Pansar Bhd (
Financial Dashboard) (+ve)
Pansar (Fundamental: 1.8/3, Valuation: 3/3) last triggered our momentum alert on June 12 at 51.5 sen. It fell to a low of 47 sen before rebounding on a proposed dividend by the company. Yesterday, the stock closed 4.0% higher at 51.5 sen.
Last week, Pansar declared a first and final dividend of 2.25 sen per share for FYMarch2015, giving a net yield of 4.6%. The dividend will go “ex” on September 7.
For FY2015, revenue rose 5.6% to RM449.8 million while net profit expanded 5.7% to RM15.0 million, owing to higher contribution from the mechanical and electrical segment.
Pansar is a supplier and service provider of industrial equipment and construction products. It operates through five segments: building products, marine and industrial, wood engineering and supplies, electrical and office automation, and mechanical and electrical.
Last September, the company acquired a 20% stake in Reservoir Link Sdn Bhd, an upstream oil and gas service provider for RM12.8 million.
This article first appeared in The Edge Financial Daily, on June 24, 2015.
Financial Dashboard) (+ve) Pansar (Fundamental: 1.8/3, Valuation: 3/3) last triggered our momentum alert on June 12 at 51.5 sen. It fell to a low of 47 sen before rebounding on a proposed dividend by the company. Yesterday, the stock closed 4.0% higher at 51.5 sen.
Last week, Pansar declared a first and final dividend of 2.25 sen per share for FYMarch2015, giving a net yield of 4.6%. The dividend will go “ex” on September 7.
For FY2015, revenue rose 5.6% to RM449.8 million while net profit expanded 5.7% to RM15.0 million, owing to higher contribution from the mechanical and electrical segment.
Pansar is a supplier and service provider of industrial equipment and construction products. It operates through five segments: building products, marine and industrial, wood engineering and supplies, electrical and office automation, and mechanical and electrical.
Last September, the company acquired a 20% stake in Reservoir Link Sdn Bhd, an upstream oil and gas service provider for RM12.8 million.
This article first appeared in The Edge Financial Daily, on June 24, 2015.
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