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It was torpedoed by shares holders of Pantech who got free 1 Pglobal share every 25 Pantech shares. But anyway, this company’s business is good even the 25% Trump tax will hardly affect it as everyone got taxed. The key is how fast USA oil & gas industry new projects will be which will benefit Pglobal much. Wait and see.
Positive free cash flow is always the key for a sustainable dividend and be considered a business which makes money. Based on MYEG's 4Q 24 report, its balance sheet item 'Development Costs' ballooned to RM1.8 billion. Free cash flow was negative at RM-50 million. Paid out dividend RM144 million while Sukuk draw down RM425 million. What shall all these numbers mean?
Trump's policy eg. selling LNG to Japan & India, together with his proposed tariff on Petro products imported from Canada, all pointing to booming ahead for US oil&gas industry. As US is the major market for Pantech Global, it's safe to say that Pantech Global's sales to US will be good ahead.
Kucingko gave major shareholders both Mr. Ooi Kok Hong 2,500,000 shares for RM1 and Mr. See Chin Joo 2,500,000 shares for RM1 just one month after listing. It's under LTIP scheme and Mr. Ooi Kok Hong is the Chairman of the LTIP committee which was tasked to decide who get the LTIP shares and for not price. It shall give a lot of thought on this kind of practice. Is it a conflict of interest? acceptable corporate practice?