Barring any negative surprises on the Q2 results, it's about time for me to take a small position on this stock having shown signs of reversal. Hantamking has provided useful information links on their business although it will be some time before EV can take off, meaning it's going to be a longer term investment. In particular partnering TNB on EV charging stations is a good head start and EV related stocks are going to be hot. https://pestech-international.com/sustainability-development-project/ev-charging-station-at-wisma-tenaga-nasional-jalan-timur-kuala
Definitely Pestech at the current price is much undervalued. It is well known and respected in the industrial sector Pestech is operating. Many of its investments require heavy capital upfront but will get robust and steady cashflows with little risks in the future. Pestach also has one of its subsidiaries listed in Cambodia Stock Exchange quite recently. Mind you Cambodia other countries nearby provide excellent opportunities for growth of Pestech.
Although the debt is high, one should need to look at the order book too....this company doing high value project and upfront cost needed to mobilize manpower and material
Aiyo already said the high debt is ring-fenced by the concession payments ma. It's like your rm 20 years contract monthly rental income is used to pay the house installment with reducing principal amount as time passed by...
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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....
PenguinSociety
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Posted by PenguinSociety > 2021-07-22 09:45 | Report Abuse
hidden gem