Australia's PWR Holdings hits over 6-week high on upbeat forecast

PWR Holdings

Tue 03:44

** Shares of auto parts maker PWR Holdings PWH.AX rise as much as 9.8% to A$11.5, their highest level since September 4
** Co sees 2 percentage points improvement in statutory NPAT margin in FY27 to 12.5%
** Expects statutory NPAT margin to trend back towards its 
FY24 reference level of 17.8% over FY28 to FY30
** About 279,027 shares change hands, 1.7x the 30-day average of 167,261
** Stock last up 4.4% bringing YTD gains to 39.2% 

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))