KUALA LUMPUR, March 19 (Bernama) -- Solarvest Holdings Bhd is well positioned to capitalise on emerging opportunities in the Malaysia renewable energy (RE) sector by leveraging on its strong market share in solar energy.
Maybank Investment Bank Bhd (Maybank IB) noted that the group is actively pursuing the two-gigawatt (GW) Fifth Large Scale Solar (LSS5) quota jobs and the upcoming 2GW LSS5+ expansion, in addition to securing projects under net energy metering (NEM) 3.0 and the new enhanced dispatch arrangement (NEDA) programmes.
“This latest job win will lift Solarvest’s outstanding order book to RM1.3 billion, with related revenue recognition expected to remain strong through the financial years 2026 and 2027 estimates. We make no change to our forecasts as this job win forms part of our order book win assumptions of RM1 billion in FY2026,” it said in a note today.
Year to date, Maybank IB noted that Solarvest has secured RM947 million in new projects.
Based on past engineering, procurement, construction, and commissioning (EPCC) margins, it said the contract could contribute an estimated RM40-60 million in gross profit, assuming a gross profit margin of 10-15 per cent. “We remain upbeat on Solarvest’s prospects in growing its order book and asset base amid strong demand for RE over the medium to longer term,” it added.
-- BERNAMA
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