Hi guys, Pleae read till the end....
By now almost everyone has wakened up to the Oil & Gas Bull Theme for Year 2019. And everyone is going GaGa over Dayang due to its latest Impressive results: Higest quarterly profit ever registered for Dayang.
As always Calvin like Value. Now Value & Growth. And just last week I bought some Dialog which has no NTA support but solely on Growth only
Now let's See as the Title states
PANTECH VERSUS DAYANG: O&G BULL STOCKS (Compare & Contrast)
First the Similarities
1) BOTH PANTECH & DAYANG HAVE PETRONAS IN THEIR 30 TOP SUBSTANTIAL SHAREHOLDERS
See Dayang
Please see Annual Report 2017 & scroll down to Top 30 Shareholders
21. CIMB Group Nominees (Tempatan) Sdn Bhd Exempt An For Petroliam Nasional Berhad (AFFIN) 3,391,300
Petroliam National is the Malay Name for PETRONAS
Petronas has about 3.4 Million Dayang Shares
Now see Pantech
26. CIMB GROUP NOMINEES (TEMPATAN) SDN BHD 4,000,000
EXEMPT AN FOR PETROLIAM NASIONAL BERHAD (AMUNDI MALAYSIA)
NAME IN MALAY LAH
(((PETROLIAM NATIONAL BERHAD)))
PETRONAS HAS 4 Million Pantech shares
So both Dayang & Pantech have PETRONAS as Top Shareholders
Now the Differences
2) Dayang has High Net Liabilities in Perdana while Pantech has Net Surplus Cash
See
Latest Qtr report A.13
Depending on the Debt Restructuring Scheme that is to be finalized with CDRC and acceptable by Perdana Petroleum Bhd’s (“PPB”) lenders (see Note B8 (ii)), there may be a need to write down the Group’s nonfinancial assets (including PPE but excluding inventories and deferred tax assets) to market value, if lower than their carrying amount. As PPB is still exploring the various debt restructuring options, it is unable to provide further details at this stage.
Although Dayang has one Quarter very good result Its liability in Perdana will still bog down its financial health till more positive quarters to turn its fortune around
Now See this HIDDEN CASH HOARD of PANTECH
Under Total Assets (Refer to Pantech latest Qtr report)
Unappropriated Profit Rm335,772,000
Ha! Pantech Has A Surplus CASH HOARD OF RM335 MILLIONS STORED SAFELY
Plus Cash Position Has Increased by another 20%!!
See further down
CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 70,223 91,592
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 83,605 74,057
SO CASH HAS INCREASED BY ALMOST 20%
This Extra Cash could be given As Extra Dividend for Year 2019
3) PANTECH GIVES DIVIDENDS IN GOOD TIMES & BAD TIMES. IN GOOD TIMES MORE!!
Dayang has stopped giving out dividends for year 2016 & 2018. Probably none this year due to its liabilities in Perdana
See Pantech Dividend History
| 17-Jan-2019 | 20-Mar-2019 | DIVIDEND_SHARE | Second interim dividend | 1 : 100 |
 |
| 24-Oct-2018 | 27-Dec-2018 | DIVIDEND | First Interim Dividend | RM 0.005 |
|
| 27-Jun-2018 | 31-Jul-2018 | DIVIDEND | Final Dividend | RM 0.005 |
|
| 26-Jan-2018 | 28-Mar-2018 | DIVIDEND | Interim Dividend | RM 0.005 |
|
| 24-Oct-2017 | 27-Dec-2017 | DIVIDEND | Second interim dividend | RM 0.005 |
|
| 26-Jul-2017 | 27-Sep-2017 | DIVIDEND | First Interim Dividend | RM 0.01 |
|
| 28-Jun-2017 | 02-Aug-2017 | DIVIDEND | Final Dividend | RM 0.005 |
|
| 12-Jan-2017 | 29-Mar-2017 | DIVIDEND | Interim Dividend | RM 0.003 |
|
| 05-Dec-2016 | 19-Dec-2016 | BONUS_ISSUE | Bonus Issue | 1 : 10 |
|
| 05-Dec-2016 | 19-Dec-2016 | BONUS_ISSUE | Bonus Issue | 1 : 5 |
|
| 18-Oct-2016 | 29-Nov-2016 | DIVIDEND | Second interim dividend | RM 0.005 |
