KUALA LUMPUR: KPower Bhd sees strong growth potential ahead, coming from a small base. More contracts could be in store in the near future for it, especially on the renewable energy (RE) front, says AMInvestment Bank Research (AM Research). According to its projections, KPower’s earnings growth could jump by more than 100% and more than 40% in financial year 2021 (FY21) and forecast FY22, respectively. “We maintain our forecast and fair value of RM2.31 based on 18 times the fully-diluted FY23 forecast earnings per share. “Our assumption is more conservative compared with KPower’s guidance for RM2bil in the forecast FY21 period, ” AM Research said.

Source: The Star April 14, 2021 23:22 UTC