Pantech Group Holdings Bhd (-ve)
Trading of shares in Pantech Group Holdings Bhd (fundamental: 1.3/3, valuation: 2.6/3) triggered our proprietary momentum algorithm for the first time since October 2017.
The counter finished 0.5 sen or 0.83% lower at 59.5 sen yesterday, with a market capitalisation of RM442.58 million after a total of 765,300 shares crossed.
Pantech reported its best financial performance last year since the crude oil price slump started in mid-2014, and is positive about its prospects for the current financial year ending Feb 28, 2019 (FY19).
Executive director Adrian Tan recently said the group has a 15% year-on-year revenue growth target, as well as export sales contribution from its main markets such as Indonesia, the US and the Middle East.
For FY18, the group’s profit after tax rose 60.8% to RM45.68 million, from RM28.41 million, while revenue stood at RM614.77 million, up 28.3% from RM479.35 million in FY17.