PESTECH (5219) - Stocks With Momentum: Pestech
April 7, 2015 : 10:31 AM MYT
Pestech International Bhd (-ve)
PESTECH (Fundamental: 0.9/3, Valuation: 0.7/3) is an integrated power technology company, principally involved in the providing power system engineering and solutions for transmission and distribution networks.
Since listing on May 30, 2012, Pestech’s share price has risen more than 10-fold, from 50 sen to yesterday’s close of RM5.10.
The company’s revenue grew from RM136.1 million in 2012 to RM238.6 million in 2014, while pre-tax profit increased from RM23.0 million to RM33.2 million.
Some of its ongoing projects in Sarawak include the MAPAI 275/33kV substation (RM95.62 million), Mambong and Entinggan 275 kV substation (RM84.98 million) and Samajaya 132/33/11kV substation (RM48.36 million).
Last month, Bursa Malaysia approved its proposed private placement of up to 9.7 million new shares, which would raise proceeds of up to RM36.96 million at an indicative issue price of RM3.81. The stock is currently trading at roughly 6.6 times its book value of RM0.77 and 37 times trailing 12-month earnings.
http://www.theedgemarkets.com
April 7, 2015 : 10:31 AM MYT
Pestech International Bhd (-ve)
PESTECH (Fundamental: 0.9/3, Valuation: 0.7/3) is an integrated power technology company, principally involved in the providing power system engineering and solutions for transmission and distribution networks.
Since listing on May 30, 2012, Pestech’s share price has risen more than 10-fold, from 50 sen to yesterday’s close of RM5.10.
The company’s revenue grew from RM136.1 million in 2012 to RM238.6 million in 2014, while pre-tax profit increased from RM23.0 million to RM33.2 million.
Some of its ongoing projects in Sarawak include the MAPAI 275/33kV substation (RM95.62 million), Mambong and Entinggan 275 kV substation (RM84.98 million) and Samajaya 132/33/11kV substation (RM48.36 million).
Last month, Bursa Malaysia approved its proposed private placement of up to 9.7 million new shares, which would raise proceeds of up to RM36.96 million at an indicative issue price of RM3.81. The stock is currently trading at roughly 6.6 times its book value of RM0.77 and 37 times trailing 12-month earnings.
http://www.theedgemarkets.com
