SOLARVEST HOLDINGS BERHAD

KLSE (MYR): SLVEST (0215)

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Last Price

1.57

Today's Change

0.00 (0.00%)

Day's Change

1.57 - 1.59

Trading Volume

86,200


6 people like this.

4,829 comment(s). Last comment by kevinobc 2 weeks ago

kk7198

2,483 posts

Posted by kk7198 > 2019-11-22 20:30 | Report Abuse

f1888, V Solar is a con company,better don't touch.They don't have solar farms nor factory producing solar panels.

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-22 21:06 | Report Abuse

After list EPs how many

Posted by azdrichwork > 2019-11-23 18:40 | Report Abuse

TP60

Posted by speedlikecy > 2019-11-25 15:15 | Report Abuse

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%)

Kenanga Research: RM 0.430 (+22.86%)

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-25 16:27 | Report Abuse

If Tml open too high don’t chaos

ChefSaham

516 posts

Posted by ChefSaham > 2019-11-25 19:52 | Report Abuse

anyone check their account already, is your shares been allocated to your cds account?

jenlong

9 posts

Posted by jenlong > 2019-11-25 20:07 | Report Abuse

@ChefSaham, Yes, it's in my CDS account.

ChefSaham

516 posts

Posted by ChefSaham > 2019-11-25 20:32 | Report Abuse

how to check?

Primeinvestor

1,454 posts

Posted by Primeinvestor > 2019-11-25 20:40 | Report Abuse

Another mtag tomorrow, open high close low

goldmind

12 posts

Posted by goldmind > 2019-11-25 22:25 | Report Abuse

SOLARVEST - The Last and the Best IPO in 2019?
https://klse.i3investor.com/blogs/Solarvest/239892.jsp

ChefSaham

516 posts

Posted by ChefSaham > 2019-11-25 23:32 | Report Abuse

confirm plus chop at least 15% gain

ChefSaham

516 posts

Posted by ChefSaham > 2019-11-25 23:32 | Report Abuse

too hot already this ipo many ppl will rush in to buy including me although i got some lots from ipo subscribtion

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-26 00:13 | Report Abuse

Take profit never wrong

DRwarrant

8,354 posts

Posted by DRwarrant > 2019-11-26 07:08 | Report Abuse

Chin Hin reports 3Q profit rise, sees Solarvest as growth driver
Wong Swee May
/
theedgemarkets.com

November 25, 2019 16:53 pm +08
KUALA LUMPUR (Nov 25): Chin Hin Group Bhd, which reported today a 15.16% rise in third quarter net profit to RM7.37 million, said it is confident that its associate Solarvest Holdings Bhd could be the next earnings growth driver for the building material distributor.

In a Bursa Malaysia filing today, Chin Hin said the order book of Solarvest remains strong.

"Our associate company Solarvest, slated to debut on the ACE Market of Bursa Malaysia on Nov 26, is planning to raise RM34.59 million from its initial public offering (IPO).

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"Proceeds from the IPO will be channelled into the expansion of its solar business in the southern region of Peninsular Malaysia and into overseas markets such as Taiwan and Vietnam. Solarvest is currently working on a request for information in Sarawak and Brunei for a large-scale solar farm.

"The order books of Solarvest remain strong with their healthy sales funnel," Chin Hin said.

According to Solarvest's earlier Bursa filings and media statement, it is scheduled to be listed tomorrow (Nov 26). Upon listing, Solarvest said it will have market capitalisation of RM136.71 million based on its issue price of 35 sen a share and the company's enlarged share capital of 390.6 million shares.

According to Solarvest, Bursa Main Market-listed Chin Hin owns a 45% stake in Solarvest. Upon completion of Solarvest's IPO, Chin Hin's shareholding in Solarvest will be approximately 33.6%.

Today, Kenanga Investment Bank Bhd analyst Teh Kian Yeong wrote in a note that Kenanga projects Solarvest to register more than 20% annual earnings growth for the next two years on orderbook of RM184.5 million.

