Samaiden stays a 'Buy', target price RM3.13
KUALA LUMPUR: Samaiden Group Bhd’s latest solar project is expected to add about RM200 million to RM250 million in engineering, procurement, construction and commissioning (EPCC) value, according to Hong Leong Investment Bank (HLIB Research).
Samaiden Group Bhd has been awarded a new 99.99 megawatt (MWac) solar project, which is expected to add RM200 million to RM250 million in engineering, procurement, construction, and commissioning (EPCC) value to the company's total exposure under the Large Scale Solar 5+ (LSS5+) programme. The project contributes to Samaiden's cumulative 200 MWac exposure, or 10.1 percent of the total awarded capacity, and is expected to contribute to earnings in financial years 2027 and 2028.
Hong Leong Investment Bank (HLIB Research) analyst David Ng maintains a Buy rating on Samaiden with a target price of RM3.13, citing the company's exposure to the growing domestic solar industry and bioenergy segments.
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