Multi Ways Holdings Ltd saw a significant price increase of 54.05% as it crossed above the 20-day SMA in pre-market trading.
This surge is attributed to the company's impressive report of 87.65% revenue growth to $26.44 million for H1 2025, driven by strong equipment sales linked to local infrastructure projects and secured orders from 2024. Additionally, net income surged 1,025% to $0.90 million, showcasing effective cost management and resilience in its financial strategy. CEO James Lim expressed optimism for future growth, citing upcoming infrastructure projects that are expected to enhance market share.
The strong financial performance and optimistic outlook indicate a robust position for Multi Ways Holdings, attracting investor interest and contributing to the stock's upward movement.
Multi Ways Holdings Limited is a holding company. The Company, through its subsidiaries, is primarily engaged in the sale and rental of heavy construction equipment in Singapore and the surrounding region. The Company offers a variety of new and used heavy construction equipment for sale and rental by its customers, ranging from earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators, and generators and compressors, such as air compressors, generators, lighting towers and welding machines. It also offers services to its customers, such as servicing and maintenance services for heavy construction equipment, and customization of heavy construction equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
