Solarvest Shines On Outstanding Orderbook
Solarvest Shines On Outstanding Orderbook
Solarvest Holdings Berhad's (Solarvest) RM242m outstanding orderbook as at end-FY24 provides earnings visibility into FY25E and this can extend into FY26E from potential Corporate Green Power Programme (CGPP) contract awards on engineering, procurement, construction, and commissioning (EPCC) works which could lift its orderbook by about MYR1b.
Solarvest Holdings Berhad（Solarvest）截至24財年末的2.42億令吉的未清訂單爲FY25E 的收益提供了可見性，這可以延伸到潛在的企業綠色能源計劃（CGPP）工程、採購、施工和調試（EPCC）工程合同授予的 FY26E，這可能會使其訂單量增加約10億林吉特。
Maybank Investment Bank (Maybank IB) maintained their earnings forecasts, having already imputed MYR1b job wins in FY25E. There is no change to their TP and BUY call.
馬來亞銀行投資銀行（Maybank IB）維持了他們的收益預期，已經在 FY25E 中估算了10億英鎊的就業機會。他們的目標和買入看漲期權沒有變化。
Maybank IB remains upbeat on Solarvest's prospects in growing its orderbook and asset base amid strong demand for RE in medium to longer term.
在中長期對可再生能源的強勁需求下，馬來亞銀行IB對Solarvest擴大其訂單量和資產基礎的前景仍然持樂觀態度。
With the completion of all 11 LSS4 projects in FY24, Solarvest is now expecting the award for about 443MWp of CGPP EPCC projects, implying MYR1b rise in orderbook replenishment starting from 2Q-3QFY25E.
隨着所有11個LSS4項目將於24財年完成，Solarvest現在預計將獲得約443MWp的CGPP EPCC項目的授權，這意味着從 2Q-3QFY25E 開始，訂單補給量將增加1億馬幣。
Beyond CGPP, Solarvest's EPCC orderbook could expand further to include the Commercial & Industrial (C&I) projects with a target replenishment of MYR50m/quarter.
除CGPP外，Solarvest的EPCC訂單簿可能會進一步擴大到包括商業和工業（C＆I）項目，目標補給量爲每季度5000萬令吉。
Maybank IB also looks forward to Solarvest's participation in the new RE quota of 2GW under LSS5 to grow its orderbook, and asset base.
馬來亞銀行興業銀行還期待Solarvest參與LSS5下新的2GW可再生能源配額，以擴大其訂單量和資產基礎。
Solarvest has secured a cumulative 23.5MWp of overseas projects in FY24. Into FY25E, it targets for 200MWp of solar rooftop and large-scale projects to materialise. In Jun 2024, it announced a strategic collaboration with GreenRock Energy, targeting for 1GW of RE projects in the next five years.
Solarvest已在24財年累計獲得23.5兆瓦的海外項目。在 FY25E 中，它的目標是實現 200MWp 的太陽能屋頂和大型項目。2024年6月，它宣佈與格林洛克能源公司進行戰略合作，目標是在未來五年內建設1吉瓦的可再生能源項目。
Solarvest has a tenderbook of 2.04GW for overseas projects as at end-May 2024, Maybank IB said in a note today.
馬來亞銀行興業銀行在今天的一份報告中表示，截至2024年5月底，Solarvest的海外項目招標書爲2.04吉瓦。
Solarvest proposed a private placement of up to 40.2m new shares, to raise approximately MYR56.7m (based on MYR1.41/sh), primarily to be used as capex for its C&I rooftop and CGPP projects.
Solarvest提議私募高達4,020萬股新股，籌集約5,670萬令吉（按每股1.41令吉計算），主要用作其C&I屋頂和CGPP項目的資本支出。
Maybank IB understands that Solarvest is also planning another fundraising to support its future RE asset investments. Solarvest has a net gearing of 0.3x as at end-FY24.
馬來亞銀行IB了解到，Solarvest還計劃進行另一次籌款，以支持其未來的可再生能源資產投資。截至24財年末，Solarvest的淨資產負債率爲0.3倍。
譯文內容由第三人軟體翻譯。