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Business news in brief.

Business

Pantech shares tumble after revenue warning

KUALA LUMPUR: Shares in Pantech Group Holdings Bhd tumbled 9% in early trade Friday after the company warned that it could see a 20% reduction in revenue due to trade war.

Business

Kenanga Research downgrades Pantech to Market Perform

KUALA LUMPUR: Pantech Group Holdings Bhd has been downgraded to Market Perform by Kenanga Research following an anti-dumping tax imposed by the US on all carbon steel butt welded fittings from Malaysia.

Business

Trading ideas: Pantech, Pavilion REIT, Ajiya, Ancom, Vitrox, Cuscapi

KUALA LUMPUR: Pantech Group Holdings Bhd, Pavilion Real Estate Investment Trust (REIT) and Ajiya Bhd are among the stocks to watch on Friday, according to JF Apex Research.

Business

Pantech the first Malaysian casualty of US-China trade war

PETALING JAYA: Pantech Group Holdings Bhd has turned out to be the first Malaysian casualty of the intensifying trade war between the United States and China, with the company projecting a 20% decline in revenue for the remaining nine months of its financial year ending Feb 28, 2019.

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Pantech Group Holdings

Stock breaks through the uppermost simple moving average

Business

Trading ideas: Uzma, Aeon Credit, EcoFirst, Pantech

KUALA LUMPUR: Uzma Bhd, Aeon Credit Service (M) Bhd, EcoFirst Consolidated Bhd and Pantech Group Holdings Bhd are among the stocks to watch on Monday, according to JF Apex Research.

Business

Pantech fiscal 2018 net profit jumps to RM45mil

KUALA LUMPUR: Pantech Group Holdings Bhd’s (Pantech) net profit for the financial year ended Feb 28, 2018, jumped to RM45.52mil from RM28.4mil recorded previously.

Business

Pantech bullish on outlook as higher oil price drives O&G activities

LOW profile Pantech Group Holdings Bhd expects to maintain its strong momentum going into its financial year 2019 (FY19), largely driven by improving market conditions both locally and internationally.

Business

Alliance expects crude oil to stay above US$60 per barrel in 2018

KUALA LUMPUR: Alliance DBS Research has forecast a healthier 2018 outlook for the benchmark Brent crude oil price to stay above US$60 (US$1 = RM3.94) per barrel mark.