Renewable energy sector riding on strong structural themes

PETALING JAYA: The renewable energy (RE) sector is expected to ride on strong structural themes and positive earnings growth cycle.

Hong Leong Investment Bank Bhd (HLIB), which maintained its “overweight” call, said key catalysts include contract rollouts, fresh RE quotas and export news flow. The research house has “buy” recommendations on Solarvest Holdings Bhd with a target price of RM1.55 and Samaiden Group Bhd with a target price of RM1.43.