paktua73

Swift Energy Technology Berhad (SETB)


Ongoing Projects and Recent Developments:

Renewable Energy Initiatives:

- SETB has been actively involved in delivering solar PV systems for industrial clients in Malaysia and the surrounding region.
- The company has also developed hybrid energy solutions that integrate solar power with backup systems to meet the specific energy needs of factories and processing plants.

International Expansion:

- SETB plans to establish operations in Indonesia by the second quarter of 2025 to expand after-sales technical services, leveraging its existing customer base in the country.

- Additionally, the company is exploring opportunities in the United Arab Emirates (UAE) and Qatar, aiming to increase export growth from the current 60% to 80% post-IPO.

Swift Energy Technology Berhad

Financial Projections for 2025:

Revenue and Earnings Growth:

- Analysts project a three-year earnings compound annual growth rate (CAGR) of 18.1% for SETB, with core profit after tax (PAT) expected to reach RM15.3 million in FY2024 and RM17.9 million in FY2025.

- This growth is anticipated to be driven by the adoption of renewable energy in the O&G industry, government initiatives like the National Energy Transition Roadmap (NETR), and the strategic expansion of the company's fabrication facility in Shah Alam.

Valuation:
-Based on a price-to-earnings (P/E) ratio of 28 times.
- Analysts have assigned a fair value of RM0.53 per share for SETB
- Indicating a significant upside from the IPO price of RM0.28.
- This valuation reflects confidence in the company's growth prospects and strategic initiatives.


tut tut
continue

2 days ago

paktua73

Swift Energy Technology Berhad (SETB)

- Specializing in industrial automation and power systems, with a focus on process control, Ex solar photovoltaic (PV) systems, and power distribution.

- The company serves various industries, including oil and gas, grain products, edible oils, and food manufacturing, across multiple regions such as the Asia-Pacific, Middle East, Africa, and Europe.

As of now, specific details regarding the total number and value of project awards currently in hand for SETB are not publicly available.

- However, it's noteworthy that the company has recently secured contracts to supply solar power systems for :-

- Sapura Energy's Hess Teratai & Dahlia projects, with deliveries scheduled for 2023.

Financially, SETB has demonstrated significant growth.

- The company's revenue increased from RM56.1 million in FY2021 to RM92.4 million in FY2023, representing a compound annual growth rate (CAGR) of 28.3%.

- Additionally, the profit after tax margin rose from 6.5% in FY2021 to 14.3% in the nine-month financial period ended September 30, 2024.

tut tut
continue..

2 days ago

paktua73

Swift Energy posts RM5.18mil net profit, RM29.3mil revenue in Q4

- Swift Energy Technology Bhd registered a net profit of RM5.18 million and revenue of RM29.3 million for the fourth quarter ended Sept 30, 2024 (4Q24).

- The company said its manufacturing segment remained the key driver of its business, contributing 75.11 per cent of the total revenue.

- The Malaysian market was the largest revenue contributor, accounting for 35.84 per cent of total revenue during the quarter.   

- As a result, Swift Energy recorded an earnings per share of 0.69 sen for the quarter.

- For the cumulative period of financial year 2024 (FY24), Swift Energy's net profit increased to RM16.85 million from RM11.95 million a year ago, while revenue rose to RM110.75 million from RM92.43 million previously.

- Commenting on the results, chief executive officer Tan Bin Chee said the performance in FY24 underscores the effectiveness of its strategic initiatives and commitment to delivering value to its stakeholders.

- He added that the company's strength lies in its ability to innovate and adapt to industry demands, backed by its IECEx-certified Ex solar PV modules.
"Our strategic collaborations with global technological leaders like Siemens further amplify our capabilities and market position.
  
"As we continue to leverage these competitive advantages, we are well-positioned to capitalise on global trends in industrial automation and renewable energy, driving sustainable growth and innovation,"
he said in a separate statement.

- Swift Energy remains optimistic about the future, supported by several key industry trends. 
It said the increasing global demand for efficiency, sustainability, and innovation is driving adoption of advanced technologies such as Internet of Things-enabled systems and energy-efficient solutions.


tut tut
continue

2 days ago

paktua73

summary review:

Swift Energy Technology Berhad

Financial Performance:

Fourth Quarter FY2024:
  - Revenue: RM29.3 million, with the manufacturing segment contributing approximately 75.11%.

  Profit After Tax (PAT):
RM5.35 million.

 Gross Profit Margin:
48.26%.

  Primary Market:
- Malaysia, accounting for 35.84% of total revenue.

Full Year FY2024:
  Revenue:
- Increased by 19.82% to RM110.75 million from RM92.43 million in FY2023.
  Manufacturing Segment Contribution:
- 79.22% of total revenue.

