{
  "id": 3735276,
  "title": "Solar stock Samaiden hits new high after profit doubles",
  "url": "https://urgent.news/2026/08/27/solar-stock-samaiden-hits-new-high-after-profit-doubles-3735276",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T11:46:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/highlight/2026/08/27/solar-stock-samaiden-hits-new-high-after-profit-doubles"
  },
  "original_language": "en",
  "account": "Samaiden Group Bhd, a renewable energy solutions company, saw its shares reach a new all-time high of RM1.82 on Wednesday after reporting a nearly doubled FY2026 net profit. The stock surged up to RM1.77, a 4.1% increase, valuing the group at RM992.6 million with 2.9 million shares traded. The company's net profit for Q4 FY2026 jumped 107.7% to RM14.76 million, up from RM7.11 million a year ago, but revenue declined 21.7% to RM105.74 million, mainly due to project billing cycles. However, FY2026 net profit rose 93.3% to RM39.07 million, while revenue increased 3.12% to RM364.5 million. The group declared a second interim dividend of one sen per share, raising the FY2026 payout to 2.4 sen per share. Apex Securities praised Samaiden's Q4 core net profit, which surpassed forecasts and consensus estimates, citing strong earnings performance driven by utility-scale solar and corporate green power projects, improved operational efficiency, and a stronger margin mix. TA Securities highlighted the group's focus on EPCC tenders for Large Scale Solar 5 (LSS5+) and LSS6 projects, as well as other renewable energy programmes, estimating a potential 15%-20% share of the 2.65GW LSS6 rollout.",
  "summary": "Its shares rose to a new all-time high of RM1.82 after announcing that its FY2026 net profit surged 93%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}