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ACE Market-listed Powerwell Holdings Bhd (KL:PWRWELL) is gearing up to capture a slice of Malaysia’s fast-rising data centre boom, with demand from hyperscale and artificial intelligence (AI)-driven facilities expected to fuel demand for electrical distribution contracts. https://www.klsescreener.com/v2/news/view/1586997
KUALA LUMPUR: Powerwell Holdings Bhd is expected to deliver robust earnings growth over the next few years, underpinned by rising demand from data centres and renewable energy projects.
Affin Hwang Investment Bank Bhd said the electrical power distribution specialist is projected to record a 21 per cent compound annual growth rate (CAGR) in core earnings from the financial year 2025 to 2028 on the back of higher revenue and a stable earnings before interest and tax margin.