Pan-United Corporation - UOB Kay Hian 2024-08-30: Strong 1H24 Results Reflect Singapore’s Construction Boom

• Pan-United Corporation (SGX:P52) reported higher 1H24 revenue and core PATMI of S$384.7m (+6.8% y-o-y) and S$18.6m (+31.3% y-o-y) respectively, forming 45% and 42% of our full-year estimates. This in line with our expectations given that 1H is seasonally weaker historically.

Robust Results

• - Read this at SGinvestors.io -
• We anticipate further margin improvements from Pan-United's ongoing digitalisation of its operations and a resolute orderbook.

Higher interim dividend.

• See Pan-United's dividends. The group declared an interim 1H24 dividend of 0.7 cents/share (1H23: 0.5 cents/share), implying an annualised dividend yield of around 3%.
• - Read this at SGinvestors.io -

Poised for growth from strong ready-mix concrete (RMC) demand and healthy construction pipeline.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-09-11 Pan-United Corporation - From Sustainable Concrete To Sustainable Returns.

Price targets by other brokers at Pan United Target Prices.

Listing of research reports at Pan United Analyst Reports.

Relevant links:
Pan United Share Price History,
Pan United Announcements,
Pan United Dividend Payout Dates & Corporate Actions,
Pan United News