Swift Energy Technology Bhd.

Swift Energy Technology Bhd.

MMYX:SET
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Bin Chee Tan
Sector
Distribution services
Industry
Wholesale distributors
Address
Shah Alam Malaysia
IPO Date
Jan 8, 2025
Business
Swift Energy Technology Bhd. is a Malaysia-based provider of industrial automation, power distribution, and renewable energy engineering solutions. Founded in 2000 and headquartered in Shah Alam, Selangor, Malaysia, the company operates through integrated business segments catering primarily to the oil and gas, petrochemical, marine, utilities, renewable energy, and general manufacturing industries. The company specializes in the engineering, design, assembly, fabrication, integration, and maintenance of customized industrial systems. Its core product and service offerings include industrial automation and process control systems, such as programmable logic controller (PLC) panels, supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), wellhead control panels, and emergency shutdown systems; electrical power distribution equipment, including low-voltage (LV) switchboards, intelligent motor control centres (IMCC), and certified explosion-proof electrical enclosures for hazardous environments; process instrumentation and analytical measurement solutions, comprising flowmeters, gas detection systems, level transmitters, pressure transmitters, and metering skids; renewable energy systems, encompassing engineering, procurement, construction, and commissioning (EPCC) for solar photovoltaic (PV) installations, battery energy storage systems (BESS), and energy management software; and technical support services, comprising site testing, commissioning, calibration, retrofitting, and comprehensive maintenance contracts. Geographically, Swift Energy Technology Bhd. operates primarily in Malaysia while exporting its solutions and products across Southeast Asia, the broader Asia-Pacific region, and the Middle East. In recent corporate developments, the company initiated its public listing on the ACE Market of Bursa Malaysia to finance the expansion of its manufacturing and engineering facilities, broaden its research and development capabilities in industrial IoT automation, and accelerate the commercial expansion of its commercial and industrial (C&I) solar PV and clean energy segment, while continuing to strengthen strategic distribution alliances and technical partnerships with global industrial equipment manufacturers.