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Solarvest Holdings Berhad (0215), Industrial Products&Services- Ace Market
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TSnexona88
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 Mar 16 2019, 06:52 PM, updated 5y ago
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IPO Details
98.83 million new shares, representing 25.3% of its enlarged share capital, in an initial public offering (IPO)
# 19.53 million shares are made available for public subscription, including Bumiputera public investors;
#19.53 million shares for eligible directors or employees,
# Placement of 20.70 million shares to selected investors,
# 39.06 million shares to selected Bumiputera investors approved by the Ministry of International Trade and Industry.
Reason of IPO
it will be using proceeds raised from the listing to fund its expansion to the Southern region of Peninsular Malaysia, where a sales representative office and service centre will be set up in Johor.
intends to expand to Asian markets such as Taiwan and Vietnam, where it plans to partner with experienced local companies to form joint venture entities to undertake solar photovoltaic projects.
proceeds raised will help fund the companyโs working capital and acquisition of project machinery and equipment, besides the upgrading of software, hardware and equipment, to support its plans to tender for and to complete more projects in Malaysia.
Background
In the past three years, its net profit has doubled from RM4.05 million (in its financial year ended March 31, 2016 [FY16]) to RM8.24 million in FY18, against a 28% growth in revenue to RM45.07 million in FY18 from RM35.29 million in FY16.
Solarvest is owned by AB Holdings (55%) and Main Market-listed Chin Hin Group Bhd (45%). Following the public share sale, their shareholdings will be reduced to 41.1% and 33.6% respectively.
Chin Hin gained entry into Solarvest in 2017, when it acquired a 45% stake in a solar system installer Atlantic Blue Sdn Bhd. Solarvest is one of Atlantic Blueโs associate companies.
This post has been edited by nexona88: Jul 25 2020, 06:39 PM
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TSnexona88
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Mar 22 2019, 06:55 PM
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QUOTE(Yggdrasil @ Mar 22 2019, 03:43 PM) But oil prices down now. If oil is cheaper, demand for alternative energy will fall down? from January, keep going up up.. around 66 USD/barrel and did u read today announcement on the retail petrol price... UP also  |
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TSnexona88
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Mar 22 2019, 10:58 PM
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QUOTE(Yggdrasil @ Mar 22 2019, 10:39 PM) Everyday move but it's still 50% cheaper than 5 years ago. With US producing more than it consumes through fracking, confirm it will become one of the largest oil producer one day. well it's endless posibility... who know future, don't even needed oil as there's cheaper alternative & it's more environment friendly too |
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TSnexona88
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Oct 2 2019, 08:34 AM
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Not buying anything then  |
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TSnexona88
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Oct 2 2019, 09:53 AM
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QUOTE(abdrahib @ Oct 2 2019, 09:23 AM) Closing 11/nov.Long time to go.By that time trade dispute between US/China may be ok. May be can subscribe by that time. Listing on 26/nov Endless possibilities ๐ Anything can happen.... |
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TSnexona88
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Oct 26 2019, 11:47 AM
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QUOTE(abdrahib @ Oct 26 2019, 10:25 AM) I believe in TA fair value,rather than other IB.So I will hentam kaw kaw. Mind asking why u believe in TA valuation?? Anything should I know about ๐ค |
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TSnexona88
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Oct 26 2019, 05:07 PM
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QUOTE(abdrahib @ Oct 26 2019, 03:36 PM) Nothing special.My own historical finding that I will adjust their price around 15 %top and bottom.So in this case the lowest will be around 42 sen and highest 57sen. So dont be disappointed if I am wrong. Ooh okay... Understand it now ๐ |
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TSnexona88
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Nov 11 2019, 01:26 PM
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Applied some for fun..
Good luck everyone
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TSnexona88
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Nov 14 2019, 12:50 PM
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TSnexona88
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Nov 14 2019, 02:29 PM
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QUOTE(4IPO @ Nov 14 2019, 02:27 PM)  If 0.81x  Endless possibility |
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TSnexona88
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Nov 14 2019, 06:32 PM
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TSnexona88
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Nov 14 2019, 06:33 PM
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not much meat....
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TSnexona88
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Nov 14 2019, 08:50 PM
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QUOTE(4IPO @ Nov 14 2019, 08:32 PM) Possibilities is there ๐ค |
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TSnexona88
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Nov 15 2019, 08:34 AM
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QUOTE(abdrahib @ Nov 15 2019, 08:15 AM) So with TIIH ,100 extra shares should be added in the application to be qualified in that category. Yes. Most time it's like that... Those newbie get trapped for not knowing the trick ๐ |
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TSnexona88
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Nov 19 2019, 12:23 PM
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QUOTE(SURE ANGPOW @ Nov 18 2019, 09:21 PM) Huh.. I'm disappointed.. Why not 1.88 as usual ๐ |
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TSnexona88
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Nov 19 2019, 02:33 PM
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QUOTE(SURE ANGPOW @ Nov 19 2019, 01:25 PM) Go to trading class The maximum on listing day is limit up 35 sen X 5 = RM 1.75 Oh sorry.. Forgotten about the limit up part ๐ Personally I don't think we can actually achieve that level... |
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TSnexona88
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Nov 19 2019, 08:03 PM
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QUOTE(SURE ANGPOW @ Nov 19 2019, 03:09 PM) can't rule out that >> since this IPO is damn HOT_TEST IPO in the previous 5 years after all this is the cheapest HOT SOLAR , even a minister joined the prospectus launching  :thumbsup: Yes Buy Buy Buy mode.. Goreng all the way.. Huat ๐ค |
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TSnexona88
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Nov 21 2019, 01:45 PM
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Good news.. 3.6mil net profit https://www.theedgemarkets.com/article/ace-...m-2q-net-profitThis post has been edited by nexona88: Nov 21 2019, 03:52 PM |
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TSnexona88
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Nov 21 2019, 03:54 PM
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QUOTE(tokkah @ Nov 21 2019, 02:19 PM) ???? RM 3.6 Million last Quarter . oh.. sorry.. |
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TSnexona88
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Nov 21 2019, 04:33 PM
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Solarvest to install solar panels at Teo Sengโs chicken farms, factories Teo Seng has earmarked a capital expenditure of about RM13 million for the installation of about 4,000 kWp (kilowattpeak) rooftop solar projects, according to its filing with the stock exchange.  |
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