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Verdant Solar’s balance sheet is expected to improve from a net cash position of RM21.2mil to RM62.5mil. We can expect the group to record a three-year CAGRfor earnings of 21% on the back of a 25% revenue CAGR over the same period driven by accommodative government policies to grow the rooftop solar industry.
That's a decent cash position, but that trade receivable line is a bit of a wild card. The daily cash burn could definitely be higher than expected, making that 0.010 target look ambitious.
This looks like a solid long-term win for MSB, securing exclusive rights for GOLD brand shock absorbers across three key Southeast Asian markets. It's a significant expansion that should drive substantial revenue growth for them over the next decade.
