PublicInvest Research

TECHNICAL BUY: PA (7225)

PublicInvest
Publish date: Mon, 23 Dec 2024, 08:44 AM
PublicInvest
0 11,445
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: PA

Key Technical Analysis
Last closing price: RM0.270
Support Level Share Price Resistance Level Share Price
1st Support 0.265 1st Resistance 0.285
2nd Support 0.250 2nd Resistance 0.300
3rd Support 0.235 3rd Resistance 0.310

Description

PA engages in upstream activities by casting billets, midstream activities by extruding aluminium profiles, and downstream activities with fabrication and surface finishing facilities.

Fundamentals

Malaysia's aluminium extrusion sector is set for strong growth, driven by rising demand in renewable energy. With the global shift toward sustainable energy solutions, the Group is well positioned to support key industries like solar and energy storage.

Key Financial Data
Growth / Ratio FY22 FY23 FY24
Revenue growth (%) 46.71 12.21 22.35
Normalised net income growth (%) 38.22 -27.39 44.98
Return on equity (%) 21.73 12.49 15.32
Return on asset (%) 18.95 11.09 14.02
Price earnings ratio (x) 7.83 11.64 12.42
Price to book ratio (x) 1.68 1.36 1.80
Debt to equity ratio (%) 9.39 2.00 3.72

Source: PublicInvest Research - 23 Dec 2024

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