Stock Price (2024/07/22): RM0.220
P/E: 12.9 times
Dividend Ratio: N/A
NTA: RM0.200
After the market correction last week, our stock market saw another 914 falling stocks yesterday. At the same time, there was also a drop in trading volume. It seems that this “correction” is a bit too big.
However, we can still notice that recent IPOs have performed very well. Oversubscribing is generally more than 50 times (depending on the industry, of course), so the moderator also wanted to share BWYS Group Berhad (BWYS, 0313), a company that few people mentioned, so that everyone can learn more about them.
We also mentioned in the title that BWYS is a steel stock, and the company's business can be divided into three categories; the first category is products related to sheet metal manufacturing (“Sheet Metal”), the second is the sale and rental of scaffolding (“scaffoldings”), that is, the “shelves” we see outside of some established industries, and the last one is trading steel-related (“trading”) products.
In FY2023, sheet metal manufacturing accounted for 73.0% of revenue, supply scaffoldings accounted for 24.9%, and last-minute trading...