Technical Outlook

Trendline breakout. Verdant staged a strong breakout from its downtrend, moving above its converging SMAs and signalling a shift in trend. Momentum remains supportive, with the MACD forming a rounding-bottom formation. Upside resistance is at RM0.250 and RM0.290, while support is at RM0.210 and RM0.205. A break below RM0.205 would invalidate the setup.

Trading Catalysts 

• C&I pipeline to benefit from CRESS acceleration. PETRA’s new CRESS Acceleration Package fixes the System Access Charge at 14 sen/kWh for firm supply, with a minimum 10-year contract and 31 Dec 2028 COD deadline, improving project bankability and cost visibility. CRESS already covers 3,148MW of registered project capacity, while C&I accounted for only RM3.99m or 3.57% of Verdant’s FY25 EPCC revenue, leaving scope for the segment to scale.
• Solar-plus-storage expands project value. Verdant is strengthening its integrated solar-plus-storage offering amid increasing BESS adoption under Solar ATAP, which management sees as an opportunity to capture higher-value projects. Verdant’s Solar ATAP+ offering already incorporates hybrid inverters with the option to add BESS, giving the group scope to expand its solution mix beyond standalone solar PV.
• 4Q26 turnaround and RM63m orderbook underpin FY27 visibility. Revenue surged 128.5% QoQ to RM20.04m in 4Q26, while the group swung to RM1.5m net profit from a RM2.0m loss in 3Q26. Outstanding orderbook stood at RM63m as at June 2026, providing a stronger base for earnings conversion into FY27.