Solarvest: The Most Anticipated IPO in 2019Author: Equiticcapital | Publish date: Thu, 21 Nov 2019, 5:50 PM
Solarvest Holdings Berhad
IPO Rating (4.5 out of 5.0 Stars) Market Cap: RM136.718 mil
Total Shares: 390.623 mil shares
The Most Anticipated IPO in 2019; First Pure Play Solar EPCC to be listed in Bursa
One-stop centre of solution for all available PV systems & model ranging from A to Z in Malaysia.
Net Cash company prior to listing with good gross margin, Return on Equity (ROE) and stable cash-flow despite aggressive expansion
Organic growth and expansion beyond local geographical location (Vietnam & Taiwan)
Most allocation of IPO fund will cater for expansion and project tender / bidding
Positive initiative and support from the government to introduce / encourage industry player and user to go green which includes tax benefit (GITA & CA) and attractive scheme (NEM 1 to 1 offset basis)
Large potential of market in future since the government target is to achieve 20% Renewable Energy penetration of total generation mix by 2025 from the current 5%
Fair Value from Research House Coverage
TA Securities : RM0.505 (+44.03%)
Public Investment Bank Berhad : RM0.590 (+68.57%)
Interpac Research: RM0.490 (+40.57%)
JFApex Research: 0.480 (+37.14%)
## SURE ANGPOW : RM 1.75 ( 400 % - LIMIT UP )