Latest news with #PekatGroupBhd
The Star
17-07-2025
- Business
- The Star
Pekat's private placement to pare its borrowings
Phillip Research said it is neutral about the corporate exercise pending the finalisation of the issue price. PETALING JAYA: Electrical engineering and solar energy company Pekat Group Bhd 's plan for a private placement is expected to dilute its 2025 to 2027 earnings per share (EPS) by about 9% to 10%, analysts say. Phillip Research downgraded the stock to a 'hold' from a 'buy' rating on valuation grounds with the stock currently trading at 21-times forward price-earnings ratio. The research house said it is neutral about the corporate exercise pending the finalisation of the issue price to be determined at a later date. The research house retained a target price RM1.57 sen a share for the stock and its EPS forecast pending the completion of the corporate exercise in the third quarter of this year. Pekat has proposed a private placement of up to 66 million new shares, or 10% of its enlarged share capital, increasing its total share base to 727 million under a maximum scenario.
The Star
21-05-2025
- Business
- The Star
Pekat Group earnings soar to RM12mil in 1Q25
The solar photovoltaic specialist said revenue leapt to RM150.31mil during the quarter. PETALING JAYA: Pekat Group Bhd registered a record net profit of RM12.06mil in the first quarter of financial year 2025 (1Q25). It was more than triple the RM3.78mil posted in the year-ago quarter. The solar photovoltaic specialist said revenue leapt to RM150.31mil in the quarter under view from RM57.63mil in the comparative quarter, driven by strong growth across all business segments and major contract wins. Earnings per share for the quarter climbed to 1.87 sen from 0.59 sen in the previous corresponding quarter. Pekat's solar photovoltaics segment remained the largest contributor, recording RM92.8mil in revenue, a 153.2% increase year-on-year, supported by higher project execution across the commercial, industrial, and residential segments. Growth was also supported by ongoing work under the group's 29.99 MWac Corporate Green Power Programme project. It is expected to contribute to both recurring income and engineering, procurement, construction and commissioning revenue in the coming quarters. The power distribution equipment division via EPE Switchgear (M) Sdn Bhd, delivered a maiden contribution of RM27.9mil. Meanwhile, the earthing and lightning protection division posted RM16.2mil in revenue, up 79.4%, and the trading segment added RM13.4mil, a 12.2% improvement. As at March 31, 2025, Pekat's cash and bank balances rose to RM62.8mil. Total assets rose to RM481mil, up from RM433.2mil at end of financial year 2024. Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
The Star
20-05-2025
- Business
- The Star
Pekat earnings soar to RM12.06mil in 1Q
Pekat Group chief executive officer Tai Yee Chee KUALA LUMPUR: Pekat Group Bhd registered a record net profit of RM12.06mil in the first quarter of 2025, which was more than triple RM3.78mil posted in the year-ago quarter. The solar photovoltaics specialist said revenue leapt to RM150.31mil in the quarter under view from RM57.63mil in the comparative quarter, driven by strong growth across all business segments and major contract wins. Earnings per share for the quarter climbed to 1.87 sen from 0.59 sen in the previous corresponding quarter. Pekat's solar photovoltaics segment remained the largest contributor, recording RM92.8mil in revenue, a 153.2% increase year-on-year, supported by higher project execution across the commercial, industrial, and residential segments. Growth was also supported by ongoing work under the Group's 29.99 MWac Corporate Green Power Programme (CGPP) project, which will contribute to both recurring income and EPCC revenue in the coming quarters. The power distribution equipment division via EPE Switchgear (M) Sdn Bhd, delivered a maiden contribution of RM27.9mil. Meanwhile, the earthing and lightning protection (ELP) division posted RM16.2mil in revenue, up 79.4%, and the trading segment added RM13.4mil, a 12.2% improvement. As at March 31, 2025, Pekat's cash and bank balances rose to RM62.8mil. Total assets rose to RM481mil, up from RM433.2mil at end-FY24. Trading ideas: Maybank, KAB, Ibraco, PeterLabs, MCE, Euro, MFM, Johor Plantations, Taliworks, Keyfield, George Kent
