KUALA LUMPUR: OSK Research said it recently witnessed the launch of Pantech Stainless & Alloy Industries, a subsidiary of Pantech producing stainless steel pipes and fittings.
'We remain positive on this venture, though some short term dampeners which include initial start up costs and the time lag impact from announcement to implementation of O&G projects prompts us to revise our earnings down for FY12 and FY13,' it said on Wednesday, May 11.
'Nonetheless, our FV of 79 sen is retained, as we rollover our valuation to CY12. Maintain Trading BUY,' it said.
'We remain positive on this venture, though some short term dampeners which include initial start up costs and the time lag impact from announcement to implementation of O&G projects prompts us to revise our earnings down for FY12 and FY13,' it said on Wednesday, May 11.
'Nonetheless, our FV of 79 sen is retained, as we rollover our valuation to CY12. Maintain Trading BUY,' it said.
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