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KUALA LUMPUR: Solarvest Holdings Bhd is poised for stronger earnings growth as it secures new large-scale solar (LSS) contracts under the government’s energy transition push.
Analysts expect near-term order replenishment from the LSS5 and LSS5+ programmes, with job flow likely to commence after the six-month financial close. Solarvest is targeting at least a 30% market share in each round and has already clinched 26.5% under LSS5 and 23.5% under LSS5+.
Management is confident of securing an additional RM1 billion in LSS contracts, which would boost its order book to about RM3 billion by end-2025.
Following higher order book assumptions, earnings forecasts have been revised upward by 18.9% for FY2026 and 31.5% for FY2027. The stronger outlook is also supported by contributions from the Corporate Green Energy Supply (CRESS) initiative after the recent reduction in System Access Charges (SAC).
Analysts maintained a BUY call on Solarvest, raising the target price to RM3.15 from RM2.71, based on a sum-of-parts valuation and a three-star ESG rating.
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