SLVEST

Sector: Industrial Products / Solar PV EPCC

Analyzed on 22/8/2021

Recap from our previous analysis, SLVEST has clinched a RM87.5m contract from Energy ES SB for LSS4 EPCC project. We did foresee SLVEST to face resistance at RM1.4 level and it did retraced as we have expected.

Although the recent retracement temporarily broke below EMA25/50, it quickly climbed back to EMA50 region, which shows an early sign of higher lows. Confirmation is required. RSI is also at an average level. With SLVEST Q1/2022 quarterly earnings around the corner, let’s see if it will boost SLVEST’s share price. If an uptrend continues, SLVEST will again face resistance at RM1.4 level.

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