[%hmZf%] 
Research by APEX
BUY – TP RM 1.66

" Post-results briefing takeaways”

• We came away feeling reassured over current operations and future prospects in the post-results briefing yesterday with Samaiden aiming to secure at least 10% of EPCC jobs and 100MW in asset ownership from LSS5.
• Future prospects remain bright, driven by strong order book expansion from CGPP, LSS5, CRESS and NEM programmes.
• We maintain our BUY recommendation with an unchanged target price of RM1.66, based on a SOP valuation. 

Analyst: 
Tan Sue Wen
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$KLSE-SAMAIDEN 
Research by APEX
BUY – TP RM 1.66

" Post-results briefing takeaways”

• We came away feeling reassured over current operations and future prospects in the post-results briefing yesterday with Samaiden aiming to secure at least 10% of EPCC jobs and 100MW in asset ownership from LSS5.
• Future prospects remain bright, driven by strong order book expansion from CGPP, LSS5, CRESS and NEM programmes.
• We maintain our BUY recommendation with an unchanged target price of RM1.66, based on a SOP valuation. 

Analyst: 
Tan Sue Wen
suewen.tan@apexsecurities.com.my