Pentamaster International 1665

Pentamaster International 1665

Postby winston » Fri Nov 22, 2019 9:00 am

not vested

Pentamaster International (1665 HK)
Profit Growth On Track Despite Lower Top-line Growth


We conducted a post 3Q19 results update with Pentamaster International’s management.

Given the issue of engineer shortage, Pentamaster is set to take the following measures – cherry-picking high-margin projects, implementing new employee incentive scheme, and acquiring tech companies with ample engineers.

As such, we slightly lower our revenue and profit forecasts.

Target price is lowered to HK$2.82, pegging to 15x 2020F PE.

Maintain BUY.

Source: UOBKH

https://research.uobkayhian.com/content ... fc5932d323
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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