KUALA LUMPUR: RHB Research has kept its "buy" recommendation on Solarvest Bhd despite the expiry of the tax exemption for its subsidiaries and the stock's current high valuation compared to its peers.
According to the research house, demand for solar energy remains robust and Solarvest continues to benefit from a growing flow of contracts, while the group's potential transfer to the Main Board of Bursa Malaysia and solar farm investments could be the next re-rating catalyst.
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