Powerwell has more than 38 years of experience in power distribution business and has strong business relationship with Siemens and Schneider. They could benefit from the booming data center, utilities (RE) and infrastructure projects.
We believe their orderbook of c.RM70m and tenderbook of more than RM280m could sustain them for 1-2 years. Also, the net cash and dividend payout recently will be attractive for long term investors.
…and Utilities sectors. With the slowdown in shopping malls in Malaysia, there will be growth in the Utilities sector such as the water and sewerage segments where Powerwell could have an edge.
Source: Mplus Research - 20 Mar 2024
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