Something seems to be brewing here with volume increasing over the past 3 trading days (Wed, Thurs and Friday last week) with some signs that someone might be accumulating......
I watched the trades a bit closer on Thursday and Friday and it seems someone is keen to accumulate and takes decent sized chunks in single hits up to 1.35. The last hour on Friday was a bit quieter, however the 1.35 mark kept getting swept up, before someone closed it lower at 1.33 in the closing auction.
I still have Fib. points at 1.43 and 1.51 that are still active, so a break of the 1.34-1.36 area may make things a bit more interesting.
Solarvest Holdings Bhd’s (SLVEST) has demonstrated impressive and consistent earnings growth, with profits rising from RM200,000 in the first quarter of 2022 (1Q’22) to RM6.7 million in the first quarter of 2024 (1Q’24). SLVEST secured a significant contract from Toyo Tyre Malaysia in late August and, just last week, secured 11 solar PV projects in Vietnam, as reported by Malacca Securities Sdn Bhd....
The 1.38 level was rejected and couldn't be broken, probably more to do with overall market conditions than any other factors. The downside Fib points back then were 1.22 and 1.18. The eventual closing low over the past 2 month period was 1.20.
So for now, I still retain previous Fib points as my guide, meaning if it breaks 1.38 it could then take on 1.43 and 1.51 if the upward trend remains in place.
Although I'm a LT holder of Solarvest and Svest-WA, I decided to buy a trading parcel during the week purely on a technical basis.
SLVEST, SAMAIDEN & SUNVIEW's results all seems to stall due mainly to the competitive pricing of PPA of the LSS4 solar projects? A proper rework may be needed before launching the LSS5...
expect better profit in 2024 due to decreasing of material cost selection pick 1. solarvest (good track record, TOP pick) 2. sunview (cheap) 3. samaiden (expensive)
Rakuten Trade expects Solarvest rising momentum to steer the stock higher and test the next level of resistance of RM1.70 followed by RM1.85. A white Marubozu candlestick on Monday coupled with the supportive technical reading n improving exponential moving averages, Rakutan Trade said the stock may see additional strength going forward.
On Monday, it was announced that Bandar Utama City Centre Sdn Bhd had appointed Solarvest’s subsidiary Solarvest Energy Sdn Bhd to install the country’s largest on-site solar photovoltaic (PV) panels and building-integrated PV panels at the 1 Utama Shopping Centre.
Solarvest a beneficiary of ENEGEM platform. The setting up of the Energy Exchange Malaysia (Enegem) platform to facilitate cross-border trading of renewable energy (RE) is being viewed positively. Analysts noted that Singapore is looking to import up to 3.5 gigawatts (GW) of green electricity by 2035.
The Johor-Singapore Special Economic Zone (SEZ) is set to catalyze equity valuations in both Malaysia and Singapore. Solarvest is among d brokerage’s SEZ dozen picks listed on Bursa Malayia.
There's no doubt that China is dominating the solar panel industry by offering cheap solar panels, close to 50% cheaper than those US and Euro made panels.
My concern is what if China companies opt to bid for EPCC in Asean countries as well, will they just outbid everyone, including Solarvest?
Grateful if anyone could enlighten on this. Love Solarvest vision btw.
PETALING JAYA (Thursday, 09 May 2024): Packaging manufacturer and property developer Scientex Bhd. will tie-up with Solarvest Holdings Bhd to deploy a 21megawatt peak rooftop solar photovoltaic (PV) system at its facilities nationwide. The solar PV systems will be deployed across 10 key manufacturing plants nationwide and at its headquarters.
Solar Roof Tiles r d future of Eco Homes n friendly to home budget. Solar Roof Tiles r new invention that can help in saving energy n lowering d electricity bill.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UnicornP
2,751 posts
Posted by UnicornP > 2023-08-22 13:20 | Report Abuse
Getting better and better.