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Powertechnic is based in Kulai, within the Johor-Singapore Special Economic Zone (JSSEZ). This strategic location puts the company in a good spot to tap into the region’s rapid growth, driven by new cross-border investments and expanding manufacturing activities
Tmr last day to apply, could be potential IPO stock with PE ratio 17.28x (based on FYE2024).
-The Group also has effectively managed its loans and borrowings across both non-current and current liabilities, reporting total equity of RM14.62 million and total liabilities of RM27.00 million for FYE2024.
-The Group’s business stands to benefit from the New Industrial Master Plan 2030 (NIMP 2030), which aims to enhance Malaysia’s manufacturing value-added.
80% of Power annual revenue in the past two years came from provision of lifting systems while maintenance, repair and related services account for the rest with a net profit of RM6.3 million on revenue of RM40 million in the 12 months ended June 2024.
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.
