PETALING JAYA: Swift Energy Technology Bhd’s earnings are expected to be supported by its healthy order book, ongoing expansion and an improving industry outlook, according to TA Research.
The research house said it forecast the group’s earnings to grow by 31.7%, 23% and 10.6% to RM16.3mil, RM20mil and RM22.1mil in financial year 2026 (FY26), FY27 and FY28, respectively.
“The stronger earnings outlook is underpinned by a healthy outstanding order book of RM173.1mil, ongoing business expansion plans and an improving industry outlook,” the research house said in a report yesterday.
TA Research said currently, there are no listed companies on Bursa Malaysia that are directly comparable to Swift Energy Technology.
Nevertheless, the research house used Powerwell Holdings Bhd
– which is principally involved in the design, manufacturing and trading of electrical power distribution products – as the closest listed peer for valuation purposes.
The research house assigned a target price-to-earnings multiple of 16 times to its 2027 earnings, arriving at a fair value of RM0.33 per share.
