PANTECH
SHARES in Pantech Group Holdings, a supplier of pipes, fittings and flow control products for various industries, including oil and gas, surged 14% over the past two weeks, lifted by better-than-expected results for the financial year ended Feb 29, 2008 (FY08). At RM2.22 last Friday, the stock was worth 10 times its earnings per share for the year just ended. OSK Investment Bank expects rising steel prices and capacity expansion drive to boost earnings to 27.5 sen per share in the current fiscal period.
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