Analyst Natalie Ong of CGS-CIMB reiterated a Buy rating on Pan-United Corporation Ltd. (P52 – Research Report), with a price target of S$0.82.
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Natalie Ong has given her Buy rating due to a combination of factors that highlight Pan-United Corporation Ltd.’s strong market position and growth potential. The company is poised to benefit from an anticipated increase in construction demand in Singapore, particularly in institutional and civil engineering projects, which are expected to grow significantly in the coming years. This sector is projected to account for a larger share of the construction demand, and Pan-United’s expertise in this area positions it well to capture these opportunities.
Additionally, Pan-United’s commitment to sustainability through its low-carbon concrete solutions further strengthens its competitive edge. The company’s proactive approach in offering environmentally friendly products aligns with the increasing societal focus on sustainability, potentially boosting its market share. Furthermore, the company’s financial outlook is positive, with expected revenue growth and improved earnings per share, driven by higher sales volumes and favorable project mixes. These factors collectively support Natalie Ong’s Buy rating for Pan-United Corporation Ltd.
According to TipRanks, Ong is a 2-star analyst with an average return of 0.3% and a 55.56% success rate.