|
| 21-Jul-2016 | 28-Sep-2016 | DIVIDEND | First Interim Dividend | RM 0.005 |
|
| 29-Jun-2016 | 27-Jul-2016 | DIVIDEND_SHARE | Final Dividend | 1 : 100 |
|
| 29-Jun-2016 | 27-Jul-2016 | DIVIDEND | Final Dividend | RM 0.005 |
|
| 20-Jan-2016 | 16-Mar-2016 | DIVIDEND | Interim Dividend | RM 0.0050 |
|
| 21-Oct-2015 | 18-Dec-2015 | DIVIDEND | Second interim dividend | RM 0.0060 |
|
| 23-Jul-2015 | 05-Oct-2015 | DIVIDEND | First Interim Dividend | RM 0.0050 |
|
| 08-Jul-2015 | 25-Aug-2015 | DIVIDEND_SHARE | Final Dividend | 1 : 100 |
|
| 08-Jul-2015 | 25-Aug-2015 | DIVIDEND | Final Dividend | RM 0.0050 |
|
| 22-Jan-2015 | 17-Mar-2015 | DIVIDEND | Interim Dividend | RM 0.006 |
|
| 20-Oct-2014 | 23-Dec-2014 | DIVIDEND | Interim Dividend | RM 0.01 |
|
| 20-Oct-2014 | 05-Dec-2014 | INTEREST | Loan Stock Interest | 3.5% |
|
| 23-Jul-2014 | 02-Oct-2014 | DIVIDEND | First Interim Dividend | RM 0.01 |
|
| 05-Aug-2014 | 02-Sep-2014 | DIVIDEND | Final Dividend | RM 0.01 |
|
| 22-Jan-2014 | 17-Mar-2014 | DIVIDEND | Interim Dividend | RM 0.01 |
Can expect this in Year 2019!!!
4) DAYANG NEEDS PANTECH DIRECTLY WHILE PANTECH NEEDS DAYANG INDIRECTLY
Why?
Because Dayang needs to buy Oil Pipes & Valves from Pantech just like all Other On Shore & Offshore OGSE
See from Dayang Company Website
Provision of Maintenance Services
- Maintenance of Topside structure
- Maintenance of pipes and valves and
- Electrical and instrumentation
DAYANG NEEDS PANTECH PIPES & VALVES FOR MAINTENANCE & REPLACEMENTS!!
And so Pantech got business from Dayang & all other OGSE collectlively. So good
After all the Crude Oil is extracted & transported to Refinery. Again Pantech pipes and valves are needed the 2nd time plus Pantech also involve in Oil Flow Improving.
And the 3rd time is this. After Crude Oil has been refined and processed into Petrol, Diesel, Jet fuel, Naphta, Parafin, Kerosene etc etc Pantech pipes are again used to transfer them to Storage Tanks or Chemical factories nearby.
5. PETRONAS contracts for Dayang only last 5 years & then renewable & extended again depending on Market conditions. FOR Pantech this Service Contract is Perpetual or For "Forever"
See from Pantech ANNUAL REPORT
TREND AND OUTLOOK
It is anticipated that the oil and gas industry will continue to recover in 2018 as mooted by various parties. At the time of writing, oil is trading at around the USD65 mark per barrel. This is a much better state than it was in the preceding financial year where it was fluctuating at USD50 per barrel. The decision by key oil producing nations to curb oil production in order to stabilise prices has borne fruit.
At home, the completion of the RAPID project stands at 87% and is on track to be fully operational by end-2019. A steam cracker plant, petrochemical complex, air separation unit (ASU) and Pengerang Deepwater 2 have yet to be completed while the raw water supply project (Pamer), Pengerang Cogeneration Plant and Regassification Terminal 2 (RGT2) are already operational. Saudi Aramco has earlier in the year completed its RM27.44 billion investment into RAPID, and it has spurred prospects.
Maintenance contracts of RAPID once completed will be a good avenue of income. As it stands, maintenance contributes about 40% to Pantech Group’s revenue from the oil and gas sector. Being in this industry, maintenance works are essentially perpetual as they are critical in ensuring safety and optimal operations.
