Pantech is more a downstream oil & gas company. The revenue is mainly affected by the outlook of oil & gas companies. However, I believe a substantiate portion of the revenue comes from maintenance of existing facilities. There is a reduction in revenue in the last quarter and hope that it has stabilized at current level. With 400mil inventory, 11% ROE is amazing.
Fundamentally, the company balance sheet is healthy. It is sitting on 177m cash and the gearing has improved from .31 to .28. A big portion of the loan is bankers' acceptance to facilitate trading. high dividends pay out should be sustainable. I don't understand why the management decided to reduce the trade payable by 105m last quarter?!?
I don't see much growth in the company. PSI & PSA are at 90% but company did not propose any extension plan. Not expecting much contribution from the newly acquired UPE and cost saving from the newly installed solar system. Just wish for a steady performance similar to last year.
At current price, there is still chance to make money.
I attended the AGM yesterday. The attendance is much better than last year with a generous door gift of RM50 voucher each. My general observation is that the sentiment of management is upbeat in maintaining the past two years performances and has no aggressive growth plans at this juncture.
From the first QR, we can see that the company financial positions are solid, it is good to further consolidate at this time of uncertainty. I'm happy to enjoy 1.5sens dividend per Q in the meantime.
Thanks for sharing, danchong ------------------------ danchong
I attended the AGM yesterday. The attendance is much better than last year with a generous door gift of RM50 voucher each. My general observation is that the sentiment of management is upbeat in maintaining the past two years performances and has no aggressive growth plans at this juncture.
From the first QR, we can see that the company financial positions are solid, it is good to further consolidate at this time of uncertainty. I'm happy to enjoy 1.5sens dividend per Q in the meantime.
if u undi PN and PN menang, bursa malaysia dah sure 100% guarantee crash! pantech drop back to 30sen! so UNDILAH PAKATAN HARAPAN so that DAP rocket will push up your Pantech higher and higher!
I guess there are about 10m esos unexercised. After exercise, grantees could sell for quick and handsome profits. The bigger issue may b the yearly RM10m director remuneration. 3 rather-senior directors may need to slowly hand over to next generation so the company continues to grow at good pace.
Pantech has already broken its descending triangle's floor. If it closes lower than 0.835, there's a high probability downtrend is on its way.
From what I see, there are attempts to push the price up a bit but with very little volume, followed by large selling volume, as if the push up of price is superficially done to allow selling at a favorable price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
danchong
499 posts
Posted by danchong > 2023-07-05 11:13 | Report Abuse
Pantech is more a downstream oil & gas company. The revenue is mainly affected by the outlook of oil & gas companies. However, I believe a substantiate portion of the revenue comes from maintenance of existing facilities.
There is a reduction in revenue in the last quarter and hope that it has stabilized at current level. With 400mil inventory, 11% ROE is amazing.
Fundamentally, the company balance sheet is healthy. It is sitting on 177m cash and the gearing has improved from .31 to .28. A big portion of the loan is bankers' acceptance to facilitate trading. high dividends pay out should be sustainable. I don't understand why the management decided to reduce the trade payable by 105m last quarter?!?
I don't see much growth in the company. PSI & PSA are at 90% but company did not propose any extension plan. Not expecting much contribution from the newly acquired UPE and cost saving from the newly installed solar system. Just wish for a steady performance similar to last year.
At current price, there is still chance to make money.