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Malacca Securities values POWER at a fair value of RM0.42 per share, based on a 22.3x FY2026F P/E multiple and projected EPS of 1.87 sen, implying an upside potential of 20% from the IPO price of RM0.35.
Good to know about BRAVAT and Infinity, that definitely adds some diversification to their product line. It’ll be interesting to see how those brands perform and contribute to the overall financials.
Advancecon Holdings Bhd's wholly-owned subsidiary Advancecon Infra Sdn Bhd has accepted two contracts from Sime Darby Property (Bukit Raja) Sdn Bhd valued at a combined RM25.14mil for earthworks and other related works at Bandar Bukit Raja 2 in Klang, Selangor.
At the IPO price of RM0.35, Powertechnic is valued at a modest FY2024 P/E multiple of approximately 10.8x, based on normalised earnings of RM6.3 million. This places it at a discount to regional peers in the industrial equipment space that trade between 14x–18x forward earnings.