Is SOLARVEST worth subscribing ? (The only analysis you need)
This would be my virgin post in English, I have read some analysis on the upcoming IPO of Solarvest, but so far that has not been any analysis that I agree with as most of them are incomplete and very superficial. So, I decide to write up my two cents on this upcoming IPO (Solarvest) and renewable energy industry. Image obtained from KLSE screener In recent 2020 budget announced by the government, with the announcement of the new Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) receiving an extension to year 2023 , the equity market are optimistic with the prospects of the Solar stocks and the tax exemption they may enjoy in the coming fiscal year. Listed companies involving with the solar panel installation business have responded optimistically with their share price rising up to 10% after the good news being announced (Greatech and Cypark) . Image obtained from MalayMail ,source: https://www.malaymail...