  Engineering Services Segment Contribution:
- 6.52% of total revenue.

  Gross Profit Margin:
- Improved to 42.35% from 40.29% in FY2023.

  PAT:
- Increased by 39.61% to RM17.03 million from RM12.20 million in FY2023.

Valuation:

The IPO is priced at RM0.28 per share,
- equating to a trailing PER of 23.9 times based on FY2023 core earnings per share.
- Analysts have assigned a fair value of RM0.53 per share,
- suggesting an 89.3% upside from the IPO price, based on a PER of 18 times projected earnings.

Growth Prospects:

Swift Energy is optimistic about future growth, driven by:

Global Demand:
- Increasing need for efficiency, sustainability, and innovation, leading to the adoption of advanced technologies like IoT-enabled systems and energy-efficient solutions.

Decarbonisation Efforts:

- Accelerated adoption of solar photovoltaic systems and other green technologies, supported by government policies and subsidies.

Regional Opportunities:

- Rapid industrialisation and urbanisation in the Asia-Pacific region, focusing on clean energy transitions, present significant growth opportunities, particularly in emerging markets.

Conclusion:

Swift Energy Technology Berhad has demonstrated strong financial performance with significant revenue and profit growth in FY2024.
- The company's strategic focus on industrial automation and renewable energy positions it well to capitalise on global industry trends, potentially offering substantial value to investors.




tut tut
finish.

2 days ago

mf

target 0.420

2 days ago

mf

Swift Energy Technology Berhad is primarily engaged in the provision of industrial automation and power systems, focusing on process control, solar photovoltaic (Ex solar PV) solutions, and power distribution. The company primarily serves customers in the oil and gas sector, as well as industries related to grain products, edible oils, and food manufacturing. In addition to these core activities, Swift Energy supplies related products and services, including the distribution of power and industrial electrical products, along with technical services for process control and power distribution systems. Swift Energy was incorporated in 2022 and headquartered in Kuala Lumpur, Malaysia.

2 days ago

mf

Here are some of Swift Energy Technology Berhad's (SETB) peers:
PETDAG, BLDPLNT, DLADY, ALLIANZ, SUNCON, PCHEM, GCB, ABMB, KESM, and BKAWAN.

2 days ago

paktua73

SET (Swift Energy Technology Berhad)
sector: ?
subsector:?
IPO Date :8hb Jan 2025
Current Nosh :1.8B
IPO Price : rm0.28
current price : rm0.?
(at 8hb Jan 25)

T-7 = 16hb Jan 25
T-14 = 28hb Jan 25

P-23 = 13hb Feb 25
P-34 = 28hb Feb 25
P-47 = 20hb March 25
P-54 = 3hb April 25

RP Projection for SET.

RP Range base ipo rm0.28
RP+80=rm0.32
RP+120=rm0.34
RP+180=rm0.37
RP+240=rm0.40
RP+300=rm0.43
RP+450=rm0.505
RP+600=rm0.58
RP+750=rm0.655
RP+900=rm0.73

base on paktua experience..
paktua will set for first Rally trend at RP+300=rm0.43.

if can stand on above rm0.43 consider good..
if below RP+120 consider not suitable for swing player..


tut tut
for now paktua set RP+600 as S-Game destination.

2 days ago

paktua73

morning..
today SET official born in ACE market..
let see how market welcome him..


tut tut
frankly paktua not pick SET as swing pick due to ipo fund located to repayment plan..
even fa is good..

1 day ago

Stocks888

Buy or Sell ? Haha

1 day ago

Stocks888

I think will drop to 0.325

1 day ago

NXTKizuna

Wanna collect at 0.325?

1 day ago

paktua73

frankly for paktua if 1st day not quite High and not break RP+180
and above RP+80 consider good..
sebab with NOSH quite big..can say smart move by proxy.


tut tut
still early let see after morning season..

1 day ago

mf

target 0.480

1 day ago

Stocks888

Wah! Nasib Baik Ada beli kat 0.34 800 lots…

1 day ago

Stocks888

Sold 0.375 … tqtq bye bye

1 day ago

paktua73

great break dah RP+180..


next level is RP+240

let see how..

tut tut
paktua not swing here yer

1 day ago

necessity

@paktua73
'frankly for paktua if 1st day not quite High and not break RP+180
and above RP+80 consider good..'

totally agreed.

1 day ago

Zachzach

Bought 0.335

Tp is 0.6?

1 day ago

BE_GREEEEEDY

ALL SET
50 sen closing
don't be POND*N💪

1 day ago

Zachzach

will keep till 0.6 !

