Pan-United Corporation - CGS-CIMB Research 2022-04-06: A Visit To The Innovation & Command Centre

Pan-United Corporation - A Visit To The Innovation & Command Centre

PAN-UNITED CORPORATION LTD (SGX:P52) | SGinvestors.ioPAN-UNITED CORPORATION LTD (SGX:P52)
  • We visited Pan-United (SGX:P52)’s Innovation & Command Centre on 5 Apr 2022 and were impressed by its strong R&D drive, tech adoption and sustainability efforts.
  • Aside from its diverse portfolio of over 300 specialised green products, we think PanU CarbonCure concrete can potentially be offered as a carbon offset solution.
  • Pan-United’s intelligent logistics platform AiR enables greater operational efficiency through enhanced automation of fleet and supply chain. Pan-United is exploring monetisation of this SaaS platform to regional players to drive recurring income.
  • We reiterate our ADD call on Pan-United with a target price of S$0.56, based on 6.6x FY23F EV/EBITDA which is a 10% discount to peers in view of Pan-United’s smaller market cap.




Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.



Kenneth TAN CGS-CIMB Research | ONG Khang Chuen CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-04-06
SGX Stock Analyst Report ADD MAINTAIN ADD 0.560 SAME 0.560




Previous report by CGS-CIMB:
2022-03-29 Pan United Corporation - A Concrete Opportunity

Target prices by 2 other brokers at Pan United Target Prices.
Listing of broker reports at Pan United Analyst Report.

Relevant links:
Pan United Share Price History,
Pan United Announcements,
Pan United Dividends & Corp Actions,
Pan United News Articles





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