Highlights

Xiaoqing88 Blog

Author: xiaoqing88   |   Latest post: Wed, 12 Aug 2020, 9:25 AM

 

PWRWELL (0217) - Construction Resumes With Safety Measures

Author:   |    Publish date:


 

RSI & MACD showing uptrend.

 

All Pwrwell needs now is one big volume and break the resistance of 0.27. 

 

If the resistance broke, it will fly to 0.29 and 0.33. 

 

If you buy at the support 0.235, the upside & risk rewards is very good. 

 

If you're goreng construction theme, and forgot this GEM..You will be missed this golden opportunity. 

 

 

Lets recap what is Pwrwell actually doing.

 

Improving demand for electricity distribution products boosted by increasing construction activities in FY2020 bodes well for Powerwell Holdings Bhd (“PWRWELL”). PWRWELL is making its debut on the ACE Market today and we recommend a BUY with a target price of RM0.33 based on 14.4x PER FY20 as per the Bursa Malaysia Industrial Production Index.

PWRWELL is primarily involved in the design, manufacturing and trading of electricity distribution products, comprising of low voltage (“LV”) switchboards, medium voltage (“MV”) switchgears and related products. With over 25 years of experience, PWRWELL is wellrecognised supplying to main contractors, mechanical and electrical players, EPCC companies for various developments. Bulk of the revenue (~58% in FY18) is derived from Malaysia along with strong presence in regional markets such as Vietnam, Bangladesh and Indonesia. PWRWELL is the authorised partner with Siemens and Schneider in manufacturing and selling switchboard and switchgear products.

47% or RM10.3m of the IPO proceeds will be utilised for capital expenditure to purchase and upgrade machinery and equipment in addition to enhance enterprise resource planning system and hardware. PWRWELL also intends to develop its own “Powerwell” branded MV switchgear where the initial preparation has started in May 2018. To increase competency, RM3.9m is allocated for certification expenditure to obtain International Electrotechnical Commission standards-compliant certifications on additional products including the “Powerwell” branded MV switchgear.

Meanwhile, RM3.6m will be used for working capital while the remaining is for listing expenses. Management plans to expand their business into refurbishment projects as they see opportunities arise from the segment in present Malaysia Market.

As at 30 Sept 2019, the group has an orderbook of RM52.8m to be recognised in 24 months. Balance sheet is healthy with net cash of RM13.8m. Moving forward, we expect PWRWELL’s earnings to be supported by gradual enhancement of local construction activities which will in turn increase the demand for electricity distribution products.

 

Share this
Labels: PWRWELL

Related Stocks

Chart Stock Name Last Change Volume 
PWRWELL 0.265 0.00 (0.00%) 7,576,700 

  Be the first to like this.
 
alphajack By the time it even run to 28c Howah Genting ready over 30c. Slow.
23/04/2020 7:52 PM
limitupupup dead counter, put money inside fd is better
23/04/2020 8:59 PM
KAQ4468 Aiyaaaaa
23/04/2020 11:43 PM
24/04/2020 4:26 PM
diehardunited No need power supply parts during the crisis. Even after the MCO, the pace of orders will be slow!

Better switch to this stock below. More contracts more a spike rally in the share price!
https://klse.i3investor.com/m/blog/fatprofitstock/2020-04-25-story-h1506132918-FORGET_GLOVE_RELATED_PLAY_THIS_STOCK_CAN_RALLY_A_SPIKE_EVEN_MORE.jsp
25/04/2020 7:00 AM
baby snake Aim closing 0.32 ka?
27/04/2020 3:03 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

529  557  546  538 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 KANGER 0.185+0.005 
 AT 0.200.00 
 BINTAI 0.795+0.10 
 KGROUP 0.060.00 
 MTRONIC 0.115+0.005 
 ASIABIO-OR 0.015+0.005 
 IRIS 0.36+0.005 
 VIVOCOM 1.01+0.205 
 FINTEC 0.105+0.01 
 SOLUTN 1.27+0.15 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Should we buy Top Glove since it has been plunging due its 28 factories shut down? Koon Yew Yin Koon Yew Yin's Blog
2. Jaks Resources - Jaks Hai Duong Power Plant Achieved Commercial Operation Date (COD) !!! DK
3. VIVOCOM: End of Day Report (26 Nov 2020) See Jovin
4. TOP 10 INTERESTING STOCKS WITH COMMENTS BY CALVIN TAN RESEARCH THE INVESTMENT APPROACH OF CALVIN TAN
5. Kelington Group Berhad ("KGB") - Above Expectations (TP: RM2.30; +35% upside) by Kenanga Research Investment Ideas - Value and Growth
6. 【Growth成长股】AWC Berhad (7579) – Benefit from Strong Order Book Amounted Close to RM1Bil Sanitize and Disinfection Healthcare Stocks
7. TOP GLOVE LOCKDOWN AND SUPERMAX SHARE PRICE The way I see it
8. How can you retire with RM2mil cash in Malaysia? Ant On The Street Blog
PARTNERS & BROKERS