POWERWELL HOLDINGS BERHAD
KLSE (MYR): PWRWELL (0217)
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Last Price
0.48
Today's Change
+0.02 (4.35%)
Day's Change
0.46 - 0.48
Trading Volume
5,139,900
Overview
Market Cap
279 Million
NOSH
581 Million
Avg Volume (4 weeks)
19,204,772
4 Weeks Range
0.45 - 0.535
4 Weeks Price Volatility (%)
35.29%
52 Weeks Range
0.19 - 0.535
52 Weeks Price Volatility (%)
84.06%
Previous Close
0.46
Open
0.46
Bid
0.48 x 579,300
Ask
0.485 x 491,100
Day's Range
0.46 - 0.48
Trading Volume
5,139,900
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#4] | 30-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 29-Aug-2024
T4Q P/E | EY
14.14 | 7.07%
T4Q DY | Payout %
6.25% | 88.37%
T4Q NAPS | P/NAPS
0.15 | 3.20
T4Q NP Margin | ROE
12.73% | 22.63%
News and Blogs
Related videos
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Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Description:
Powerwell provides services in power distribution management. The company offers comprehensive product and service solutions from the product development level to power distribution design.
Discussions
2 people like this. Showing 50 of 2,443 comments
Regardless whether share price will go up, OR how much it has risen over the past few weeks, as investors we have the right to know why is the Board of Directors disposing their shares in significant amount, with no apparent reasons.
All retail investors should bombard their Corporate Email (info@powerwell.com.my), FB page & any other social platform they have with inquiries to demand for an answer. Transparency must be upheld.
It is within the Director's right to Buy or Dispose their own shares at any given time, but if the amount is too large and over a short period of time, then explanation is required.
If the company is truly performing well with a healthy order book, then there shouldn't be any need for disposal, unless the Director misuse insider information to illegally trade.
Supposedly if the disposal of shares is a restructuring exercise, then it is the Directors obligation to inform investors to whom the share is going to.
As of date, we still have no answers behind the disposal. FYI within 2024, the company has disposed 147,500,000 units of shares within 3 months (Mar'24-Jun'24).
Why is no one red flagging this to the Company & Bursa?
3 weeks ago
well... I would cash out too if the current share price is too high, directors know best what would be the fair value of the company and future prospects, can't blame the directors....they also mau cari makan also, cannot be sell when the share price drops right?
3 weeks ago
morning..
paktua n team pick pwrwell so next sail swing sea untill sept 24..
paktua aimed destination at rm0.83 by sept.
tut tut
hopefully will reach before 25hb sept 24
3 weeks ago
This company is a potential target for take over by other companies. Good company and the price is cheap. Won't be surprised.
3 weeks ago
Strong resistance at 0.52 ..... huge volume transacted at 0.505 but no power to move further
3 weeks ago
I have sent an email to Bursa (bursa2u@bursamalaysia.com), as shown below:
Let's see if Bursa will help us to insists Powerwell to provide an explanation.
Dear Sir / Madam,
With reference to the screenshot attached, between March 2024 to June 2024, the company Powerwell Holdings Berhad has disposed a total of 147,500,000 units of shares through its Directors, namely Mr.Tham Kien Wai and Madam Wong Yoke Yen, as well as disposal of shares via its primary shareholder PW Synergy S/B.
I understand that the Directors of a Public Listed Company are well within their rights to Buy or Sell shares, however if the volume is of a significant amount, it would only be right for the Directors or Management of the Company to be transparent and provide an explanation to investors with regards to such heavy trades, otherwise it will raise & trigger concerns / red flags among retail investors.
From a retail investors point of view, Powerwell Holdings Berhad has a good performance record as shown in its: P&L, Bal. Sheet & Cash Flow, therefore it is rather puzzling and 'out-of-norm' on why would the Directors & Major Shareholder be disposing its own shares, unless of course they have insider information of what is about to happen and is taking advantage of such privileged information to mitigate their risk exposure, which is quite unfair to the rest of the other investors who are dependent on the limited information made available if any by the Company.
Supposedly if the disposal of shares is a restructuring exercise, it would still be the Directors obligation & responsibility to inform investors to whom the share is going to, otherwise the heavy sell trade would send a wrong signal to the market.
I hope Bursa is able to assist on this matter, and insist the Company to provide an explanation on the major disposal of its shares.
Regards,
Alfred Loo
3 weeks ago
With regards to the email sent to Bursa, here is their response:
Dear Sir/Madam,
Reference is made to your e-mail on the above matter.
We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements.
As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court.
We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements)
3 weeks ago
if directors sell to new shareholders like creador/brahmal then it will be a major coup for powerwell (which i hope so). let see if they disclose anything soon. from financial POV it wont change much direction of the company. 20mils only equal to around 3.5%.. maybe new substantial shareholder will emerge soon after owning 5% of the co. for them to pay premium price for that amount of shares should indicate a good sign ,rite? monday will fly again trust me.. just hold tight.
3 weeks ago
PWRWELL 50SMA PIVOT Point Momentum!
S1: 0.44.
PIVOT: 0.48.
R1: 0.52.
R2: 0.56.
R3: 0.62.
R4: 0.66.
Mr. Market is unpredictable!
At present this business catalyst is slightly positive.
Dis: Trade at your own Risk!
2 weeks ago
i dont like when directors disposed shared..so for that matter.. i am out.
we know who is selling..no issues..
most of the cases.. those buying will f@*k up .
good ride.. handsome duit raya.
i am out.. cheers!!!
2 weeks ago
With after the owner sell all their direct interest shares. Maybe another week than Powerwell will power up like other DC counters play. Just patient a bit.
2 weeks ago
Hi Mr Alfred, have you got the reply from them on why the massive shares disposal few weeks ago? I'm not buying this shares until I know the reason why. Plus, they still haven't break 0.52 resistance.
1 day ago
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Don't worry, only 1 director sell her shares...waiting for big fund to jump on board. ATH is around the corner..once hit , shoot up
3 weeks ago