PETALING JAYA: Solarvest Holdings Bhd ’s recent contract win would likely contribute about RM7mil in profit before tax over financial years 2026 (FY26) to FY28. The company remains on track to achieve its target of a RM2bil order book for FY26 with RM1bil worth of engineering, procurement, construction and commissioning (EPCC) contract anticipated in the fourth quarter of financial year 2026 (4Q26). Solarvest won an EPCC contract to develop a 36MW solar photovoltaic plant under a LSS5+ programme in Padang Siding, Perlis. Phillip Capital Research maintains its “buy” rating with an unchanged target price (TP) of RM3.80 a share. “Hence, we believe current levels present an attractive re-entry opportunity to the renewable energy sector, which is undergoing a secular growth trajectory,’’ said RHB Research.

Source: The Star March 20, 2026 02:05 UTC