Solarvest Holdings Berhad

Bursa Ticker: SLVEST | Listing Year: 2019

Offer Price

RM 2.91

Sifu Target Price

RM 3.10 (+6.5%)

Retail Oversubscription

35.4x

Underwriter (IB)

M&A Securities

Key Dates & Offering Details

Application Closing TBA

Listing Date 26-Nov-2019

Target P/E Ratio 35x

Total Enlarged Shares 951.18 M

Free Float 30.0%

MITI Special Allocation Yes (Bumiputera Reserved)

Analyst Commentary & Hunter Insight

✅ WORTH IT (GRADE B)
Leading solar EPCC player in Malaysia. Massive beneficiary of NETR green energy policies with record RM536.8M revenue in FY25. Growing recurring income from owned solar asset portfolio.

Growth Catalysts & Strategic Moats

Pemacu Utama NETR: Peneraju EPCC solar terbesar yang disokong secara langsung oleh inisiatif peralihan tenaga negara di bawah NETR.
Pendapatan Berulang (Recurring Income): Pertumbuhan pemilikan aset solar sendiri yang menjual tenaga menerusi PPA jangka panjang memberikan tunai stabil.
Nilaian Premium Mampan: Dagangan PE premium sekitar 25x-35x disokong oleh CAGR untung bersih melebihi 40%.

Financial Performance Summary

Financial Metric	FY23	FY24	FY25	Projected (FY F)
Revenue (RM)	365.50 M	492.60 M	536.80 M	871.36 M
Profit After Tax (PAT)	19.70 M	32.30 M	51.90 M	84.25 M
EPS (sen)	2.07	3.40	5.46	+44.5%

Utilization of Proceeds

Business expansion, purchase of machinery & equipment, working capital

Peer Comparison & Valuation Context

Peer Comparison: PE Terbitan sekitar 30.0x-35.0x disokong oleh CAGR untung melebihi 40% berbanding purata industri utility-scale solar.

Evaluate Solarvest Holdings Berhad with Our Tools

Use the Decision Engine to test whether to subscribe or skip, calculate your optimal balloting tier, or cross-check with Sifu projection sheets.

Decision Engine: Sub or Skip? View Sifu Sheets