[Solarvest (0215) -IPO shares]

Solarvest Holdings Berhad is a holding company that provides engineering, procurement, construction, commissioning, management, and operation and maintenance services for solar projects through its subsidiaries.

The Solarvest IPO stock price was RM 0.35, and the market opened at RM 0.60 on the first day, which is an amazing increase. As of today, Solarvest's share price closed at RM 0.795 (a 127% increase) with a market capitalization of RM 390mil.

With the performance of the past few years, the company's growth rate is amazing.

Turnover / Net profit margin
2019: RM112.201 mil / 9.9%
2018: RM45.069 mil / 18.3%
2017: RM39.009 mil / 16.7%
2016: RM35.286 mil / 11.8%

Solarvest will spend the funds raised in the listing

• Business expansion: 8.7%
• Capital expenditure: 11.5%
• Working capital: 55.5%
• Repayment debt: 14.5%
• Listing costs: 9.8%

Business Distribution:
Solarvest's business is distributed in Investment Holding, EPCC of Solar energy solution, O & M of solar energy system, Sales of electricity through solar energy

At present Solarvest's largest business comes from EPCC of Solar Energy Solution, about RM 142.6mil and with profit RM 9.8mil

The solar photovoltaic industry is still optimistic in Malaysia, coupled with the government's support for solar energy, it even sets 20% of its electricity from solar energy.

In 2018, Solar Pv's capacity in Malaysia was 438MWp. 2023 target is 3,322MW

Solarvest will continue to bid for new contracts to increase the company's orders. At present, the unbilled order is RM 184.5m, which will provide profit for the company in FY2020 & FY2021.

Louis Yap

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