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Overview
Financial Highlight
Headlines
Business Background Powerwell provides services in power
distribution management. The company offers comprehensive product and service solutions from the product development level to power distribution design.   thesteward https://www.forbes.com/sites/oliviergarret/2020/08/12/if-biden-wins-solar-stocks-could-go-ballistic/ 08/11/2020 8:06 AM SlayerZ Harini ini kita kasi power kepada powerwell. KPower + Powerwell are both power. 25/11/2020 1:15 AM Jimmy Song Shah Alam, 24 November 2020 – Powerwell Holdings Bhd (“Powerwell” or the “Group”), today announced its third quarter results for the financial year ending 31 March 2021. Powerwell registered a revenue and profit before tax (“PBT”) of RM25.4 million and RM2.3 million respectively as compared to a revenue of RM11.6 million and loss before tax of RM3.4 million in the preceding quarter. This was due to the increase in number of projects delivered and higher average project value as the Group’s operations returned to normal with the Malaysian and Vietnamese governments gradually relaxed the movement restrictions and social distancing measures imposed to help curb the spread of the COVID-19 pandemic. For the nine-months financial period ended 30 September (“FPE”) 2020, Powerwell registered a revenue and loss before tax of RM55.2 million and RM3.6 million respectively as compared to revenue and PBT of RM66.4 million and RM10.7 million for the FPE 2019. The losses during FPE 2020 was attributable to a one-off listing expense of RM4.5 million where RM4.2 million was charged out in the first quarter of 2020 as well as lower number of projects delivered and fixed cost that continued to be incurred due to the COVID-19 pandemic. Excluding the listing expense, the PBT would have been RM0.6 million. Powerwell’s Executive Director, Ricky Lee, said that the Group remains cautious of the current economic situation but believes that the Group is resilient to face any downturn that might occur with various measures implemented to ensure minimal disruptions to projects’ timelines, payments and business operations. He added, “We recently secured multiple contracts worth RM21.7 million which brought our outstanding order book to RM74.7 million (as at 31 October 2020). This will provide earnings visibility for Powerwell until 2021. With the gradual lifting of social distancing measures and resumption of the government infrastructure projects, we believe we can replenish our order book to deliver sustainable earnings for our shareholders.” 25/11/2020 10:07 AM Realinvest Technical can not believe one lar..yesterday got hammer today how? Drop like hell.. If 2moro down also becuz of budget uncertainty.. 26/11/2020 3:24 AM rp88 Anyone know what’s happening to this counter and hope will make a move soon %%%% 04/12/2020 2:12 PM joni Sharks quietly collecting and crossing but above 30c only will catch retailers attention 06/12/2020 10:12 AM Selina888 Highly boring counter........only once in a blue moon, it spring up. Maybe tomorrow? Who knows. 23/12/2020 10:05 PM joni year end still below 30sen ; MD no power no control of share price investor lari kuat kuat 29/12/2020 3:32 PM  |
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