0649 GMT - Pan-United's margins are likely to remain intact despite higher operating costs, as the Singapore building-materials company can pass through inflationary costs to customers, says CGS International's Natalie Ong in a note. The majority of its contracts are based on variable or indexed prices, allowing Pan-United to raise average selling prices and giving it an edge over peers whose contract prices are largely fixed, she says. The company's net cash is likely to stay healthy and support an estimated 60% payout ratio for 2026, the analyst adds. CGSI raises its target price to S$1.85 from S$1.55 and maintains an add rating. Shares rise 0.7% to S$1.48. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 05, 2026 02:50 ET (06:50 GMT)
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