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/.

Previous report by UOB:
2024-06-20 Pan-United Corporation - Market Leader With Concrete Growth Prospects, Proxy To Construction Boom.

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