Stock Name: PanUnited
Company Name: PAN-UNITED CORPORATION LTD
SIAS Research in an Aug 15 research report says: "On the back of higher sales volume, better selling prices and effective cost control, Pan-United Corp Ltd's (Pan-U) 2Q FY11 revenue and PATMI grew 27% and 75% y-o-y to $129 million and $8.78 million respectively.
"1H revenue and PATMI formed 51.3% and 56.7% of our FY2011F. There was a slight surprise in profit margin for this quarter owing to sustained gross profit margin and well controlled operating costs. Developments in Indonesia and Vietnam are progressing as per projected and initiatives are taken to minimise losses at the shipping division.
'We will revise our FY2011 forecasts upward should the BBM division continue to maintain its margin. Intrinsic value of 63 cents per share. MAINAIN INVEST."
Company Name: PAN-UNITED CORPORATION LTD
| Research House: SIAS | Price Call: BUY | Target Price: 0.63 |
SIAS Research in an Aug 15 research report says: "On the back of higher sales volume, better selling prices and effective cost control, Pan-United Corp Ltd's (Pan-U) 2Q FY11 revenue and PATMI grew 27% and 75% y-o-y to $129 million and $8.78 million respectively.
"1H revenue and PATMI formed 51.3% and 56.7% of our FY2011F. There was a slight surprise in profit margin for this quarter owing to sustained gross profit margin and well controlled operating costs. Developments in Indonesia and Vietnam are progressing as per projected and initiatives are taken to minimise losses at the shipping division.
'We will revise our FY2011 forecasts upward should the BBM division continue to maintain its margin. Intrinsic value of 63 cents per share. MAINAIN INVEST."
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