Highlights
KLSE: SLVEST (0215)       SOLARVEST HOLDINGS BERHAD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.20   -0.01 (0.83%)  1.19 - 1.23  1,311,100
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Financials


Market Cap: 469 Million

Market Cap 469 Million
NOSH 391 Million

Latest Audited Result:  31-Mar-2020

Latest Audited Result: 31-Mar-2020
Announcement Date 28-Aug-2020
Next Audited Result: 31-Mar-2021
Est. Ann. Date: 28-Aug-2021
Est. Ann. Due Date: 27-Sep-2021

Latest Quarter:  30-Jun-2020 [#1]

Latest Quarter: 30-Jun-2020 [#1]
Announcement Date 28-Aug-2020
Next Quarter: 30-Sep-2020
Est. Ann. Date: 20-Nov-2020
Est. Ann. Due Date: 29-Nov-2020
QoQ | YoY   -78.66%  |    - %

Annual (Unaudited) ( EPS: 6.28, P/E: 29.92 )

Revenue | NP to SH 253,434  |  15,665
RPS | P/RPS 64.88 Cent  |  1.85
EPS | P/E | EY 6.28 Cent  |  29.92  |  3.34%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.21  |  5.71
YoY   - %
NP Margin | ROE 6.30%  |  19.10%
F.Y. | Ann. Date 31-Mar-2020  |  29-Jun-2020

T4Q Result ( EPS: 3.14, P/E: 38.23 )

Revenue | NP to SH 244,624  |  12,262
RPS | P/RPS 62.62 Cent  |  1.92
EPS | P/E | EY 3.14 Cent  |  38.23  |  2.62%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.21  |  5.71
QoQ | YoY   7.11%  |    - %
NP Margin | ROE 5.14%  |  14.95%
F.Y. | Ann. Date 30-Jun-2020  |  28-Aug-2020

Annualized Result ( EPS: 0.84, P/E: 143.96 )

Revenue | NP to SH 115,000  |  3,256
RPS | P/RPS 29.44 Cent  |  4.08
EPS | P/E | EY 0.84 Cent  |  143.96  |  0.69%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -79.21%  |    - %
NP Margin | ROE 2.78%  |  3.97%
F.Y. | Ann. Date 30-Jun-2020  |  28-Aug-2020


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2021 28-Aug-2020 30-Jun-2020 1 28,750 1,286 799 814 - 82,031 - % 2.78% 0.99% 390,624 7.36 7.36 0.21 0.21 0.00 0.00 0.2100 0.21   -78.66%   - % 30-Jun-2020 1.55 21.06 743.82 7.38 0.13% 0.00% 28-Aug-2020 1.15 15.62 551.86 5.48 0.18% 0.00%
31-Mar-2020 29-Jun-2020 31-Mar-2020 4 51,350 2,845 3,873 3,814 - 82,031 - % 7.54% 4.65% 390,624 13.15 13.15 0.98 0.98 0.00 0.00 0.2100 0.21   -4.12%   - % 31-Mar-2020 0.73 5.55 74.77 3.48 1.34% 0.00% 29-Jun-2020 1.55 11.79 158.75 7.38 0.63% 0.00%
31-Mar-2020 24-Feb-2020 31-Dec-2019 3 62,120 4,834 4,302 3,978 - 66,318 - % 6.93% 6.00% 331,593 18.73 15.90 1.20 1.02 0.00 0.00 0.2000 0.17   8.81%   - % 31-Dec-2019 0.745 3.98 62.10 3.73 1.61% 0.00% 24-Feb-2020 1.25 6.67 104.20 6.25 0.96% 0.00%
31-Mar-2020 20-Nov-2019 30-Sep-2019 2 102,404 4,516 3,604 3,656 - 54,687 - % 3.52% 6.69% 390,624 26.22 26.22 1.25 1.25 0.00 0.00 0.1400 0.14   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2020 30-Jun-2019 1 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 12-Apr-2019 0.87 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2019 31-Mar-2019 4 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 31.6700 31.67   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2019 31-Dec-2018 3 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2019 30-Sep-2018 2 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  3 people like this.
 
