Bought 100k unit at 1.17 last week Now 1.25 oledy. Sold almost 75% unit today. Will keep another 25% remaining balance for future and put stop loss 1.2. Tq samaiden belanja me brand new iphone today mmmuachhhx
Rumors say Kinergy Advancement (KAB) is venturing into solar power, floating solar, battery storage, waste heat recovery, and waste-to-energy projects and is making a major expansion in Kedah ! This probably will be the next significant step for their growth. Worth to look into it 🙂
Earnings Forecast: Analysts predict that earnings will grow by 38.57% per year. Recent Performance: Earnings have already grown by 29.1% over the past year. Stock Price Outlook: Analysts are in good agreement that the stock price will rise by 26.1%
LSS@MEnTARI Project: Samaiden is set to benefit significantly from the c.RM4 billion LSS@MEnTARI project. Their solid track record in solar photovoltaic (LSSPV) projects positions them well for success. The government is likely to prioritize projects for companies with majority local shareholdings, which bodes well for Samaiden1.
Industry Outlook: Samaiden is considered a solar energy proxy, backed by robust pretax profit growth, a net cash position, and a healthy order book. The industry outlook remains favorable for the company
Samaiden inked a business collaboration agreement (BCA) with Gruppe Lightning Solution Sdn Bhd to explore opportunities surrounding solar street lighting, efficiency and other renewable energy related services and solutions in the Southeast Asia region. • Collaboration also extends to smart city projects that integrate solar streetlights with Internet of Things (IoT) capabilities • BCA is effective for three years starting 26th June. OUR VIEW • Avenue to expand portfolio. The collaboration with Gruppe opens the avenue for Samaiden to expand its capabilities into advanced lighting solutions driven by solar, hence providing the group with opportunities to replenish its order book and expand its renewable energy initiatives. • Strong order book. Outstanding orderbook stood at RM354m as at end-March 2024 which will keep the group busy over the next three years. Samaiden is eyeing at least 100MW of EPCC jobs for the Corporate Green Power Programme (CGPP), which translates into potential RM300-400m incremental orderbook. Further out, the upcoming 2GW LSS5 (bidding opened in April 2024) and 400MW additional Net Energy Metering quota for CY24 (offered from 5th February 2024) cements future orderbook replenishment outlook. • Earnings estimate and TP. We are making no changes to our forecasts. • Reiterate BUY. We maintain our BUY call on Samaiden being one of the key beneficiaries of EPCC prospects under the CGPP and the long-term RE growth potential from the National Energy Transition Roadmap.
Samaiden Group Bhd stands out as the stock of choice for both RHB Research and MIDF Research in line with the below information:
The CRESS, which was announced by the Energy Transition and Water Transformation Ministry last Friday, enable RE generators and eligible corporate users to enter into green power supply arrangements under agreed terms through the existing supply system.
This would allow companies to directly source RE from identified providers with third-party access (TPA) to the existing electricity grid that are participating in the New Enhanced Dispatch Agreement market.
Tradeview Capital fund manager Neoh Jia Man believes that CRESS will positively impact the Malaysian energy sector by effectively opening up the power grid of Tenaga Nasional Bhd to TPA
As such, RHB Research expected CRESS to benefit solar engineering, procurement, construction and commissioning (EPCC) players by boosting their commercial and industrial orders.
MIDF Research said it favoured the RE EPCC sub-sector as the key immediate-term beneficiaries of the RE initiatives.
Samaiden Group Berhad (Samaiden) has posted a robust performance for FY24, driven by improved margins and significant growth in core earnings. The company has maintained its target price (TP) at RM1.57 and continues to hold a BUY recommendation.
All analysts have reiterated a positive outlook on Samaiden. A BUY recommendation is maintained with a TP of RM1.33 to RM1.57, reflecting potential returns of 22.3% to 44.0%. This confidence is based on Samaiden’s strong performance in renewable energy initiatives and its ability to leverage new government programmes and schemes.
