Pantech Group Holdings Berhad

@BrunoBoon $PANTECH / 5125 (PANTECH GROUP HOLDINGS BERHAD) $RESINTC / 7232 (RESINTECH BERHAD) $KKB / 9466 (KKB ENGINEERING BERHAD) all come to mind as well.

I think the development of new water treatment plants have been in the talks for a long long while. Besides that, there is focus to reduce NRW, or wastages, by upgrading and replacing old pipe infra.

$PANTECH / 5125 (PANTECH GROUP HOLDINGS BERHAD)
Research by TA Securities

KUALA LUMPUR: Stocks to watch today include Capital A Bhd, Kerjaya Prospek Group Bhd, TAS Offshore Bhd, Pantech Group Holdings Bhd, LFE Corp Bhd, ABM Fujiya Bhd and MNRB Holdings Bhd.

$PANTECH / 5125 (PANTECH GROUP HOLDINGS BERHAD): Strong Fundamentals and Potential Value Unlocking

Pantech Group has consistently demonstrated strong performance over the past decade, showing steady growth in revenue, operating profit margins, and core net profit margins. A key metric often used by Warren Buffett for stock evaluation is Return on Equity (RoE), and Pantech has shown consistent improvement in this area over the last 10 years.

For any business, Free Cash Flow (FCF) is crucial as it indicates the actual cash available from operations, a vital measure of financial health. Pantech has maintained positive FCF over the past decade, showcasing its ability to sustain and grow its business while maintaining a stable financial position, even during economic fluctuations. Although the company previously carried net debt, it has significantly reduced its net debt ratio since FY2020, and by FY2024, Pantech achieved a net cash position.

Another important indicator for investors is Dividend Yield, which measures the income generated from dividends relative to the company’s share price. Pantech has consistently paid dividends over the past 10 years, and since FY2022, its dividend yield has risen to 5.8%, providing a reliable income stream for investors.

Value Unlocking on the Horizon

According to an April 2024 research report by TA Securities, Pantech Group's plan to list its wholly-owned subsidiaries—Pantech Stainless & Alloy Industries and Pantech Steel Industries—on the Main Market through a special purpose vehicle is expected to unlock significant value. Analysts suggest that this listing, assuming a conservative Price-to-Earnings (P/E) ratio of 12 times and a 40% public offering, could be valued at RM600 million. The RM240 million in proceeds from this listing could be used for mergers and acquisitions to further expand the company.

In addition to this, Pantech Group's long-term outlook remains positive, driven by strong oil prices that boost upstream capital expenditure, as well as policy support from initiatives like the New Industrial Master Plan 2030 and the Chemical Industry Roadmap 2030, which are expected to stimulate downstream growth.

Additionally, bidding for the Pengerang Integrated Petroleum Complex (PIPC) in Johor is expected to commence in mid-2024, further adding to Pantech’s growth potential.

$PANTECH / 5125 (PANTECH GROUP HOLDINGS BERHAD)
Research by TA
Buy – TP RM1.27

“No Surprises in 1QFY25"

Reiterate Buy with a higher TP of RM1.27/share pegged to 10x CY25 EPS as we incorporate an ESG Premium of 3%. PANTECH presents as an attractive dividend play, offering more than 5.0% dividend yield for FY25- FY27, supported by free cash flow yield of above 10%.

Analyst:
Ong Tze Hern
thong@ta.com.my

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

Annual Report & CG Report - 2024

SHARE BUY-BACK STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY

PANTECH - Notice of Book Closure

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

General Meetings: Notice of Meeting

Final Dividend

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - MR TAN ANG ANG

OTHERSProposed Renewal of Share Buy-Back Authority

Additional Listing Announcement /Subdivision of Shares

Change of Address

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

$PANTECH / 5125 (PANTECH GROUP HOLDINGS BERHAD)

$PANTECH / 5125 (PANTECH GROUP HOLDINGS BERHAD)
Research by TA
Buy – Target Price RM1.23

“4QFY24 Results in Line with Expectations”

We roll forward our base year of valuation. Reiterate Buy with a higher TP of RM1.23 (previous: RM1.18) based on 10x CY25 EPS. PANTECH presents as an attractive dividend play, offering 5.8%-6.7% dividend yield for FY25-FY27, supported by free cash flow yield of above 10%.

Analyst:
Ong Tze Hern
thong@ta.com.my

KUALA LUMPUR: Pantech Group Holdings Bhd is considering listing Pantech Stainless & Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).

Quarterly rpt on consolidated results for the financial period ended 29/02/2024

OTHERSPANTECH GROUP HOLDINGS BERHAD ("PANTECH" OR "COMPANY")
-PROPOSED LISTING OF PANTECH STAINLESS & ALLOY INDUSTRIES SDN BHD AND PANTECH STEEL INDUSTRIES SDN BHD, THE WHOLLY-OWNED SUBSIDIARIES OF PANTECH (COLLECTIVELY REFERRED TO AS "PROPOSED GROUP") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORMEMBERS VOLUNTARY WINDING-UP OF A SUBSIDIARY

Additional Listing Announcement /Subdivision of Shares