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Pan-United’s remaining bright spot

Broker's Calls

Pan-United’s remaining bright spot

Benjamin Cher Published on Tue, Sep 27, 2016 / 11:09 AM GMT+8

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SINGAPORE (27 Sept): Pan-United Corporation still has a bright spot in its port division among its three core businesses according to OCBC Investment Research.

The basic building resources division, which makes up 30% market share of Singapore’s ready-mixed concrete and cement, faces a challenging outlook amid a slowdown in construction activity.

Its shipping division, specialising in transporting bulk cargoes, also posted a $2.2 million loss in 1H16 due to lower vessel utilisation.

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