Pan-United

Results

Pan-United reports 2HFY2023 earnings of $20.4 mil, up 107% y-o-y

For FY2023, revenue grew 10% y-o-y to $774.1 million, driven primarily by the concrete and cement business.
Pan-United partners with Cleantech Solar to develop solar PV systems - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Pan-United partners with Cleantech Solar to develop solar PV systems

Cleantech Solar is backed by Keppel, Keppel Asia Infrastructure Fund and Shell Singapore.
Pan-United: Decarbonising the world with concrete - THE EDGE SINGAPORE

kopi-C: the Company brew

Pan-United: Decarbonising the world with concrete

'People may not notice it, but concrete is all around our daily lives'
Pan-United reports 16% lower earnings y-o-y in 2HFY2022 at $9.89 mil - THE EDGE SINGAPORE

Results

Pan-United reports 16% lower earnings y-o-y in 2HFY2022 at $9.88 mil

Pan-United's FY2022 revenue grew 20% y-o-y to $703 million.

Broker's Calls

CGS-CIMB ‘overweight’ on building materials sector with BRC Asia as top pick

Apart from improving labour, the analysts note that construction output recovered well in July.

Tech

Keppel Data Centres among industry leaders to develop Singapore’s first end-to-end decarbonisation process in Singapore

Under the MOU, Keppel Data Centres, Chevron, Pan-United and Surbana Jurong will jointly explore, identify and develop mature carbon capture technologies, coupled with novel technologies that utilise cryogens, membranes and hydrogen.

Update

Pan-United to reduce CO2 emissions with clean tech from Canada

SINGAPORE (Nov 19): Pan-United Corp, the cement and ready-mixed concrete supplier, is introducing technology from Canadian cleantech company CarbonCure in a bid to potentially save over 4,000 tonnes of carbon dioxide (CO2) emissions annually at each of it

In print this week

Is Pan-United’s port listing good for shareholders?

SINGAPORE (May 12): On May 3, Pan-United announced a renounceable non-underwritten rights issue of up to 141.6 million new shares at 43 cents each to raise some $61 million. The issue price is a steep discount of 41.1% to Pan-United’s closing price of 7

Broker's Calls

A brighter 4Q for Pan-United?

SINGAPORE (7 Nov): NRA Capital is maintaining its “overweight” call on Pan-United with a fair value of 70 cents, citing its 3Q16 results exceeded expectations.
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