Is Maxwell a good choice?

According to the OSK Research, its target price for Maxwell is RM0,82 and IPO note to Maximising All Option.

Based on their research, they the company, which has chalked up impressive revenue and earnings CAGR of 60% and 72.6% over the past 4 years, to achieve FY10/11 net profit of RM65.8m and RM71.5m respectively. They value Maxwell at RM0.82 based on 5xFY10 EPS.


For information, Maxwell is an OEM and ODM company involved in manufacturing and designing sports shoes and casual sports shoes for the domestic and export markets. As a testament of its product quality, Maxwell manufactures for global brands such as Yonex, Diadora, Kappa, Brooks and Fila.