RE stocks climb on Cress push, Solarvest and Samaiden hit record highs. September 20, 2026 @ 9:37pm KUALA LUMPUR: Renewable energy stocks bucked the broader market weakness on Bursa Malaysia on Monday, with Solarvest Holdings Bhd and Samaiden Group Bhd surging to fresh all-time highs. The gains followed the government's introduction of the Corporate Renewable Energy Supply Scheme (Cress) Acceleration Package last Friday. At 11.03am, the Bursa Malaysia Energy Index rose 8.16 points, or 0.99 per cent, to 828.78, even as the broader market remained largely in the red. The benchmark FTSE Bursa Malaysia KLCI fell 1.21 points, or 0.07 per cent. Main Market-listed Solarvest opened nine sen, or 2.70 per cent, higher at RM3.42 from RM3.33 before climbing as much as 47 sen, or 14.11 per cent, to RM3.80. At 11.40am, the stock was trading 36 sen, or 10.81 per cent, higher at RM3.69, with more than 7.2 million shares changing hands. At that price, Solarvest had a market capitalisation of about RM3.6 billion. Samaiden also hit a record high, rising as much as 35 sen, or 17.95 per cent, to RM2.30, marking its biggest single-day gain this year. At 11.40am, the stock stood at RM2.25, up 30 sen, or 15.38 per cent, with more than four million shares traded, valuing the company at about RM1.25 billion. ACE Market-listed Pekat Group Bhd also rose 12 sen, or 5.69 per cent, to RM2.23, with more than 2.78 million shares traded. Its market capitalisation stood at about RM1.58 billion. Northern Solar Holdings Bhd climbed 6.5 sen, or 9.42 per cent, to 75.5 sen, its highest level in more than 11 months, with more than 4.14 million shares changing hands. Its market capitalisation stood at about RM298.7 million. The Cress Acceleration Package sets the System Access Charge (SAC) at 14 sen per kilowatt-hour for firm green electricity supply and requires projects seeking the special rate to achieve commercial operation by Dec 31, 2028. It also sets a minimum 10-year contract period between renewable energy developers and green consumers. Hong Leong Investment Bank Bhd (HLIB) analyst David Ng said the package could accelerate project negotiations, with Solarvest and Samaiden potentially securing their first Cress projects within the next three months. Ng said Cress projects had previously been slow to progress as renewable energy developers and green consumers took time to negotiate commercially viable terms. "We expect developers and data centre offtakers to accelerate negotiations and lock in projects. "This should drive stronger Cress news flow and deal announcements in the fourth quarter of 2026 and first quarter of 2027, in our view," Ng said in a note today. With solar projects typically requiring about 18 to 24 months to build and commission, he said the 2028 deadline leaves a relatively tight window for developers to secure contracts, reach financial close and begin construction. "Hence, we expect Solarvest and Samaiden to secure their first Cress project in the next three months," he said. HLIB raised Solarvest's earnings forecasts for FY27, FY28 and FY29 by 35.1 per cent, 33.2 per cent and 33 per cent, respectively, mainly to reflect higher order book and margin assumptions. The firm maintained its "Buy" call on Solarvest and raised its target price to RM4.85 from RM3.59 previously. For Samaiden, HLIB raised its FY27 and FY28 earnings forecasts by 42 per cent and 48 per cent, respectively, mainly on higher order book assumptions. It reinstated its "Buy" call on the stock with a higher target price of RM3.13 from RM2.35. HLIB said Samaiden has an RM3.5 billion tender book, with about 70 per cent comprising Cress projects, providing stronger visibility for order book replenishment over the next two years. The firm also maintained its "Overweight" rating on the renewable energy sector, citing the continued expansion of Malaysia's data centre industry and expectations that the Cress Acceleration Package will speed up project development.

Solarvest Q1 earnings up 19.8pct on stronger revenue, associate contributions. August 19, 2026 @ 1:18am KUALA LUMPUR: Solarvest Holdings Bhd's net profit rose 19.8 per cent to RM19.02 million in the first quarter ended June 30, 2026, from RM15.87 million a year earlier, driven by higher revenue and increased contributions from associates and joint ventures. Revenue grew 13.2 per cent to RM155.93 million from RM137.74 million, mainly supported by utility-scale projects, including multiple Large Scale Solar 5 (LSS5) developments and ongoing works under the Corporate Green Power Programme. In a bourse filing, Solarvest said the renewable energy (RE) industry continued to have positive prospects, underpinned by the government's target to increase RE's share of the national energy mix to 70 per cent and achieve net-zero emissions by 2050. As at end-June, Malaysia had reached nearly 33 per cent installed RE capacity, reflecting continued progress in clean energy infrastructure and the country's energy transition. "Looking ahead, solar energy is expected to remain the primary driver of RE growth, supported by continued policy initiatives and capacity expansion, with the power sector targeted to achieve 40 per cent RE capacity by 2035," it said. Solarvest said it remains focused on growing its order book by tapping opportunities under LSS6, the Corporate Renewable Energy Supply Scheme and the Solar Accelerated Transition Action Programme. Its unbilled order book stood at RM2.37 billion as at June 30, 2026, which will be recognised in the financial years ending March 31, 2027 and 2028.