ACE market debut thrusts Winstar Capital to RM186 million valuation

Winstar Capital Bhd has displayed an exceptional performance on the ACE Market, with its share price surging over 80 per cent since its listing at 35 sen. As of 12:35 pm on 24 December (local time), the company's shares are trading at 64 sen, reflecting a remarkable 83 per cent increase. Trading volume has also been robust, with over 24.77 million shares changing hands.

Boasting a market capitalisation of RM186 million (US$ 40.92 million), Winstar Capital is strategically positioning itself for expansion. Part of the proceeds from its recent IPO is earmarked for acquiring four additional aluminium extrusion lines, which collectively offer an annual capacity of 8,580 tonnes. These new lines, to be installed at its factory in Ijok, Selangor, will significantly enhance the company's total manufacturing capacity from 6,705 tonnes to 15,285 tonnes per annum.

This capacity boost is set to empower Winstar and its subsidiaries to scale production and cater to an expanded customer base. Key markets include construction companies, property developers, aluminium product manufacturers, and wholesalers of solar photovoltaic elements, as well as engineering, procurement, construction, and commissioning (EPCC) companies across Malaysia.

Since its debut on the ACE Market on 19 December, Winstar Capital has swiftly captured market attention, reinforcing investor confidence in its growth trajectory and operational design.