Broker Name: Maybank Investment Bank Berhad
Date of Report: March 19, 2026
Excerpt from Maybank Investment Bank Berhad report.
- Solarvest Holdings has secured a new MYR89.5m EPCC contract for a 36MW solar farm under the LSS5+ programme, increasing its total outstanding orderbook to MYR1.6b.
- The company is well positioned to achieve further orderbook growth to MYR2.5-3b by FY26, supported by expected new contract wins, particularly from its 20% stake in a 470MW project with Malakoff.
- Solarvest remains a top pick in Malaysia’s renewable energy sector with over 30% market share, benefiting from the nation’s energy transition policies.
- Financially, Solarvest’s revenue and core net profit are expected to see robust growth through FY28, driven by strong EPCC wins and expansion into recurring income streams and new energy verticals.
- The report reaffirms a BUY rating with a SOTP-based target price of MYR3.72, viewing current share price weakness as a buying opportunity.
Report Summary
- Solarvest secures major solar contract, boosting orderbook and reinforcing sector leadership.
- Strong growth outlook with robust financials and expansion into new renewable energy verticals; Maybank maintains BUY rating with upside potential.
Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website: https://www.maybank.com/investment-banking
