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Is Miller Industries (MLR) a Great Value Stock Right Now?
ZACKS· 2025-11-12 15:41
Core Insights - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular strategy for finding great stocks across various market conditions [2] - The Style Scores system is introduced, particularly the "Value" category, which helps investors identify stocks with strong value characteristics [3] Company Analysis: Miller Industries (MLR) - Miller Industries currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4] - The stock has a P/E ratio of 11.31, significantly lower than the industry average of 19.32, suggesting it may be undervalued [4] - Over the past 52 weeks, MLR's Forward P/E has fluctuated between 7.41 and 14.10, with a median of 11.73, further indicating its valuation dynamics [4] - The P/S ratio for MLR is 0.52, compared to the industry's average P/S of 0.76, reinforcing the notion of undervaluation [5] - These metrics contribute to MLR's strong Value grade and suggest that the stock is likely undervalued, supported by a positive earnings outlook [6]
Multi Ways Holdings Announces $5.4 Million Purchase of 21 SANY Cranes
Globenewswire· 2025-10-27 12:30
Core Insights - Multi Ways Holdings Limited has placed new orders for 21 Sany cranes valued at approximately S$7.0 million (US$5.4 million), with most orders already confirmed by customers in Singapore [1][2][3] Company Overview - Multi Ways Holdings is a leading supplier of heavy construction equipment for sale and rental in Singapore and the surrounding region, with over two decades of experience [4] - The company serves a diverse customer base, including clients from Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines, positioning itself as a one-stop shop for heavy construction equipment [4] Strategic Partnership - The new crane orders build on the existing partnership with SANY, the world's third-largest heavy equipment manufacturer, enhancing Multi Ways' fleet to meet growing regional demand [2][3] - The acquisition of these cranes is a strategic move to strengthen the company's market position and ensure the delivery of high-quality equipment for critical infrastructure projects [3] Market Demand - The order of new cranes is a direct response to robust demand in the Singaporean construction market and the broader region, indicating strong customer confidence in Multi Ways' capabilities [3]
SPARTAN CAPITAL SECURITIES, LLC SERVES AS EXCLUSIVE PLACEMENT AGENT FOR MULTI WAYS HOLDINGS' $1.485 MILLION SECOND TRANCHE, BRINGING TOTAL REGISTERED DIRECT OFFERING TO $2.97 MILLION
Globenewswire· 2025-10-06 14:00
Core Insights - Spartan Capital Securities, LLC announced the closing of the second tranche of a registered direct offering for Multi Ways Holdings Limited, a leading supplier of heavy construction equipment in Singapore and the surrounding region [1][4]. Group 1: Offering Details - The second tranche consisted of 9,000,000 ordinary shares priced at $0.165 per share, along with warrants to purchase an additional 9,000,000 ordinary shares, resulting in aggregate gross proceeds of $1,485,000 from this tranche [2]. - Combined with the first tranche, the total gross proceeds raised through the offering amount to $2,970,000 [2]. Group 2: Warrant Information - Each warrant is exercisable at $0.198 per share and will remain exercisable for five years from the date of issuance [3]. Group 3: Use of Proceeds - Multi Ways intends to use the net proceeds for working capital and general corporate purposes [3]. Group 4: Company Background - Multi Ways Holdings supplies a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, serving customers across Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines [7].
Multi Ways Holdings Secures Exclusive Dealership Agreement with Shandong Shantui Construction Machinery
Globenewswire· 2025-06-03 12:00
Core Insights - Multi Ways Holdings Limited has entered into an exclusive dealership agreement with Shandong Shantui Construction Machinery Import & Export Co., Ltd to distribute Shantui's earthmover equipment in Singapore from June 1, 2025, to May 31, 2026 [1][3] - The company has ordered two Shantui bulldozers, including Singapore's first remote-controlled bulldozer, which is expected to arrive in June 2025 [2][4] Company Overview - Multi Ways Holdings is a leading supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience [8] - The company aims to enhance its product portfolio by partnering with Shantui, a top global construction machinery manufacturer, to offer premium equipment options [3][5] Technological Advancements - The introduction of the remote-controlled bulldozer represents a significant technological advancement, allowing for safer operations in hazardous environments [4][6] - Shantui is recognized for its innovation in bulldozer manufacturing, having previously commercialized the world's first 5G remote-controlled high-power bulldozer in 2019 [5] Strategic Goals - The exclusive dealership agreement is seen as a milestone for Multi Ways, aligning with its strategy to provide advanced and efficient equipment to customers [3][7] - The company plans to continue exploring strategic partnerships and product innovations to enhance its equipment portfolio and create long-term value for shareholders [7]
Multi Ways Holdings Reports Financial Results for Fiscal Year 2024
Globenewswire· 2025-05-27 12:00
Core Viewpoint - Multi Ways Holdings Limited reported a decrease in total revenue and net loss for fiscal year 2024, while focusing on strategic advancements and operational efficiency to navigate market challenges [2][3][8]. Financial Performance - Total revenue decreased by approximately $4.9 million or approximately 13.7% to approximately $31.1 million for the year ended December 31, 2024, down from approximately $36.0 million for the year ended December 31, 2023 [3]. - Cost of revenues decreased by approximately $6.0 million or approximately 22.0% to approximately $21.4 million for the financial year ended December 31, 2024, from approximately $27.4 million for the financial year ended December 31, 2023 [4]. - Total gross profit amounted to $9.7 million for fiscal year 2024, with an overall gross profit margin improvement to approximately 31.3% from approximately 24.0% in fiscal year 2023 [5]. - Net loss amounted to $2.9 million for the fiscal year ended December 31, 2024, compared to net income of approximately $1.8 million for the fiscal year ended December 31, 2023 [8]. Expenses Overview - Selling and distribution expenses were approximately $1.7 million for fiscal year 2024, representing approximately 5.5% of total revenue, compared to approximately $1.0 million or approximately 2.6% of total revenue for fiscal year 2023 [6]. - Administrative expenses decreased to approximately $8.7 million for fiscal year 2024 from approximately $10.8 million for fiscal year 2023, representing approximately 28.1% and approximately 29.9% of total revenue, respectively [7]. Cash Flow and Balance Sheet - Cash and cash equivalents were approximately $3.3 million as of December 31, 2024, down from approximately $7.1 million as of December 31, 2023 [9]. - Total assets were approximately $69.6 million and total liabilities were approximately $49.5 million at December 31, 2024, compared to total assets of approximately $58.0 million and total liabilities of approximately $36.2 million at December 31, 2023 [12]. - Shareholders' equity was approximately $20.1 million at December 31, 2024, down from approximately $21.8 million at December 31, 2023 [13].
Multi Ways (MWG) - Prospectus(update)
2023-03-27 10:05
As filed with the U.S. Securities and Exchange Commission on March 27, 2023. Registration No. 333-269641 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (I.R.S. Employer Identification No.) 3E Gul Circle Singapore 629633 +65 6287 5252 (Address, including zip code, and telephone number, including area code, of Registrant's principal executive office) Cogency Global Inc. 122 East 42 Street, 18 Floor New ...
Multi Ways (MWG) - Prospectus(update)
2023-02-23 19:51
As filed with the U.S. Securities and Exchange Commission on February 23, 2023. Registration No. 333-269641 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO.1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Multi Ways Holdings Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 3990 Not Applicable (Prima ...
Multi Ways (MWG) - Prospectus
2023-02-08 21:24
As filed with the U.S. Securities and Exchange Commission on February 8, 2023. Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Multi Ways Holdings Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 3990 Not Applicable (Primary Standard Industrial ...