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Verdant Solar plans to deploy its RM27.14M IPO funds to set up new branch offices across Peninsular Malaysia, upgrade digital infrastructure, and explore strategic M&A opportunities
Verdant Solar Holdings Bhd (KL:VERDANT) returned to the black in its fourth quarter, posting a net profit of RM1.53 million as higher project completions and billings more than doubled revenue from the preceding quarter
Mbright looks steady enough but the volume still needs to pick up more for that big breakout, can monitor on the accumulation phase because once the momentum hits it should climb quite fast
This Verdant looks like potential explosive growth so just hold steady while the market prices in the long term value, confirm that volatility will be insane but the fundamentals are strong enough to make this a decent play
This is why I wouldn’t be too concerned about every red day lah. For a company with strong growth prospects, the market needs time to digest the numbers and reset expectations
The potential 250MWac SuRIA-backed residential solar installations translate into engineering, procurement, construction and commissioning (EPCC) prospects worth an estimated RM875 million to RM1 billion.
Northern Solar Holdings Bhd (KL:NORTHERN) and Verdant Solar Holdings Bhd (KL:VERDANT) are among the key beneficiaries of the SuRIA incentive given their exposure to rooftop solar.
Government is urging more households and businesses to go for rooftop solar, especially with electricity prices going up and the global energy situation still uncertain
