In her report, Lim notes that Pan United's revenue rose 22% y-o-y on the back of sector recovery and a steeper climb in ready mixed concrete average selling price (ASP) by approximately 18%.
Analysts from SAC Capital and PhillipCapital are remaining positive on Pan United's prospects after the company reported revenue of $338 million and net profit of $13 million for the 1HFY2022 ended June.
SAC Capital analyst Lim Shu Rong has kept a “buy” rating on Pan United with an unchanged target price of 53 cents, as Pan United's half-year results stood in line with her expectations.
