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[Brokerage Focus] West Cow Securities cuts pentamaster (01665) target price by 21%, indicating a lack of significant growth momentum in the short term.
Kinwu Financial News | WestCattle Securities' research report indicated that Pentamaster (01665) recorded a 16.9% year-on-year decrease in revenue to 0.15 billion ringgit in the third quarter of 2024, with a 5.9% year-on-year decline for the first nine months. The firm mentioned that the gross margin rebounded from 28.1% in the second quarter of 2024 to 28.8% in the third quarter, as the higher gross margin of the factory automation solutions segment offset the weak performance of the automation testing equipment segment. The underwhelming performance of the autos business was the main drag on the automation testing equipment segment, while the gradual operation of the third factory next year will lead to a lower initial ramp-up period.
Analyst Is Optimistic For Pentamaster's Long-Term Performance Despite Its 9M24 Result Misses Expectation
Pentamaster Shares Fall After Profit Nearly Halved in Latest Quarter
Pentamaster Malaysia 3rd-Quarter 2024 Earnings Summary Table
Pentamaster (01665.HK): Profit for the first nine months was 88.8 million Ringgit, a decrease of 18.1% year-on-year.
Glory 7th of November, Pentamaster (01665.HK) announced that as of September 30, 2024, the group's revenue was 0.492 billion ringgit, a 5.9% decrease from the same period last year. The profit for the period was about 88.8 million ringgit, an 18.1% decrease from the same period last year, with basic earnings per share of 3.73 cents. The cash and cash equivalents as of September 30, 2024 were 0.367 billion ringgit, compared to 0.396 billion ringgit as of December 31, 2023.
Express News | Pentamaster International Ltd - 9-Mnth Profit 88.8 Mln RGT
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