PANTECH (5125) - Pantech: Earnings Jumped!
Result Update
For QE28/2/2017, Pantech's net profit rose 77% q-o-q or 54% y-o-y to RM11 million while its revenue increased by 54% q-o-q or 40% y-o-y to RM153 million. The better Group performance was mainly due to the increase in sales demand and delivery for RAPID projects.
Table: Pantech's last 8 quarterly results
Graph: Pantech's last 30 quarterly results
Valuation
Pantech (closed at RM0.61 yesterday) is now trading at a PE of 13 times (based on last 4 quarters' EPS of 4.73 sen). Dividend yield is at 3.0%. At these multiples, Pantech is deemed reasonably priced for a stock in the O&G sector which is poised for recovery.
Technical Outlook
Pantech is in a long-term uptrend line, with support at RM0.45.
Chart: Pantech's weekly chart as at April 25, 2017 (Source: Malaysiastock.biz)
Conclusion
Based satisfactory financial performance, fair valuation & positive technical outlook, Pantech is a good stock for long-term investment.
Note:
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.
PANTECH (5125) - Pantech: Earnings Jumped!
http://nexttrade.blogspot.my/2017/04/pantech-earnings-jumped.html
