Pentamaster 2Q2024 Result – The Automated Test Equipment (ATE), Factory Automation Solutions, and Smart Control Solution System Company
According to The Edge Malaysia, RHB Research experts keep the ‘buy' call on the counter with a target price of RM6.16. From the statement by RHB Research, “We continue to favour Pentamaster due to its expanding presence in the medical devices industry, which offsets the slower-than-expected automotive recovery and mitigates the cyclical nature of the semiconductor market”. (View original at https://theedgemalaysia.com/node/721441)
Source: The Edge Malaysia
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Pentamaster’s Prospects for 2Q
-From the first half of 2024, the global economic recovery was slower than expected, where the ATE segment remained subdued and the group encountered contraction in the current order book,
-The group identifies several catalysts that can drive the business’s growth which include advancements in AI, automotive electrification, and medical manufacturing automation.
-The group expects more opportunities to discover the automotive sector in the European region as this region currently accounts for less than 10.0% of the Group’s total revenue.
-The group has also received a certain number of order books from the solar energy market supporting the expansion of the automation process.
-From the first half of 2024, the global economic recovery was slower than expected, where the ATE segment remained subdued and the group encountered contraction in the current order book,
-The group identifies several catalysts that can drive the business’s growth which include advancements in AI, automotive electrification, and medical manufacturing automation.
-The group expects more opportunities to discover the automotive sector in the European region as this region currently accounts for less than 10.0% of the Group’s total revenue.
-The group has also received a certain number of order books from the solar energy market supporting the expansion of the automation process.
There’s a phrase called “赢钱是股神，输钱是赌神 “(Those who win in the stock market are magnates, those who lose in the stock market are gamblers). The primary objective for all investors is to earn money and choose the best method that suits you.
Disclaimer: The above content is not an investment advisory service and does not purport to tell or suggest which securities or stocks customers should buy or sell for themselves. It should not be assumed that the methods, techniques, or indicators presented above will be profitable or will not result in losses. You should not rely solely on information when making any investment. Rather, you should use the information only as a starting point for doing additional independent research to allow you to form your own opinion regarding investments.
The details of 2Q can be accessed through https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=228951&name=EA_FR_ATTACHMENTS
By: Jshen Ng
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