Powerwell sees growth from replacement market, new projects abroad

Powerwell Holdings Bhd employee at work.

PETALING JAYA: The construction sector may be facing a lull but that does not seem to be putting a damper on the prospects of Powerwell Holdings Bhd, an electricity distribution product manufacturer.

Powerwell, listed on the ACE Market in January this year, is expecting revenue growth to come from the “replacement market” in Malaysia and from new infrastructure projects abroad, said executive director Ricky Lee. (pic below)