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Verdant Solar's Q1 financial report demonstrates strong business performance, healthy profitability, and a solid balance sheet. More importantly, driven by the ATAP government support, the solar industry is entering a new phase of acceleration, with the penetration rate in the residential and light commercial markets expected to increase rapidly.
Support remains firm around RM0.380, providing a comfortable cushion for the current up-move. As long as this level holds, the upward bias stays intact. Failure to break below this support keeps the short-term outlook positive and protects the ongoing bullish setup.
TA Securities analyst has assigned a fair value of RM0.31 for PolymerLink Holdings’ upcoming IPO, implying a 24% upside from its IPO price of RM0.25. He likes the company for its established 11-year track record, experienced management team, and in-house R&D capabilities with 1,364 formulations. Also, the company has flexible manufacturing across Malaysia, the Philippines, and India — advantages that strengthen customer stickiness and support long-term growth.
