Thursday, January 27, 2011

Bought PANTECH Warrant

After losing six days in a row, finally KLCI is back to green today to close at 1526.96, UP 6.96 points.

Shopped at Bursa today but only managed to buy Pantech WA at RM0.405 but it closed at RM0.395.

Meanwhile, PANTECH announced their Q3 financial report to Bursa today.  It posted net profit of RM6 mil, down 47% from RM11 mil from previous corresponding quarter.

Revenue was down by 18% from RM92 mil to RM75 mil and EPS down from 2.62 sen to 1.38 sen

The weaker financial performance was due to higher material costs and weakening US$.

Probably will buy more Pantech WA tomorrow if it drop again.

Also placed some order on PJDEV WC, BJCORP, MPHB and TA but failed to get any of them. Will try again tomorrow.

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