BWYS Group Bhd (BWYS) is mainly engaged in the manufacturing and supply of sheet metal products, scaffoldings and other steel related products.
The IPO entails a public issue of 356.3mn new ordinary shares and an offer for sale at an IPO price of RM0.22/share, which accounts for 34.8% of the group’s enlarged issued share capital.
1. Well-established track record with strong business footprint across Malaysia,
2. Robust client base with diversified product offerings; and
3. Resilient brand equity.
At an IPO price of RM0.22/share, BWYS is priced at a trailing PER of 19.2x FY23 core EPS. We value the company at 11x CY25 EPS, arriving at a fair value of RM0.27/share. Not Rated.
Source: TA Research - 4 Jul 2024
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Created by sectoranalyst | Aug 26, 2024