Kumpulan Powernet builds green utilities such as hydro, solar, biomass, power plants.
KUALA LUMPUR: AmInvestment Research has started coverage of Kumpulan Powernet (KPower) with a Buy call and a fair value of RM4.16 a share based on 15 times FY21F earnings per share (EPS).
It said on Wednesday this was at a discount to an average forward 20 times PE of leading renewable energy players globally to reflect: (1) KPower being a relatively new player in this sector; and (2) its relatively small market value.
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