Winstar Capital BerhadIn the first earnings report after going public (Q2 of the fiscal year 2025), it demonstrated robust profitability. Although market attention has not yet reached expectations, the company's financial strength and growth prospects are still commendable.
The current market downturn does not reflect the company's fundamentals, but instead provides investors with an opportunity to position themselves at a low price.
The first earnings report after going public is impressive, showcasing solid profitability.
As of the fourth quarter ending December 31, 2024, Weixing Capital recorded revenue of 55.53 million Ringgit, with total annual revenue reaching 0.2035 billion Ringgit. The company's core business, 【 Aluminum Profile Extrusion 】, remains the main source of revenue, contributing 0.1208 billion Ringgit, while 【 Building Materials Trade and Distribution 】 contributed 78.95 million Ringgit. Additionally, the company has also ventured into 【 CECEP Solar Energy (PV) System Installation 】 business, contributing 3.72 million Ringgit, showcasing diversified growth potential.
Despite the company incurring a one-time listing fee of 2.95 million Ringgit during the IPO process and providing for annual employee bonuses of 1.22 million Ringgit, the annual profit after tax still reached 7.4 million Ringgit, demonstrating strong profitability resilience. In terms of gross margin, the company recorded 36.35 million Ringgit for the year, with a gross margin of 18.76%, maintaining a robust level.
Market misunderstanding has led to the stock price being undervalued.
As of December 19, 2024...