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[Brokerage Focus] West Niu Securities cuts Pentamaster's (01665) target price by 21% due to its short-term lack of significant growth momentum.
Jinguo Finance | Xiniu Securities research indicates that pentamaster (01665) had a revenue decrease of 16.9% year-on-year to 0.15 billion ringgit in the third quarter of 2024, with a year-on-year decline of 5.9% for the first nine months. The firm noted that the company's gross margin rebounded from 28.1% in the second quarter of 2024 to 28.8% in the third quarter, with the higher gross margin in the factory automation solutions business segment offsetting the weak performance of the automated inspection equipment business segment. The unsatisfactory performance of the autos business is the main reason dragging down the automated inspection equipment business segment, while the third factory is gradually going into operation next year, facing a lower 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.
PENTAMASTER: UNAUDITED THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024
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