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Almost all of Pentamaster Corp Bhd (7160 BSKL)profit come from 63% owned subsidiary Pentamaster International Limited(1665 HKSE) that is listed in HKSE. Pentamaster International (1665.HK) is only traded at forward PE below 8X.
Who know Penta business inside out? Who are in possession of the latest development in Penta? The parent company Penta Berhad, of course!
So what do parent do when the child is unreasonably underappreciated? They mop up Pentamaster International (1665.HK) shares!
Local news report on recent share purchase by the parent company:

首页 > 港股频道 > 正文
槟杰科达涨逾4% 获股东连续两日增持合计806万股
2019年07月05日 15:57
根据港交所权益资料显示,槟杰科达获Pentamaster Corporation Berhad于7月2日在场内以每股平均价0.8795港元增持约246万股,涉资约216.36万港元;于7月3日以每股均价0.9187港元增持560万股,总价约514.47万港元。
经过连续两日增持后,Pentamaster Corporation的最新持股比例由63.10%升至63.60%。

Share price breakout! Advancing toward all time high with high volume..............

Not sure if anyone interested in Hong Kong stock. So I better stop here. Let me know if I should continue with part 2.

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