Wawai Samah Grab some more...collect2...
21/09/2020 4:57 PM
Wawai Samah Who still hold ah?
27/09/2020 10:05 AM
Aries I am.
27/09/2020 12:47 PM
wjhwee me too still hold.
27/09/2020 10:07 PM
Aries I bought and keep it since it was listed. Now I am waiting for it to go to main board.
28/09/2020 10:01 AM
TreeTopView A nice positive move up today, after last Friday's afternoon interest and buying.

Some decent sized individual buying late Friday and today. If this upward move can be sustained, then look for a break of 1.38. That could possibly happen this week, as long as interest remains.

So far, so good!
28/09/2020 10:34 AM
Wawai Samah Nice...weekly chart rebounce..last week candle form hammer...all the best for us
28/09/2020 11:32 AM
DreamCustodian Up 3.25%
28/09/2020 11:38 AM
DreamCustodian Okay also la
28/09/2020 11:38 AM
DreamCustodian Boleh juga la
28/09/2020 11:38 AM
DreamCustodian Very good
28/09/2020 11:38 AM
DreamCustodian Excellent
28/09/2020 11:39 AM
DreamCustodian Well done
28/09/2020 11:39 AM
DreamCustodian Congratulations
28/09/2020 11:39 AM
DreamCustodian Keep improving
28/09/2020 11:39 AM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.klsescreener.com/v2/announcements/view/3237195
30/09/2020 5:44 PM
TreeTopView Disappointing price action today.
The chart looked sweet at the beginning of the week.
Monday started well hitting 1.29 from 1.23 within the first hour.....possibly too much too soon, then fell back with the overall market.
Tuesday's rise was more controlled, up to 1.26, then again slipped back with the overall market.
Today, Thursday, at Rm1.19 mid afternoon.....again down with the overall market.....disappointing.
See what tomorrow brings~~~~~
01/10/2020 2:50 PM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.nst.com.my/business/2020/10/629665/solarvest-did-not-rule-out-bidding-sizable-projects-east-malaysia
05/10/2020 5:13 PM
TreeTopView Thanks for the article, buddy.

It's certainly a growth industry and still in its infancy in Malaysia. Plenty opportunities for the right operators to build a solid and sustainable business, so let's see if Solarvest are up to the challenge.

Early days but it looks like they are on the right track.
06/10/2020 9:43 AM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.thesundaily.my/business/malaysia-s-largest-floating-solar-power-plant-comes-onstream-FH4458315
07/10/2020 9:09 AM
TreeTopView Thanks again for posting the article.

Have you invested in Solarvest yet?
07/10/2020 10:03 AM
SHAH NURSYAHMIAIMAN NOOR JALAINI Yes, this company has bright future ahead
07/10/2020 10:28 AM
TreeTopView Any idea when they are moving to the main market of the exchange? I can't see any official date yet but I may have missed that information.

That MIGHT be a catalyst for some price movement as fund managers/Institutions could possibly add it to their energy portfolios. Purely a guess though.
There has been some significant individual buys over the last week or so, perhaps they are already taking positions.......just speculating again though.

Best of luck !!
07/10/2020 12:07 PM
SHAH NURSYAHMIAIMAN NOOR JALAINI 9. ESTIMATED TIME FRAME FOR THE COMPLETION OF THE PROPOSED TRANSFER
Barring any unforeseen circumstances, the Proposed Transfer is expected to be completed in the second half of 2020.

10. APPLICATION TO THE AUTHORITIES
The application to the relevant authorities on the Proposed Transfer is expected to be made
within 2 months from the date of this announcement.

This announcement is dated 1 September 2020
07/10/2020 2:23 PM
TreeTopView SHAH NURSYAHMIAIMAN NOOR JALAINI........Thanks for the info.