Solarvest's financial year ends in March.

"Once listed, it will be the only 'pure solar PV (photovoltaic)' player in the local bourse. At (an) IPO price of 35 sen, which is valued at historical FY19 PER (price-earnings ratio) of 12.3x, it is fairly (valued) within the range of utility sector's valuation of 13x.

"However, for a small company seeking listing, the offer is not attractive enough. We believe the stock should be valued at prospective FY21 PER of 10x, which is similar to utilities EPCC (engineering, procurement, construction and commissioning) contractor Pestech International Bhd's current price valuation of 9.8x PER. As such, Solarvest is fairly valued at 43 sen," Teh said.

Chin Hin reported today a 15.16% rise in net profit to RM7.37 million for the third quarter ended Sept 30, 2019 (3QFY19) from RM6.4 million a year earlier.

Chin Hin said 3QFY19 revenue rose to RM283.2 million from RM278.71 million in the year-ago quarter.

"The increase in revenue for the current quarter [was] mainly due to higher revenue from our manufacturing of autoclaved aerated concrete (AAC) and precast concrete, the manufacturing of fire-rated and wooden door sector and the modular building solutions sector despite the decrease in revenue from the distribution of building materials and logistics services, ready-mixed concrete sector and the manufacturing of wire mesh segment," Chin Hin said.

For 9MFY19, Chin Hin said cumulative net profit rose to RM16.92 million from RM14.72 million a year earlier. Revenue, however, was lower at RM775.89 million versus RM828.34 million previously.

sensonic

690 posts

Posted by sensonic > 2019-11-26 08:41 | Report Abuse

LISTING TODAY. WATCH OUT AT 9AM.

fl888

7,693 posts

Posted by fl888 > 2019-11-26 08:52 | Report Abuse

Below 30cts, better buy...

DRwarrant

8,354 posts

Posted by DRwarrant > 2019-11-26 08:54 | Report Abuse

ATTACCKKKKKKKKKKKKKKKKKKKKKKKKKKK !!
TP RM 1.75 LIMIT UP

steven rt

190 posts

Posted by steven rt > 2019-11-26 09:01 | Report Abuse

Malaysia hasn't gone big on solar energy so where is the growth for this counter? Just wondering!

Posted by Isaac Chow > 2019-11-26 09:05 | Report Abuse

80% up, fuyoh

icecool

4,949 posts

Posted by icecool > 2019-11-26 09:06 | Report Abuse

goreng goreng

Posted by vennxaun > 2019-11-26 09:10 | Report Abuse

100% up..

Posted by Maximillioneddy > 2019-11-26 09:10 | Report Abuse

100% haha

Posted by Miz Raya Bloom > 2019-11-26 09:12 |

Post removed.Why?

Posted by FlyingDragon > 2019-11-26 09:13 | Report Abuse

Awesome

flexibt

462 posts

Posted by flexibt > 2019-11-26 09:13 | Report Abuse

on d way down

pang72

50,946 posts

Posted by pang72 > 2019-11-26 09:15 | Report Abuse

Buy 74c... Sell 64c...?

chl1989

2,552 posts

Posted by chl1989 > 2019-11-26 09:31 | Report Abuse

easy profit :)

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-26 09:33 | Report Abuse

No much tiok ipo de
Chihin boss earn siao

Posted by Miz Raya Bloom > 2019-11-26 09:36 | Report Abuse

keluarr dah tinggi kalau keluar 50 sen boleh ku consider

fl888

7,693 posts

Posted by fl888 > 2019-11-26 09:38 | Report Abuse

More than 11 times VSolar.by new kid on the block....shame on ageing VSolar

Chokhmah

256 posts

Posted by Chokhmah > 2019-11-26 09:38 | Report Abuse

sad case, did not get...

xuxu

5,782 posts

Posted by xuxu > 2019-11-26 09:41 | Report Abuse

actually it should be worth how much ?? i m doubt

xuxu

5,782 posts

Posted by xuxu > 2019-11-26 09:42 | Report Abuse

haha

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-26 09:43 | Report Abuse

Run before too late

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-26 09:44 | Report Abuse

Buy when ipo price

factslim1

48 posts

Posted by factslim1 > 2019-11-26 09:48 | Report Abuse

Solarvest Holdings Bhd said today its initial public offering's (IPO) Malaysian public portion was oversubscribed by about 35 times after 10,205 applications for 708.32 million new shares were received for the 19.53 million new shares allocated.

