Multi Ways Holdings Files Annual Report on Form 20-F for Fiscal Year 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2025
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Should l Buy MWG?
Source: Newsfilter
Annual Report Filing: Multi Ways Holdings Limited has filed its 2024 Annual Report with the U.S. Securities and Exchange Commission, detailing financial results for the fiscal year ended December 31, 2024, which can be accessed on their investor relations website.
Company Overview: Multi Ways Holdings is a prominent supplier of heavy construction equipment in Singapore and surrounding regions, offering both sales and rental services, along with refurbishment and cleaning services for equipment.
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Analyst Views on MWG
About MWG
Multi Ways Holdings Limited is a holding company. The Company, through its subsidiaries, is primarily engaged in the sale and rental of heavy construction equipment in Singapore and the surrounding region. The Company offers a variety of new and used heavy construction equipment for sale and rental by its customers, ranging from earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators, and generators and compressors, such as air compressors, generators, lighting towers and welding machines. It also offers services to its customers, such as servicing and maintenance services for heavy construction equipment, and customization of heavy construction equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Impact on Shares: Post-split, approximately 4.14 million Class A shares and 1 million Class B shares are expected to be outstanding, reflecting the company's restructuring of its shareholder base.
- Par Value Adjustment: Following the reverse split, the par value of Class A and Class B shares will increase from $0.00025 to $0.0025, demonstrating the company's efforts to enhance shareholder value.
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- Positive Market Reaction: The release of the financial results has significantly increased market attention on Multi Ways Holdings, which is expected to attract more investors to its future developments and strategic plans.
- Strategic Growth Outlook: The robust financial performance not only solidifies the company's position in the industry but also provides ample funding for future expansion and investments, potentially driving further increases in market share.
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- Reverse Split Approval: Multi Ways Holdings has approved a 1-for-10 reverse split on January 30, 2026, aimed at increasing share price to comply with NYSE American listing requirements, thereby enhancing market confidence.
- Impact on Shares: Post-split, approximately 4.14 million Class A shares and 1 million Class B shares are expected to be outstanding, reflecting the company's restructuring of its shareholder base.
- Par Value Adjustment: Following the reverse split, the par value of Class A and Class B shares will increase from $0.00025 to $0.0025, demonstrating the company's efforts to enhance shareholder value.
- Capital Structure Optimization: The authorized share capital will be adjusted to $2.5 million, including 800 million Class A shares, 100 million Class B shares, and 1 billion preferred shares, aimed at providing greater flexibility for future capital operations.
See More
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- Stock Price Surge: Following the earnings report, Davis Commodities' shares jumped 5.6% to $0.25 in pre-market trading, reflecting investor optimism regarding the company's future growth potential.
- Positive Market Reaction: The stock price increase post-earnings release indicates market recognition of Davis Commodities' performance, which may attract more investor interest and further drive the stock price upward.
- Optimistic Industry Outlook: With the ongoing demand for agricultural commodities, the strong earnings report not only enhances Davis Commodities' market position but also potentially provides funding for future expansion and investments.
See More
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- Strong Stock Performance: Edgewise Therapeutics (NASDAQ:EWTX) shares surged 21% to $26.36 following positive updates from its ongoing CIRRUS-HCM Phase 2 trial, highlighting the company's potential in the biopharmaceutical sector.
- Diverse Company Growth: Multi Ways Holdings (NYSE:MWG) saw its stock price jump 62% to $0.41 after reporting a year-over-year increase in H1 EPS, reflecting strong growth momentum in its business operations.
See More
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- Significant Earnings Growth: Multi Ways Holdings reported earnings per share of $0.03 for H1 2025, indicating an improvement in profitability and reflecting enhanced competitiveness in the market.
- Substantial Revenue Increase: The company achieved net revenue of $26.44 million in the first half, an 87.65% year-over-year increase, primarily driven by strong performance in equipment sales and ongoing local infrastructure projects, demonstrating successful market demand capture.
- Gross Profit Dynamics: Although gross profit rose from $4.66 million to $6.63 million, the gross margin declined to 25.08%, attributed to increased competition and rising input costs, highlighting challenges in cost management.
- Strong Stock Performance: As of now, Multi Ways Holdings' stock has surged 71% to $0.43, reflecting positive market sentiment towards its earnings growth, which may attract more investor interest.
See More
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- Jobless Claims Decline: U.S. initial jobless claims fell by 10,000 to 214,000 for the week ending December 20, surpassing market expectations of 223,000, indicating labor market resilience which could positively impact economic recovery.
- Market Performance Rebounds: The Dow Jones index rose over 100 points, up 0.28% to 48,576.79, reflecting improved investor sentiment that may drive more capital into the stock market.
- Sector Performance Divergence: Consumer staples stocks increased by 0.6%, while communication services stocks fell by 0.2%, indicating varied market reactions across sectors, prompting investors to monitor industry dynamics for optimal portfolio adjustments.
- International Market Fluctuations: Asian markets closed mixed, with Japan's Nikkei 225 down 0.14% and China's Shanghai Composite up 0.53%, suggesting ongoing global economic uncertainties are still influencing market sentiment.
See More
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- Significant Revenue Growth: Multi Ways Holdings reported net revenue of $26.44 million for the first half of 2025, representing an impressive 87.65% increase from $14.09 million in the same period last year, indicating strong market demand and business expansion capabilities.
- Surge in Stock Price: Following the positive earnings report, the company's shares jumped 59.6% to $0.40 in pre-market trading, reflecting investor confidence in the company's future growth potential.
- Positive Market Reaction: The release of the financial results has significantly increased market attention on Multi Ways Holdings, which is expected to attract more investors to its future developments and strategic plans.
- Strategic Growth Outlook: The robust financial performance not only solidifies the company's position in the industry but also provides ample funding for future expansion and investments, potentially driving further increases in market share.
See More