Samaiden’s net profit for FY24 surged by 52% year-on-year, reaching RM16.0 million, which was 12.7% above forecasts and 4.4% ahead of consensus estimates. The strong earnings growth was attributed to large-scale solar projects and high-margin commercial and industrial (C&I) jobs. Despite a 23.7% sequential decline in revenue to RM57.2 million due to the nearing completion of several Large-Scale Solar 4 (LSS4) projects, profit after tax (PAT) increased by 41.4% quarter-on-quarter, driven by favourable margins on ongoing projects.
The company’s outstanding order book, valued at RM313.5 million as of June 2024, is expected to sustain activity over the next three years. Prospects for order replenishment are promising, with upcoming EPCC tenders for the Corporate Green Power Programme (CGPP) and the 2GW LSS5, alongside additional quotas under the Net Energy Metering (NEM) programme.
RHB Research maintained a "buy" call on the stock with the target price (TP) of RM1.33.
The research firm is positive on the company's outlook, driven by opportunities in renewable energy (RE) initiatives.
As of March 2024, Saimaiden's orderbook stood at RM313.5 million, "The orderbook breakdown is 40 per cent biomass, 30 per cent utility-scale solar, and 20 per cent commercial and industrial solar, while the rest comprise mini hydro and other projects," RHB Research said in a note.
The firm anticipates near-term orderbook replenishment from the Corporate Green Power Programme (CGPP).
It said that Samaiden is well-positioned to benefit from an influx of projects from the remaining 450 MWac Kulim Hi-Tech Park (KHTP) solar projects, from the National Energy Transition Roadmap (NETR), and LSS5.
RHB Research said that new initiatives like the Cross-Border Electricity Supply and Corporate Renewable Energy Supply Scheme should provide Samaiden with ample opportunities, particularly in the EPCC space.
Samaiden Group Bhd is set to expand its presence in Indonesia’s renewable energy (RE) market through a joint venture (JV) with PT MCS Bina Energi (MCS).
this collaboration will enhance our capacity to provide more RE solutions and contribute positively to both our financial performance and the regional green energy transition said Samaiden group managing director Datuk Chow Pui Hee
Renewable Energy Focus: Samaiden is a specialist in renewable energy, particularly in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants. With the global shift towards sustainable energy, companies in this sector are poised for growth.
Recent Developments: Samaiden has been actively expanding its business. For instance, they recently announced a joint venture with PT MCS Bina Energi to expand their renewable energy business in Indonesia. Such strategic moves can potentially enhance their market presence and revenue streams.
Financial Performance: The company has shown consistent financial performance. For the financial period ending June 30, 2024, they reported solid quarterly results. Additionally, they have been paying dividends, which is a positive sign for investors looking for income as well as growth.
Samaiden Group Bhd has accepted a letter of award from Legasi Green Power Sdn Bhd to undertake, amongst others, the main contract works in relation to the development of a 14 megawatt alternating current large scale solar photovoltaic power plant in Sungai Petani, Kedah, worth RM52mil. the award is expected to contribute positively towards the future earnings of the company during the duration of the project.
Samaiden Group Bhd has entered into a collaboration with Tokyo-listed Chudenko Corp to explore opportunities in renewable energy in Malaysia and overseas markets.
Chudenko, a leading engineering firm in Japan and affiliate of Japan’s electric company Chugoku Electric Power Co Inc, is a substantial shareholder of Samaiden with a 15.15% equity stake.
In a statement, Samaiden said the agreement includes a joint investment or venture in renewable energy projects including a rooftop solar energy project for Japanese customers, and collaboration in the introduction of technology in operations and maintenance of renewable energy projects as well as other technologies.
“This collaboration allows us to leverage on each party’s strengths to accelerate growth in the RE sector while enabling us to tap on Chudenko’s broad business network, especially in the area of renewable energy business.
“Not only does it open us up to business prospects in Japan, but the group can also leverage on Chudenko’s technical know-how to enhance our existing offerings.
The group said the agreement is expected to contribute positively to its future earnings upon successfully implementing the solar PV related project.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Peace99
2,264 posts
Posted by Peace99 > 2024-02-13 15:42 | Report Abuse
in mid-2021, bonus issue of warrant, one year later bonus issue of shares, then 1.3 years later dividend, this year bonus + dividend?