Solar-photovoltaic specialist Solarvest's IPO for its Bursa Malaysia ACE Market listing involves a public issue of 98.83 million new shares at 35 sen each to raise RM34.59 million for the company.

SinGor

4,874 posts

Posted by SinGor > 2019-11-26 09:49 | Report Abuse

The biggest Solar Panel Manufacturer for Green Power is Marubeni, Japan. Now in 49/51 JV with
OskH bidding for LSS3. OskH is 10X bigger then SolarV

Posted by Miz Raya Bloom > 2019-11-26 09:52 | Report Abuse

MTAG dulu naik sampai 70 sen lepas tu gostan juga sampai 40 sen. Untung kalau beli semasa IPO. Kalau nak juga beli baiklah tunggu bawah 50 sen, just saying!

Tripaka

2,946 posts

Posted by Tripaka > 2019-11-26 10:06 | Report Abuse

Nice pump... Dump.

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-26 10:14 | Report Abuse

Tripaka ... yes , people are dumping]

Posted by Rajamannan Rsp > 2019-11-26 10:29 | Report Abuse

Chin Hin reports 3Q profit rise, sees Solarvest as growth driver..

MingGoon

1,774 posts

Posted by MingGoon > 2019-11-26 10:30 | Report Abuse

mostly people sell already, nobody wants to buy already, so fast down...
what a disappointment
Pity those who bought at the highest 0.735
Solar - less than 1 hour show only

xuxu

5,782 posts

Posted by xuxu > 2019-11-26 10:31 | Report Abuse

pump and dump time is still early to talk about it. lets see

Posted by Rajamannan Rsp > 2019-11-26 10:31 | Report Abuse

According to Solarvest, Bursa Main Market-listed Chin Hin owns a 45% stake in Solarvest. Upon completion of Solarvest's IPO, Chin Hin's shareholding in Solarvest will be approximately 33.6%.

Today, Kenanga Investment Bank Bhd analyst Teh Kian Yeong wrote in a note that Kenanga projects Solarvest to register more than 20% annual earnings growth for the next two years on orderbook of RM184.5 million.

Posted by Smartinvestor2030 > 2019-11-26 10:43 | Report Abuse

Too expensive on the first day of listing and overhyped!

Better swich to this cheapest O&G stock in town. https://klse.i3investor.com/blogs/thebesttips/239970.jsp

Posted by Rajamannan Rsp > 2019-11-26 10:43 | Report Abuse

Malaysian solar system installer Solarvest Holdings Bhd will build photovoltaic (PV) arrays with a total capacity of 4 MWp for Teo Seng Capital Bhd (KLSE:TEOSENG).

The investment holding company, specialising in poultry farming, said last week that it would invest around MYR 13 million (USD 3.1m/EUR 2.8m) in the rooftop solar systems to be installed across its chicken farms and factories in the state of Johor.

Sky Liew

940 posts

Posted by Sky Liew > 2019-11-26 10:57 | Report Abuse

Over jo
BAnker too Lihai Liao
Small kaki ipo 19m omly
Now trade 100m
Guest who sell out

apolloang

18,163 posts

Posted by apolloang > 2019-11-26 10:58 | Report Abuse

semua suka judi….kaki judi….hehe

Aristocats

7,640 posts

Posted by Aristocats > 2019-11-26 11:00 | Report Abuse

Wah, double oredy.
What happen?
So hot stock.
Many get double money making???

xuxu

5,782 posts

Posted by xuxu > 2019-11-26 11:00 | Report Abuse

still strong buying

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