So either this month or next month.....most likely next month.

Seems we are the only ones in here interested in this company :)
07/10/2020 2:57 PM
Aries Someone just doesn't let the share price move, hence there is not much buying interest for Slvest eventhough it has a lot of projects in its order book.
07/10/2020 9:19 PM
TreeTopView Aries, I agree with your comment that there seems to be a capper there keeping the price in check.
I mentioned in here almost 2 weeks ago that the chart was looking sweet and had an initial target of 1.38, however it only reached 1.29 intraday then fell away. I've kept a close eye on the buys since then and it does appear to now be in an accumulation phase.
It appears someone wants to hold it but also pick up stock along the way, as there have been some solid individual buys (200K-300K shares) actually chasing the shares when they can't ge their order filled at these current levels. Monday and Tuesday this week was a perfect example of that, with a couple of buyers chasing it to 1.26/1.27.
My gut feeling is to expect a sustained price move closer to the time of Main Board listing and the Quarterly report.
As for now, buy and hold and be patient, in my opinion.
All the best.
09/10/2020 10:14 AM
TreeTopView Technically my indicators are showing neutral. What is clear though is a tightening of the Bollinger Bands over the last month. The BB gap (top to bottom variance) has closed from 30 points to 15 points today, which I like.
Expecting more of the same in the very short term, unless someone has a rush of blood to the head and buys big bundles :)
09/10/2020 10:37 AM
Foker Very soon, Samaiden will become more expensive than solar vest
09/10/2020 12:14 PM
Aries If you look at the weekly chart , the RSI is at the oversold region. the number of shares issued only 390.623 m. Hence , I think some party is capping the share price for accumulation. So no worry , just keep our shares and wait patiently.
09/10/2020 3:59 PM
TreeTopView A new article that is well worth a read for Solarvest holders and others interested in getting into solar companies.

https://www.klsescreener.com/v2/news/view/737975/big-break-for-small-players
10/10/2020 8:59 AM
TreeTopView There goes the buyer/accumulator hitting it yet again.
It was sitting at 1.24-1.25 and at 11.45am some good fellow took everything out up to 1.27, 496K.
12/10/2020 11:50 AM
Aries Continue to wait and see what games they are playing.
12/10/2020 12:09 PM
TreeTopView I wish they had waited a bit longer as I was trying to top up with some more at 1.24....gggrrrr
12/10/2020 12:19 PM
Aries You might able to get it , they won't let the share price to go up so soon.
12/10/2020 12:32 PM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3095596
12/10/2020 6:49 PM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3096736
15/10/2020 7:10 PM
TreeTopView It looks like this is turning into a solid growth story.
Already outgrowing their current premises and planning for a bigger future.
Nice and steady, please.
16/10/2020 9:14 AM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.theedgemarkets.com/article/solarvest-poised-ride-prospects-domestic-solar-industry-says-kenanga
16/10/2020 9:47 AM
TreeTopView Thanks for the report, buddy.
I see they mention a first technical resistance at 1.37, I mentioned 1.38 a couple of weeks ago so I wont argue with that :)

Ideally a move up to that price region before the quarterly and Main Board listing would set it up nicely for a solid break up.

All IMO though.
16/10/2020 10:02 AM
klkk But there's obviously some force preventing the price from moving up for the time being, for some reasons.
16/10/2020 11:34 AM
TreeTopView klkk.......could the reason be in yesterday's company announcement?

It would make sense, purely speculating though.

As for the capping, I'd rather be holding shares in a company that appears to be capped, than a company whose shares are being artificially held up.

Something has to give, eventually.
16/10/2020 3:11 PM
Bursa1575 Solar photovoltaic (PV) system specialist Solarvest Holdings Bhd, which is seeking a listing transfer from the ACE Market to the Main Market of Bursa Malaysia, said its project pipeline is robust and has received tender invites to bid for overseas and domestic projects.

