PAN-UNITED CORPORATION Reports 6.5% Revenue Increase in 2nd Quarter of FY2023
August 21, 2023
☀️Earnings Overview
PAN-UNITED CORPORATION ($SGX:P52) reported total revenue of SGD 360.2 million for the second quarter of FY2023, a 6.5% increase from the same period in the prior year. In addition, net income grew 17.8% year-over-year to SGD 15.9 million as of June 30, 2023.
Analysis
GoodWhale has conducted an analysis of PAN-UNITED CORPORATION‘s financials and found that the company is assessed as having medium risk when it comes to investing in the company. GoodWhale has identified two risk warnings in the income sheet and balance sheet, and these can be seen by registered users. This provides an indication of the company’s current state of affairs and can help investors make an informed decision about whether or not to invest. In addition, GoodWhale’s analysis of the financials offers investors a detailed understanding of the company’s performance, helping them to decide if PAN-UNITED CORPORATION is a suitable investment for them or not. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pan-united Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 726.09 | 25.75 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pan-united Corporation. More…
| Operations | Investing | Financing |
| 43.08 | -9.89 | -25.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pan-united Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 420.15 | 196.55 | 0.31 |
Key Ratios Snapshot
Some of the financial key ratios for Pan-united Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 12.5% | 5.0% |
| FCF Margin | ROE | ROA |
| 3.7% | 10.6% | 5.4% |
Peers
The construction industry in Asia is highly competitive. Pan-United Corp Ltd, a Singapore-based company, is one of the leading construction companies in the region. The company has a strong presence in Singapore, Malaysia, Indonesia, and Thailand. The company’s main competitors are Vicat SA, PT Indocement Tunggal Prakarsa Tbk, and Siam City Cement PCL.
– Vicat SA ($LTS:0MGJ)
Vicat SA is a French cement manufacturer with a market cap of 1.04 billion as of 2022. The company has a return on equity of 8.76%. Vicat produces cement, concrete, and aggregates, and is one of the leading producers of these materials in France. The company also has operations in other countries in Europe, Africa, and Asia.
– PT Indocement Tunggal Prakarsa Tbk ($IDX:INTP)
PT Indocement Tunggal Prakarsa Tbk is one of the largest cement producers in Indonesia. The company has a market cap of 35.19T as of 2022 and a Return on Equity of 6.54%. Indocement is the second-largest cement producer in Indonesia behind Semen Indonesia. The company has a wide range of products, including Portland cement, masonry cement, and ready-mix concrete. It also has a wide geographical presence, with operations in Indonesia, Malaysia, Vietnam, Cambodia, and Pakistan.
– Siam City Cement PCL ($SET:SCCC)
Siam City Cement is one of Thailand’s largest cement producers with a market cap of 44.4 billion as of 2022. The company has a return on equity of 10.03%. Siam City Cement is a leading producer of cement and concrete in Thailand and operates a nationwide network of plants and terminals. The company also produces ready-mixed concrete, construction materials, and other building products.
Summary
PAN-UNITED CORPORATION reported a strong second quarter financial performance for FY2023, with total revenue reaching SGD 360.2 million, a 6.5% increase from the same period last year, and net income growing 17.8% year-over-year to SGD 15.9 million. Investors may be encouraged by the company’s impressive year-over-year growth, especially as it stands out among its peers in the sector. The outlook for PAN-UNITED CORPORATION appears optimistic, and investors may want to consider the company’s potential in the coming years.
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