Solar stock Samaiden hits new high after profit doubles
Its shares rose to a new all-time high of RM1.82 after announcing that its FY2026 net profit surged 93%.
Source: Free Malaysia Today · August 27, 2026 at 12:33 PM · AI-assisted report
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BURSA MALAYSIA, 27 AUGUST 2026 —
Samaiden Group Bhd’s shares climbed to a new all‑time high of RM1.82 on 27 August 2026 after the company announced that its FY2026 net profit had risen 93.3% to RM39.07 million, the highest annual earnings since its listing in 2020. The stock gained as much as 7% intraday before closing 4.1% higher at RM1.77, valuing the group at RM992.6 million with 2.9 million shares traded.
Market Impact
The advance extended the share price’s year‑to‑date gain to 27% and its 12‑month rise to 55%.
Founded in 2013 by executive director Fong Yeng Foon and Chow Ah On – the father of group managing director Chow Pui Hee – Samaiden was listed on Bursa Malaysia in 2020 and focuses on renewable‑energy solutions, principally solar photovoltaic (PV) projects.
Over the past year the company has declared a second interim dividend of one sen per share, payable on 7 October 2026, bringing the FY2026 payout to 2.4 sen per share, 60% above the 1.5 sen paid in FY2025. The group’s balance sheet shows a net cash position, and its shareholding structure lists Chow Pui Hee with a 31.79% stake and Fong Yeng Foon with an 18.68% interest.
In the fourth quarter ended 30 June 2026 (Q4 FY2026), Samaiden’s net profit surged 107.7% to RM14.76 million from RM7.11 million a year earlier, while quarterly revenue fell 21.7% to RM105.74 million from RM134.95 million, a decline the company attributed to the timing of project billing cycles, with the prior‑year quarter benefiting from peak billing on older solar projects. For the full FY2026, revenue edged up 3.12% to RM364.5 million.
The dividend announcement and the profit beat were highlighted in the group’s bourse filing released on 26 August 2026.
Analyst reaction was positive. Apex Securities noted that Samaiden’s Q4 core net profit exceeded its forecasts by 113% and consensus estimates by 111%, citing accelerated progress in utility‑scale solar and corporate green‑power projects, a stronger margin mix and improved operational efficiency. The house maintained its “buy” recommendation with an unchanged target price of RM1.74.
TA Securities pointed to the group’s order‑book replenishment efforts, noting a tender book of RM3 billion – 85% utility‑scale solar tenders and 15% rooftop solar, bioenergy and operations‑and‑maintenance (O&M) tenders – and a target to capture a larger 15%‑20% share of the 2.65 GW LSS6 rollout, covering both asset ownership and EPCC contracts. As of 30 June 2026, Samaiden’s order book stood at RM435.8 million.
Looking ahead, the company intends to pursue EPCC tenders for the ongoing Large Scale Solar 5 (LSS5+) programme and the upcoming LSS6 initiative, while expanding its bioenergy and O&M offerings. Analysts cite the group’s proven expertise in ground‑mounted solar PV, a healthy balance sheet and net cash position as supportive factors for continued growth. No further guidance beyond the disclosed dividend and order‑book figures was provided in the source. Details not yet available.
Related: Samaiden Group Bhd · Bursa Malaysia