SLVEST

Sector: Industrial Product & Services (Solar EPCC)

This week, SLVEST was awarded a LSS4 EPCC contract worth RM87.5mil. RHB analysts expect SLVEST to continue winning LSS4 EPCC contracts, which could be up to RM600 mil as the company is one of the leading Solar system EPCC companies in the country.

Chart wise, SLVEST has been on a downtrend since it reversed from its high of RM1.90 region. Currently trading at RM1.15, SLVEST has dropped quite significantly since the announcement of LSS4 earlier of the year. EMA 25/50 are trending down as well. However, its share price has rebounded this week at the support region of RM1.10. The rebound has to be confirmed as the price is still below EMA25 and 50. In addition, investors are advised to monitor and wait for higher lows and higher highs as confirmation.

Reason to Monitor: Project award news

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NOTT INVEST 

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