1 day ago

NXTKizuna

How to buy that low Mr Zach got tips meh?🤣

1 day ago

DreamKaiser

Swift Energy surges 29% on ACE Market debut in 2025's first listing
Anis Hazim & Yu Jien Lim theedgemalaysia.com
08 Jan 2025, 09:31 am
Updated 10:05 am

https://theedgemalaysia.com/node/740209

1 day ago

OKU_2020

losing steam n KAPUT-ING

1 day ago

xuxu

wow luckily the boat can wait to fetch me hehe

1 day ago

Zachzach

break 0.4 on first day..see u on 2nd day !!

1 day ago

necessity

see u all on 2nd day ride gentlement...what a good start👍

1 day ago

Zachzach

one week sure hot one...3 million for stock volume !!

1 day ago

Zachzach

whoever have bought today very lucky..just enhoy one week then maybe sell if reach 0.6 !

1 day ago

DreamKaiser

Newly-listed Swift Energy attracts analyst coverage projecting sharp earnings growth
Luqman Amin/theedgemalaysia.com
08 Jan 2025, 02:03 pm

https://theedgemalaysia.com/node/740238

1 day ago

HugoUPUPUP

Betul boleh ke 60 sen? Buy some at 0.36,when can sell?Will this like kenergy can shot up to rm1?

1 day ago

Zachzach

Follow kenanga tp now
Tp : 0.6

1 day ago

Zachzach

Breaking 0.42 now

14 hours ago

paktua73

morning..
SET now im 2nd trading day..above RP+240..
headed to RP+300..

tut tut
its good sign..

14 hours ago

MikeyChan

Start pulling back. Time to go in

13 hours ago

Zachzach

Yeah buy buy before it fly

12 hours ago

paktua73

if not break rm0.42 on this week..
then SET possible rally range between rm0.34 to rm0.42
mybe for quite sometimes on this cycle (rm0.34-rm.0.42)


tut tut
paktua not yet swing here
more to CBH(0339) on 16hb Jan 25.

12 hours ago

paktua73

frankly review base on swing trader..
as swing trader or short terms players..
one thing we will take note is
how IPO will located..
main position need to see is repayment loan..
jika ia ada ini akan beri tekanan sikit pada rally share price
untuk short term period..
but for long terms is really good.

so untuk Short period mybe not quite interactive for big boy joined in..
need see good news from boards management SET to boost up interests


tut tut
so not quite interactive for big money joined untuk short term trade..

12 hours ago

necessity

many concern is about repayment loan..
but for me, the repayment is spot on, based on future interest rate for new expansion.
the estimation projection based on 70m target capital gain for the ipo.
the launching hit over 80M btw..
SET capital allocation is on track.
its a good prospect sign

11 hours ago

Acaphasim96

in paktua73 we trust

11 hours ago

paktua73

great SET manage break rm0.42..


tut tut
its good rally if hit rm0.45 then welcome rm0.53

8 hours ago

paktua73

simple if use RP method
RP projection

RP Range base ipo rm0.28
RP+80=rm0.32
RP+120=rm0.34
RP+180=rm0.37
RP+240=rm0.40
RP+300=rm0.43
RP+450=rm0.505
RP+600=rm0.58
RP+750=rm0.655
RP+900=rm0.73

now SET manage hit RP+300 on 2nd day..
base on trend this is good sign..
aslong not break back RP+180..
SET possible will reach RP+600.


tut tut
RP never lie only how to apply..
and..how set-up his poit to point..

8 hours ago

Zachzach

Break 0.43 but turn back
Hope tomorrow can jump over 0.45

As we all know
Market sentiment really bad yeaterday and today
Hoping GREEN for tomorrow

7 hours ago

paktua73

for all who follow paktua update on IPO RP update
Make sure 15hb Jan 25 take profit partially..
base on RP projection SET now hit RP+300..
its good sign to reach RP+450 max RP+600..

16hb new ipo will release its will has some impact for SET rally..
who pick as mid term play minimum 6 month can set RP+900.
no short term profit guarantee yer..
all need some time..


tut tut
momentum its good need break RP+300 tomorrow..
then we will see rm0.50

7 hours ago

mf

sell

7 hours ago

Zachzach

Tq paktua

Whats new ipo 16hb?

6 hours ago

paktua73

CBH lebih kurang sama dgm SET cuma lebih menarik
FA dia..


tut tut
paktua dah shre basic info in CBHB forum yer

6 hours ago

Zachzach

Okok tq paktua

5 hours ago

HugoUPUPUP

Tomorrow need to hold or sell?

1 hour ago

Zachzach

Hold bro
Tp still long way la

1 hour ago