Boilermech solidifies presence in RE


The acquisition will lift Boilermech’s net profit by about 3% to 4% for financial year 2023 and FY24, says Kenanga Research.

PETALING JAYA: Boilermech Holdings Bhd’s full ownership of Tera Sdn Bhd is expected to solidify the group’s existence in the renewable energy (RE) space, says Kenanga Research.

Tera is principally involved in the installation of solar energy products and electrical machinery items.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Boilermech , IPO , Tera , RE , solar

Next In Business News

Binastra records 43% revenue growth, order book at RM4.1bil in 1Q
Malakoff in concession deal to build waste-to-energy facility
Oriental Kopi to buy Kuala Langat property for RM23mil
Astro posts 1Q net profit of RM13.5mil
BFood disposes stake in 7-Eleven Malaysia for RM13.2mil
Ringgit extends downtrend against US dollar
PMO: Tax expansion vital to ensure fiscal sustainability
AGMO, Theta Edge set up JV for tech development
BCorp acquires 1.66% stake in Berjaya Assets for RM12.75mil
MSM reiterates call for tariff to curb dumping of imported sugar

Others Also Read