Pantech looking forward to better profitability

Given that more than 50% of the group’s earnings is derived from the oil and gas sector, Mercury Securities Research said Pantech is in the right position to benefit from the capital expenditure (capex) cycle.

KUALA LUMPUR: Pantech Group Holdings Bhd, a one-stop provider of pipes, valves and fittings, is likely to post better earnings ahead supported by the positive outlook of the oil and gas sector and rising contributions from the palm oil industry.

Given that more than 50% of the group’s earnings is derived from the oil and gas sector, Mercury Securities Research said Pantech is in the right position to benefit from the capital expenditure (capex) cycle.