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PANTECH's recent net profit increased 21.9% year over year to RM28.74 million, and announced that it will distribute a dividend of 1.5 cents per share. Pantech's trading business performed strongly during the quarter, while losses in investment and management business were also reduced. The increase in quarterly results was mainly due to strong demand in the local oil and gas sector and optimization of the product structure. Together, these factors contributed to profitable growth in the trading business. However, the manufacturing business was affected by falling steel demand and falling ASP.
Looking forward to the future, Pengda Group is optimistic about the prospects in the oil and gas sector. It is expected that stronger oil prices will further boost investment in the maintenance and upgrading of oil and gas facilities. Steel has also been on the rise recently. I believe his steel ASP will increase next quarter. Stronger oil prices will further push gasoline companies to build facilities and benefit Pantch.
Furthermore, Pengda Group is considering listing its subsidiaries Pengda Stainless Steel and Alloy Industry Private Limited and Pengda Steel Industry Private Limited on the Malaysian Stock Exchange through special purpose tools. The company's board of directors pointed out that the listing plan is still in the early stages and requires extensive preparation work, so there are currently no specific listing details to be provided.
Currently, Pantech's PE is only 8.42; DY is also at 5.77%.
$PANTECH(5125.MY$
Looking forward to the future, Pengda Group is optimistic about the prospects in the oil and gas sector. It is expected that stronger oil prices will further boost investment in the maintenance and upgrading of oil and gas facilities. Steel has also been on the rise recently. I believe his steel ASP will increase next quarter. Stronger oil prices will further push gasoline companies to build facilities and benefit Pantch.
Furthermore, Pengda Group is considering listing its subsidiaries Pengda Stainless Steel and Alloy Industry Private Limited and Pengda Steel Industry Private Limited on the Malaysian Stock Exchange through special purpose tools. The company's board of directors pointed out that the listing plan is still in the early stages and requires extensive preparation work, so there are currently no specific listing details to be provided.
Currently, Pantech's PE is only 8.42; DY is also at 5.77%.
$PANTECH(5125.MY$
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CIBC upgrades $BCE Inc(BCE.CA$ , worries about dividend growth and competition are already fully baked into the stock. 8.8% yield...
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$Netflix(NFLX.US$ is set to release its earnings report after the market closes on April 18, Eastern Time. In the previous two quarters, Netflix's stock price surged impressively by 16.1% and 10.7%, respectively, following their earnings announcements. Since the beginning of the year, Netflix's share price has risen by 26.83%, outperforming the S&P 500 index and reaching a new high for the first time in nearly two...
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Good morning mooers! Here are things you need to know about today's market:
● S&P/TSX 60 Index Standard Futures are trading at 1,334.40, up 0.38%.
● Alberta's population growth is breaking records, but signs of strain are showing
● Experts predict tax hikes in budget as Trudeau government stretches to pay for its promises
● Global natural gas prices pare gains after rising last week ...
● S&P/TSX 60 Index Standard Futures are trading at 1,334.40, up 0.38%.
● Alberta's population growth is breaking records, but signs of strain are showing
● Experts predict tax hikes in budget as Trudeau government stretches to pay for its promises
● Global natural gas prices pare gains after rising last week ...
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According to MooMoo its been 773 days and counting. So glad I joined 2yrs ago. Started my journey from ZERO knowledge of how to trade stocks, to options trading somewhat confidently now.
Its a win win when I can trade stocks 📈 and have Smart Subscription to Cash funds 💵 to not let my money idle. (Happy to see daily growth in my cash plus funds) $CSOP USD Money Market Fund(SGXZ96797238.MF$ $Fullerton SGD Cash Fund(SG9999005961.MF$ $Fullerton Fund - Fullerton SGD Liquidity Fund(SGXZ40088619.MF$
Its a win win when I can trade stocks 📈 and have Smart Subscription to Cash funds 💵 to not let my money idle. (Happy to see daily growth in my cash plus funds) $CSOP USD Money Market Fund(SGXZ96797238.MF$ $Fullerton SGD Cash Fund(SG9999005961.MF$ $Fullerton Fund - Fullerton SGD Liquidity Fund(SGXZ40088619.MF$