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Be preferred to A for PANTECH-WA

The share price of Pantech Group Holdings Berhad (Pantech) had held up relatively well this year despite the weakness in the general equity market due to the uncertainty before and after the general election as well the lacklustre equity market performance worldwide.  This could be attributed to the recovery in oil price which has been instrumental in charting a significant recovery in earnings for the group.  While the price of mother share remained at about the same level compared with a year ago, the company warrants of Pantech had not been faring as well with both PANTECH-WA and PANTECH-WB suffering drops of 18% and 28% respectively over the last 52 weeks.

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