For overseas projects, Group CEO Davis Chong Chun Shiong (pic below) told StarBiz that in Taiwan, it has Identified a local joint-venture partner and targetted to enter that market by year-end.

“We are bidding for engineering, procurement, construction and commissioning (EPCC) projects in Taiwan and hope to secure the projects based on our track record.

“In the Philippines, we have partnered with renowned energy player Vivant Corp and have clinched two pilot projects.
19/10/2020 8:47 AM
Bursa1575 “At the same time, we are in talks for more projects in the Philippines and to tap into Vivant’s solar investment plans there, ” he said.

Solarvest made its maiden expansion beyond the Malaysian market after securing two contracts for solar rooftop projects in the Philippines in April this year.

The overseas expansion plan is crucial in diversifying the company’s portfolio in the long run, Chong said, adding that it is working with local energy players to fast-track its market penetration in the two countries.

He said Solarvest has also set up its team there to kick start project bidding activities.
19/10/2020 8:47 AM
Bursa1575 Chong said: “For the longer term, we are diversifying our business geographically to disperse the risk of over reliance to any single market. Our aim is to grow our overseas portfolio to a sizeable portion in the next three to five years.”

As for its overseas markets, he said the company is on the lookout for potential merger and acquisition opportunities to expedite its expansion plans.

“We are open to potential synergistic investments that are within our financial and risk appetite. Under the current market conditions, valuations of assets are attractive for us to consider.

“We believe that we are currently in a comfortable position to access the possible options given our solid financial strength, ” he said.

As of June 30,2020, the group remains in a net cash position of RM46.6mil.

In Malaysia, Chong said its focus remained on organic growth and the company intended to expand its solar assets portfolio.

He said the company is also currently bidding for several large-scale solar assets under the large scale solar@mentari programme.

Early this month, Solarvest announced it has commissioned the country’s largest floating solar plant, the group’s ninth large scale solar (LSS) project.

The 13MWp solar power facility, which was built on a former mining lake in Dengkil, Selangor, spans about 53ha or the size of 30 football fields.

UOB Kay Hian in a recent report said smaller players like Solarvest would be the bigger beneficiaries of the 1,000MW power plant projects under the LSS4 scheme, as it would be divided into smaller generation capacity projects.

The research house said the tender capacity for LSS4 would range from 10MW to 50MW for each bid, with up to 20 projects to be awarded by this December.

It noted that EPCC players like Solarvest are bidding to be asset owners to reduce their dependency on EPCC contracts that are lumpy and short-term in nature. This would help boost their recurring income, backed by long-term 21-year renewable energy power purchase agreement offtaker, Tenaga Nasional Bhd (TNB).

On the company’s business outlook for this year and in 2021, Chong said despite the short-term setbacks from the Covid-19 pandemic, he remains optimistic underpinned by the rising demand for solar PV systems across various segments.

“We believe this is an opportune time for us to shine and we are seizing opportunities during this unprecedented period. While the initial capex for the solar PV systems could be sizeable, in the long run it provides cost savings for the consumers.

“The economic benefits are also appealing for corporates who are looking for ways to reduce their operating costs. Hence, we believe the uptake of solar energy will continue to be on the rise, ” he said.

He said there is also more investments inflow for solar projects as corporates are diversifying their revenue stream. Furthermore, there is still a big gap to be filled in the renewable sector as the country moves towards its 20% clean energy mix goal by 2025, he noted.
19/10/2020 8:48 AM
SHAH NURSYAHMIAIMAN NOOR JALAINI https://www.klsescreener.com/v2/news/view/741763/solarvest-rides-on-green-energy-boom
19/10/2020 9:40 AM
Aries Slvest share price is stagnant for the time being until the private placement price is fixed.
19/10/2020 7:23 PM
EatCoconutCanWin buy a bit
20/10/2020 10:02 AM
klkk It's a good chance to buy knowing why the price is suppressed for the time being.
20/10/2020 9:53 PM
Aries Yeah, they can't hold the price forever.
21/10/2020 3:41 PM