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Berjaya Research has assigned NWE Resources Group Bhd a fair value of 29 sen per share, implying 48.8% potential upside from its IPO price, supported by the group’s diversified business model and planned expansion in product development and in-house manufacturing.
The research house valued NWE at 12 times FY2028 forecast core earnings per share of 2.4 sen, a multiple it said is broadly in line with selected Bursa Malaysia-listed peers involved in health food and personal care product distribution
📊 NWE Resources Group Berhad IPO Analysis (RM0.20 per share)
Is NWE Resources just an established hotel amenity supplier, or can its IPO-funded shift into health-food formulation and R&D create a scalable consumer growth story?
In our latest video analysis, we break down NWE Resources Group Berhad's prospectus ahead of its ACE Market listing:
🔹 Core Business: Hospitality amenitie