In other developments, Petronas is aiming a slightly higher upstream capex compared to last year. This bodes well for Pantech Group as it could translate to more requirements for PVF and other components which we supply, especially considering that Pantech Group is on the list of international vendors for specified items for Petronas.
Now read again Very Very Very Carefully these facts:
Maintenance contracts of RAPID once completed will be a good avenue of income. As it stands, maintenance contributes about 40% to Pantech Group’s revenue from the oil and gas sector. Being in this industry, maintenance works are essentially perpetual as they are critical in ensuring safety and optimal operations.
i) Maintenance contracts of RAPID once completed will be a good avenue of income.
This will be completed soon in Year 2019
ii) This Maintainence contributes 40% to Pantech Group's revenue from the Oil and gas sector
So this is a Large Assured Portion - 40% from good Pay Master Petronas
iii) Being in this industry, maintenance works are essentially perpetual as they are critical in ensuring safety and optimal operations.
ESSENTIALLY PERPETUAL MEANS "FOR FOREVER" AS LONG AS RAPID RFINERY IS IN OPERATION 24 HOURLY & 365 DAYS A YEAR.
And Refinery closed for certain period for thorough inspection and maintenance & OVERHAUL.
This will bring ADDED INCOME For Pantech as Pantech has a Store of 30,000 pipes, valves & etc etc..
6) NOW: PANTECH ALSO SUPPLY OIL PIPES & VALVES FOR THE PALM OIL INDUSTRIES
And Felda, Wilmar, IOI, SIME DARBY & OTHER BIG OIL PALM COMPANIES BUY PIPES FROM PANTECH
And FELDA IS THE WORLD'S BIGGEST PLANTATION HOLDERS
See FELDA IS IN TOP 30 OF PANTECH
2. KOPERASI PERMODALAN FELDA MALAYSIA BERHAD 60,461,200,000
At Top No. 2 in Pantech Top 30 is FELDA with 60.4 Million Pantech shares
Since Malaysia & Indonesia commands 90% of the World's Palm Oil Market Pantech has a Superb Strategic location
Recently CPO Prices picked up again
To show better prospect CBIP got Fresh Orders from Its Palm Oil Extraction Business
See
OTHERS CB INDUSTRIAL PRODUCT HOLDING BERHAD ("CBIPH" or "the Company") - Contracts entered into between PalmitEco Engineering Sdn. Bhd. and PT Kodeco Agrojaya Mandiri
| CB INDUSTRIAL PRODUCT HOLDING BERHAD |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | OTHERS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description |
CB INDUSTRIAL PRODUCT HOLDING BERHAD ("CBIPH" or "the Company")
- Contracts entered into between PalmitEco Engineering Sdn. Bhd. and PT Kodeco Agrojaya Mandiri
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The Board of Directors of the Company is
pleased to announce that PalmitEco Engineering Sdn. Bhd. (Company No.
1131144-D), a wholly-owned subsidiary of the Company, has received the
following Letters of Awards of Contracts (“LOAs”) from PT Kodeco
Agrojaya Mandiri with total combined contract value of approximately
RM86,956,566 as detailed hereunder:-
This is a Clear Sign For The Revival of CPO in Malaysia & Indonesia
7)
PANTECH HAS 3 DIVISIONS OF BUSINESS:. 1) OIL & GAS INDUSTRY 2) PALM
OIL INDUSTRY & 3) INVESTMENT IN INDUSTRIAL REAL ESTATE
PANTECH
CURRENTLY HAS FACTORIES AND WAREHOUSES IN VARIOUS STRATEGIC PLACES LIKE
PORT KLANG, KUANTAN, SINGAPORE, PASIR GUDANG & IN PENGERANG
Especially in Pengerang Pantech has bought An Industrial Land for only Rm14.10 per sq ft
These Strategic Assets will Appreciate In Value Due To the Rise of RAPID Pengerang
More
than that. There is a future plan that Malaysia will have a Connecting
3rd Bridege to Singapore near Pengerang or Pasir Gudang. Either one is
good as Pantech Factory Lands & Warehouse will stand to benefit.
From more business & from Land Appreciation
Now the Pengerang Lands were FREEHOLD & Bought in Year 2015
It has gone up in Value but not Revalued as Yet
Meanwhile Insiders have been Busily Loading Up Pantech shares
8) SEE DIRECTORS & INSIDERS BUYING UP PANTECH SHARES
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