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The stock closed its maiden trading day up 285.7% or RM1.80 higher at RM2.43 a share. The share price hit a high of RM2.95 and a low of RM2 in intraday trade. Oppstar’s listing did not have an offer for sale of shares from its shareholders.
15.3.2023
KUALA LUMPUR: Powerwell Holdings Bhd is expected to deliver robust earnings growth over the next few years, underpinned by rising demand from data centres and renewable energy projects.
Affin Hwang Investment Bank Bhd said the electrical power distribution specialist is projected to record a 21 per cent compound annual growth rate (CAGR) in core earnings from the financial year 2025 to 2028 on the back of higher revenue and a stable earnings before interest and tax margin.
