Solarvest Holdings Berhad - Expanding Presence to Vietnam
Wed, 24-Jul-2024 07:07 am
by Tan Sue Wen • Apex Research

Counter

SLVEST (0215)

Target Price (RM)

1.95

Recommendation

Hold

• Collaboration with Tralytex aims to develop solar projects in Vietnam.

• Aligns with ambitious of PDP8, which targets to ramp up renewable energy total installed capacity to 30% by 2030 and 50% by 2050.

• We downgrade our recommendation to HOLD with an unchanged target price of RM1.95 by pegging by Sum-of-Parts (SOP) valuation.

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Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

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