Solarvest Holdings Bhd has secured a RM104 million contract to build a solar power plant in Negeri Sembilan under the Corporate Green Power Programme (CGPP) initiative, lifting its year-to-date (YTD) contract aggregate to RM485 million, which is 74% of the company's 2024 target, according to Kenanga Investment Bank Bhd (Kenanga Research).
This is the company's third major contract win in financial year 20251, bringing its year-to-date (YTD) contract win total to RM485 million and placing the clean energy specialist in a good position to achieve its full-year target of RM654 million, already 74% accomplished as noted earlier.
The new contract also boosts Solarvest's outstanding order book to RM686 million.
Awarded by Suria Hijauan Sdn Bhd, a consortium comprising LBS Bina Group (not Rated), MWG Solar Energy Sdn Bhd and Ocean Solar Energy Sdn Bhd, the contract calls for the development of a 43 megawatt peak (mWp) solar power plant in Senawang, Negeri Sembilan, scheduled to be completed by the end of 2025.
Solarvest has operations in the Philippines, Indonesia, Vietnam, Singapore and Thailand. The company's energy profile includes one-stop solar photovoltaic (PV) installation, renewable energy certificates, battery energy storage system, electric vehicle (EV) charging solution, as well as innovative clean energy financing.
In the immediate term, analysts expect a strong influx of opportunities driven by the 800mW CGPP with an end-2025 completion deadline, and an additional 500mW quota under the Net Energy Metering (NEM) initiative.
Solarvest is projected to secure at least 30% of the total CGPP contracts estimated at RM2.4 billion, translating to RM720 million. Based on market estimate, nearly RM794 million worth of contracts were awarded over the past three months.
Kenanga Research favours Solarvest as the top pick of the industrial sector, while maintaining its OUTPERFORM call and target price of RM1.91, citing bright outlook for clean energy supported by the government, strong earnings visibility backed by sizeable outstanding order and tender books.
As at 12:35pm on Oct 10, Solarvest's stock traded at RM1.62. (Stock updates from Bursa Malaysia)
根据Kenanga Research的数据，根据企业绿色能源计划（CGPP）计划，Solarvest Holdings Bhd已获得一份10400万令吉的合同，用于在森美兰州建造一座太阳能发电厂，将其年初至今（YTD）的合同总额提高至48500万令吉，占该公司2024年目标的74％。
这是该公司在20251财年第三次赢得重大合同，使其年初至今（YTD）的合同总额达到48500万令吉，这使这家清洁能源专家处于有利地位，可以实现其全年65400万令吉的目标，如前所述，该目标已经完成了74％。
新合约还将Solarvest的未清订单量提高到68600万令吉。
该合同由包括LBS Bina集团（未评级）、MWG太阳能私人有限公司和海洋太阳能私人有限公司组成的财团Suria Hijauan Sdn Bhd授予，要求在森美兰州塞纳旺开发一座43兆瓦的峰值（mWp）太阳能发电厂，计划于2025年底竣工。
Solarvest在菲律宾、印度尼西亚、越南、新加坡和泰国开展业务。该公司的能源概况包括一站式太阳能光伏（PV）安装、可再生能源证书、电池储能系统、电动汽车（EV）充电解决方案以及创新的清洁能源融资。
分析师预计，在短期内，800兆瓦的CGPP将推动大量机会涌入，截止日期为2025年底，以及净能量计量（NEM）计划下额外的500兆瓦配额。
预计Solarvest将获得估计为24令吉的CGPP合约总额的至少30％，相当于72万令吉。根据市场估计，在过去三个月中授予了价值近79400万令吉的合同。
Kenanga Research将Solarvest视为工业板块的首选，同时维持其跑赢大盘的看涨期权和1.91令吉的目标价，理由是政府支持的清洁能源前景光明，盈利可见度强劲，并得到大量未兑现订单和招标书的支持。
截至10月10日下午12点35分，Solarvest的股票交易价格为1.62令吉。（来自马来西亚证券交易所的最新股票）
