KUALA LUMPUR (Jan 16): OSK Research says PANTECH GROUP HOLDINGS BHD []’s 3Q’s result is expected to improve quarter-on-quarter and will improve further in 4Q to meet the research house’s FY12 earnings forecast.
OSK Research in a note Monday said Pantech’s manufacturing division contribution was expected to achieve a healthy growth from the improvement of the stainless steel pipe making.
“We believe that the fluctuation of stainless steel prices is the reason causing Pantech’s stainless steel business arm to grow at a slower pace.
“Nonetheless, we maintain our Trading BUY recommendation with FV remained unchanged at 57 sen,” it said.
OSK Research in a note Monday said Pantech’s manufacturing division contribution was expected to achieve a healthy growth from the improvement of the stainless steel pipe making.
“We believe that the fluctuation of stainless steel prices is the reason causing Pantech’s stainless steel business arm to grow at a slower pace.
“Nonetheless, we maintain our Trading BUY recommendation with FV remained unchanged at 57 sen,” it said.
