Kawan Renergy targets RM100mil revenue this year TheStar Thu, May 30, 2024 12:00am - 15 hours
(From left): Kawan Renergy Bhd independent non-executive director Ngoi Evon, Kawan Renergy executive director Chong Hon Choong, Kawan Renergy executive director Heng Siew Aun, Kawan Renergy managing director Lim Thou Lai, Kawan Renergy chairman Dr Chuah Chaw Teo, Kawan Renergy independent non-executive director Liew Li Ping, M&A Securities Sdn Bhd managing director Datuk Bill Tan, Bursa Malaysia Bhd director of corporate strategy Aina Zahari, and M&A Securities head of corporate finance Gary Ting at the listing ceremony yesterday.
KUALA LUMPUR: Kawan Renergy Bhd, which made a strong debut on the ACE Market, targets to achieve RM100mil in revenue this year.
Managing director Lim Thou Lai said the growth would be driven by renewable energy (RE), which is one of the group’s business segments.
The group is also optimistic in expecting a double-digit growth in its gross profit margins as it is focusing on acquiring high-yield job orders to provide better margins, Lim added.
This is a small timer electrical engineering company big renewable energy wannabe but will forever remain a small timer electrical engineering company.
If you dont cut loss into this speculative wrong perception, it will go back to 0.40s to stay there forever.
It will close aroubd 0.615 today for a shooting star false breakout top reversal n trend lower to settle below 0.50 n you will get stuck at 0.60 - 0.70 forever. Stay away.
It is said to be unstainable based on the conviction by the chartists. According to them ,you could get stuck at 70 and become a long term investor for life.....
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gunter
191 posts
Posted by gunter > 2024-05-17 18:10 | Report Abuse
Kawan Renergy's 27.5 mil IPO shares for public oversubscribed by 95 times
https://theedgemalaysia.com/node/712064
2-3x on listing day boleh?