SINGAPORE (27 Sept): Pan-United Corporation still has a bright spot in its port division among its three core businesses according to OCBC Investment Research.
The basic building resources division, which makes up 30% market share of Singapore’s ready-mixed concrete and cement, faces a challenging outlook amid a slowdown in construction activity.
Its shipping division, specialising in transporting bulk cargoes, also posted a $2.2 million loss in 1H16 due to lower vessel utilisation.
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