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can some one tell me why this counter is going down after yesterdays high of S$1.00?????
PhillipCapital Research Note - 3 May 2013
Regional Market FocusSingapore
- The benchmark STI close higher to 3,402.39 (+1.02%). The 2.2bn shares traded were worth S$1.9bn in value.
- DBS rallied strongly to close up 4.5% after reporting a strong set of numbers before market opening yesterday. However, our analyst believes that the positives are mostly priced in and downgraded his recommendation on the stock to Neutral.
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Top picks for the year are Pan United (Buy, TP: S$1.21), SIAEC (Buy,
TP: S$6.10) & Boustead Singapore (Buy, TP: S$1.80). Pan United is a
dominant supplier to the construction industry in Singapore and we
expect the company to perform well given the strong pipeline of
infrastructure work over the next few years. SIAEC is a key beneficiary
of the aviation growth story in the region and offers excellent dividend
yields. There are hidden gems within Boustead Singapore and we believe
that the stock would continue to re-rate as the market appreciates the
economic moat in its businesses.
...Prev Close: $0.935...
...Married Deal: Vol: 378 Value: $365,904 ie $0.968/share Prev Close: $0.97...
...consolidation since early Feb...support level: $0.905-0.910...
Will Pan soar? Knowing that the white paper dwells on infrastructures
this one seems like on a steady uptrend for many years...can anyone check the chart and confirm? vested ... read about the biz and think the construction boom bodes well for this one... anyone else vested recently?
Best if breakout at 0.59
Anyway, thks for alert me this counter.
justin1979 ( Date: 07-Aug-2012 11:53) Posted:
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bought today and waiting for fly high.!!
stable. not much movement.
low selling vol. will rise gradually after securing contract.
PAN-UNITED CORPORATION LTD
WHOLLY-OWNED SUBSIDIARIES SECURE SUPPLY CONTRACTS
WITH A COMBINED VALUE OF APPROXIMATELY S$107 MILLION
The Board of Directors of Pan-United Corporation Ltd (the “Company”) is pleased to
announce that its 100%-owned subsidiaries, Pan-United Concrete Pte Ltd (“Pan-United
Concrete”) and United Cement Pte Ltd (“United Cement”), have both successfully
secured supply contracts in connection with the Marina Coastal Expressway (“MCE”)
development under MCE Contract 483 and 486. The combined value of the supply
contracts is approximately S$107 million.
Pan-United Concrete will supply ready-mixed concrete to Samsung C&T Corporation for
the MCE Contract 483 and 486 projects while United Cement will supply Ordinary
Portland Cement and Portland Blast Furnace Cement for the MCE Contract 483 project.
The MCE is expected to be completed by end 2013.
03.12.09
Pan-United has updated that its most recent contracts all have escalation clauses for fluctuations to pass on any raw material prices. This will be pegged to BCA's quarterly RMC price index which will be a slight laggard compared with a month-on-month fluctuation index that is privately negotiated between Pan-United and the buyer.
It will be expanding its fleet of seven pairs of tugs and barges to 15 pairs by Q2 2009, to cater to anticipated government legislation to source for raw materials from 'distant sources' compared with 'traditional sources' such as Indonesia and Malaysia. While all 15 pairs can be used to cater to in-house needs in transporting materials, we expect Pan-United to remain flexible and to use 50 per cent of its enlarged fleet while chartering the rest out to capitalise on strong charter rates.
We retain our FY2008 revenue forecast at $528.2 million and Patmi at $39.2 million as Pan-United rides the construction boom in Singapore. Our fair value stays at $1.03 based on DCF. At the current price, Pan-United is trading at an attractive 9.2 times FY2008 PE and 8 times FY2009 PE with dividend yield of 7.7 per cent. We maintain our 'buy' rating.
BUY (BT)
Slow, Gradually, sliently creeping up and had hard time spot it...... Coolz... if broke the 70cts resistance,.... ha... will at least hit 0.765 very soon may be in two or more trading session....
Just moniot this baby.... there are really alot of counters with great opportunity now.. check it out...
cheers
a company with good fundamentals, able to secure a couple of contracts for its Industrial & Trading sector due to the construction bloom in our lion city. Currently trading at 62.5cents. good value for money?
Hi,wish to know whether selling of PU.M will benefited PU.C?????
I mean PUC still holding part of PUM after demerged right.if yes should have some cash div. right
Oohs, Sorry, my earilier post at 14:11 was for PanU Mar, sorry I mixed up with PanUnited.
I think the companies should state their names at SGX such that there will be no confusion.
Someone intending to buy PanU Mar may buy the wrong counter PanUnited.....
oh sorry.........
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ghlau935, see highlighted in red. Our Story |
| Pan-United Corporation Ltd (PUC) started as a small ship chandler in 1958. PUC ventured into regional bulk shipping in the '70s, and subsequently the marine industry in the '80s. In the 90's, PUC spearheaded the business into Industrial & Trading and subsequently the Port in Changshu City, Jiangsu Province, China. We were listed on the Singapore Stock Exchange in 1993. Today, PUC is an integrated logistics and infrastructure group with interests spanning the Asia-Pacific region. Our vision is to become an Asian MNC through a strategy of expansion, diversification and regionalisation. It is our people that will make the difference in Pan-United. They are our most important asset. |
| Our Businesses |
Our core activities have developed into a strong focus and successful businesses, each participating in an industry segment with high growth potential.
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Has this Pan united got to do with Pan united marine? are they brothers??
QUOTES:
Singapore-based shipbuilder Pan-United Marine Ltd said it has won four contracts worth 267 mln usd to build four anchor handling, towing and supply vessels for repeat customer Swire Pacific Offshore Operations (Pte) Ltd. The firm said the contracts include the supply of major equipment. The vessels are expected to be completed in 2010 and 2011.
"Our current outstanding order book now stands at another record high of 954 mln sgd, before taking into account the second quarter 2007 shipbuilding revenue to be recognized at the end of June 2007," executive chairman Henry Ng said.