1Q 2024 Kawan Renergy Bhd yg bakal diterbitkan pada 29hb Mei 2024 (Selasa) menyaksikan satu pertumbuhan positive di mana net profit sebanyak RM 4.2 juta dgn TTM 2024 net profit sebyk RM 16.8 juta. TTM revenue RM 80 juta (FY 2023 = RM 98 juta). Net profit margin = 21% (FY 2023 = 13.5%).

Jumlah saham: 550 juta
EPS: 16.8/550 = 3.1 sen
PE Ratio: 30/3.1 = 9.7x

PEERS:
1) Wasco PAT margin 4.2% (PE = 11.5X)
2) Seremban Engineering ( 1.7%, PE 17.2X)
3) BM Greentech (3.73%, PE = 23.3X)
4) APB resources (11%, PE = 42X)
Average PE = 23.5X

TP for Kawan:
PE 15 X = 46.5 sen
PE 20 X = 62 sen
PE 25 X = 78 sen