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Thursday, December 8, 2011

Fitters stock to list its renewable energy unit

Read in the news from Power Engineering. Fitters originally planned to list its renewable energy unit in end of 2009. But there was some delay. The company still plan to list its wholelly-owned unit Future NRG (FNRG) Sdn Bhd on London Alternative Investment Market (AIM).

The fund raising excercise will provide the necessary fund for its renewable energy projects.

Two interesting statements made by its managing director Richard Wong Swee Yee. First, he has set a profit growth target of 20% per year for Fitters. Second, he said Fitters is in a growing phase.

When we plan to buy a stock, growth is one of the important factors to look at. Question is, can Fitters achieve the growth rate? Up to individuals to judge.

More on Fitters shares, please click on the label "Fitters"
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