[%Smtk%] 
Research by Kenanga
Outperform - TP RM1.51

"The Sun Never Sets"

SAMAIDEN’s FY24 results came in within expectations driven by higher work progress in solar EPCC jobs with low solar panel prices. We are positive on the recent unveiling of RE programmes (i.e. CGPP, LSS5 and CRESS) as it continues to provide sustainable job flows to EPCC players amidst stiff competition. We maintain our forecast and TP of RM1.51 with OUTPERFORM call.

Analyst:
Nigel Ng 
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$KLSE-SAMAIDEN 
Research by Kenanga
Outperform - TP RM1.51

"The Sun Never Sets"

SAMAIDEN’s FY24 results came in within expectations driven by higher work progress in solar EPCC jobs with low solar panel prices. We are positive on the recent unveiling of RE programmes (i.e. CGPP, LSS5 and CRESS) as it continues to provide sustainable job flows to EPCC players amidst stiff competition. We maintain our forecast and TP of RM1.51 with OUTPERFORM call.

Analyst:
Nigel Ng 
nigel@kenanga.com.my