READY-MIX concrete producer Pan-United Corporation on Wednesday (Aug 3) posted a 94 per cent rise in net profit to S$13.5 million for its first half ended Jun 30, compared to S$7 million a year ago.

AS Singapore’s largest ready-mix concrete provider, with a market share of about 40 per cent, Pan-United Corporation sees plenty of potential in driving the adoption of sustainable concrete.

PHILLIP Securities on Monday (Jun 13) raised Pan-United’s target price to S$0.68 from S$0.46 on higher demand for ready-mixed concrete (RMC) brought about by the recovery of the construction sector. It maintained a “buy” call on the counter.

With the construction sector recovery gaining pace, demand for ready-mixed concrete will drive Pan-United Corporation (Pan-United) into a net cash position by 1HFY2022F ended June, says PhillipCapital Research senior analyst Terence Chua.“With an approximately 40% market share in the industry, we ...

Global issues like the Russsia-Ukrainian War and supply chain disruptions continue to affect markets around the world. RHB Group Investment Bank CEO Ganesh Sabaratnam observes that central banks today are treading a fine line between attempting to cap inflation without impacting economic growth — ...

The building and construction sector faces an intact recovery despite macro challenges, say CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan.In a May 4 note, Ong and Tan are maintaining “overweight” on the sector. CGS-CIMB hosted BRC Asia, Pan-United Corporation and Vicplas Internation...

The higher SDAV, despite three fewer trading days during the month, was attributable to the upcoming interest rate hikes at the time, the elevated risks of inflation, as well as geopolitical tensions between Russia and Ukraine.Heavily traded in-favour stocks such as Rex International Holding and Sam...

The Building and Construction Authority (BCA) has also forecasted a growth of 11% to 23% y-o-y in construction output for the FY2022, note the analysts.In addition, the BCA also expects demand for RMC to reach a growth of 7% to 20% y-o-y in FY2022, its highest level since 2017.“With the rollout of...

READY-MIX concrete (RMC) supplier Pan-United Corp is likely well positioned to ride on the strong recovery in the construction industry with its large market share in Singapore, said CGS-CIMB.

CONCRETE and cement provider Pan-United Corporation is poised to enjoy year-on-year earnings growth in FY2022 due to upcoming infrastructure projects and rising ready-mix concrete (RMC) prices, according to Lim & Tan Securities.

When committing to something as costly and permanent as the built environment, ignoring sustainability factors is “penny-wise and pound-foolish”, says Wong Heang Fine, CEO of Surbana Jurong Group. “Everybody thinks sustainability is costly, but the fact is: If you don’t spend now, you’ll p...

Cement maker Pan United Corp has been buying back shares steadily since it reported its full year FY2021 earnings late last month. The most recent buying was made on March 16, when 500,000 shares were acquired at 34.9 cents each. This brings Pan United’s cumulative buyback to around 4.1 million sh...

PhillipCapital analyst Terence Chua has kept his “buy” recommendation on Pan-United Corporation as the company’s earnings for the FY2021 ended December stood above expectations. On the back of the higher earnings, Chua has also upped his earnings estimates for the FY2022 by 11%. “[This is]...

CONCRETE and cement provider Pan-United Corporation should see earnings pick up in FY2022 amid a recovery in the construction sector, said Phillip Securities Research.

Pan-United Corp announced a net profit of $18.7 million in FY2021, for the 12 months to Dec 31, a marked improvement on the $1m million in net profit in FY2020. up from $1.0 million in FY20. Revenue rose 45% y-o-y, to $586.9 million, on the back of a recovery in the company’s Concrete and Cement w...