tag:blogger.com,1999:blog-29462482.post1239660417443450194..comments2023-10-17T15:46:53.662+08:00Comments on nexttrade: Pantech- poised to move higher?Alex Luhttp://www.blogger.com/profile/08920196030603399063noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-29462482.post-83344357274111530542012-10-19T23:26:45.596+08:002012-10-19T23:26:45.596+08:00What is the Picorp debt level?What is the Picorp debt level?value investorhttps://www.blogger.com/profile/04279793653807898487noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-40974940004078466312012-10-19T08:54:47.810+08:002012-10-19T08:54:47.810+08:00Hi KC,
What's the problem? Looking at financi...Hi KC,<br /><br />What's the problem? Looking at financial position gives you a sense of how much room a company has to maneuver in the event of unexpected downturn. A company with poor financial position may survive a downturn if it executes well and can avoid potholes. When we look at a stock, we do not know how well its management executes and we don't know whether the company will be hit in a downturn. <br /><br />For your information, the top two stocks in the Oil & gas sector has the following ratios:<br /><br />1. Dialog<br />Current Ratio: 2.1 times<br />Gearing Ratio: 0.26 time<br /><br />2. Sapurakencana<br />Current Ratio: 1.1 times<br />Gearing Ratio: 0.83 time<br /><br />Pantech is in between these two companies. So, if you say that Pantech's gearing is not a problem, you could be right. Is it elevated? To me, it is. Am I worried? A bit but not enough to say AVOID this stock. In fact, I highlighted the stock as a possible good stock for investment.Alex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-4794843668595814862012-10-19T08:40:48.443+08:002012-10-19T08:40:48.443+08:00Hi BB
I have not much to say about Kian Joo. It ...Hi BB <br /><br />I have not much to say about Kian Joo. It is resting on its 20-week EMA line at RM2.34. Its next support is the horizontal line at RM2.25.<br /><br />Being a producer of packaging products (such as cans & corrugated carton boxes), it should move in tandem with consumer sector which is on the uptrend.<br /><br />As such, I am positive on the stock. The current weakness could be a good opportunity to get into the stock. Alex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-88551899809744814112012-10-18T11:34:06.730+08:002012-10-18T11:34:06.730+08:00Alex, agree with you Pantech did well in its lates...Alex, agree with you Pantech did well in its latest financial performance. However is gearing of 0.7 and days inventories turnover high? I don't think so. A gearing of 0.7 is still way below 1.0, a normally accepted ratio. Actually it more depends on whether the earnings, or rather the cash flows is adequate to meet the interest payment. Earnings is 5.3 times interest, and just two quarters of CFFO is already 6 times interest payment. For Pantech, more debt is better as it is cheaper than cost of equity. Its inventories turnover of 160 days is the normal figure as the past years, even though its turnover has increased tremendously. What is the problem?K Chttps://www.blogger.com/profile/02986490115485764028noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-64537436770983621892012-10-18T10:01:08.239+08:002012-10-18T10:01:08.239+08:00Alex, can you comment on Kian Joo please. Have a ...Alex, can you comment on Kian Joo please. Have a few lots and it seems to be drifting lower and lower.<br />Thanks.Evonne Beehttps://www.blogger.com/profile/10177296770637070126noreply@blogger.com