$BOILERM / 0168 (BOILERMECH HOLDINGS BERHAD) / $KLSE-BMGREEN have had strong upward price movement for the past 3 trading days. But before jumping the gun, it’s important to know what they do, and what is interesting about them.

So, here are a few key points and summary after going through their website and AR, I would recommend going through their latest 3 QR as well:

- Their focus is in providing innovative and cost effective Bio-Energy, Water Treatment and Solar Energy into the palm processing industry and biomass power generation industry.
- They are the leading biomass boiler design and manufacturing company SEA. Business revenue primarily derives from Malaysia and Indonesia but they also supply products to clients in Africa, Cambodia, Colombia, Indonesia, Papua New Guinea, Thailand and Vietnam.
- For the biomass power generation sector, they design and supply integrated solutions from fuel treatment and handling to steam and power generation systems, as well as water treatment systems and emission control.
- In 2015, Boilermech commercializes innovative Megasonic-enhanced oil recovery technology in the palm industry.
- Boilermech operates on 8.8 acres of manufacturing site in Subang Jaya
- Manufacturing facilities have been improved from manual machinery to the incorporation CNC machines such as drum drilling machine, plate drilling machine, membrane wall welding, plate rolling machine
- ASME-qualified for U and S stamp for design and manufacturing of pressure and power boilers. They also design and fabricate boilers in accordance with BS standards.
- In the coming years, they are looking to expand further at their new site in Pulau Indah, an industrial land of 22 acres.
- They have also increased their investment in Tera VA Sdn Bhd to be a 100% subsidiary back in 2022 late Dec, signifying their commitment to solar segment and stronger capital resource to take on bigger solar projects going forward.
- Noteworthy that Chia Lik Khai is not only the director of $QL / 7084 (QL RESOURCES BERHAD) but also $BOILERM / 0168 (BOILERMECH HOLDINGS BERHAD)

Looking at their latest 9 months results, it seems that FY2024 will be a record year in terms of both PAT and revenue (if nothing goes south).