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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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Copper prices soared to a 22-month high
After the global copper mine supply was impacted at the end of last year, as global manufacturing demand showed signs of recovery, copper mine supply reduction combined with stronger-than-expected demand, and copper prices rose strongly.Recently, the price of copper has been rising steadily and has attracted market attention. The LME copperfuturesprice has reached its highest level in 22 months.
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After the global copper mine supply was impacted at the end of last year, as global manufacturing demand showed signs of recovery, copper mine supply reduction combined with stronger-than-expected demand, and copper prices rose strongly.Recently, the price of copper has been rising steadily and has attracted market attention. The LME copperfuturesprice has reached its highest level in 22 months.
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$Microsoft(MSFT.US$ Teams sucks, no way around it. Gotta love how Microsoft thinks its so Innovative but in reality its only slightly ahead of other laggards (cloud is its crown jewel)
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$S&P 500 Index(.SPX.US$ He said he was shorting tech back in March after the NASDAQ had already fallen 12%. Then he said in the spring that he was shorting semiconductors, and they’re up substantially since then. It’s unclear why CNBC continues to interview him.
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$Pfizer(PFE.US$ The most dangerous variant we’ll see will be the Mu Epsilon Variant,aka MEV, aka Mid-term Election Variant, which will be used as an excuse to use the new favorite voter fraud system of the Democrat party, the mail-in ballot.
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$Grab Holdings(GRAB.US$ $Altimeter Growth Corp(AGC.US$ the warrants are up over $2 so some ppl at least think they have long term prospects
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