0223 SAMAIDEN, SAMAIDEN GROUP BERHAD - + Additional Listing Announcement /Subdivision of Shares 21 Aug 2023, 12:38 Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Conversion of Warrants to Ordinary Shares No. of shares issued under this corporate proposal : 653,300 Issue price per share ($$) : 0.7200 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 404,959,872 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 75,262,039.880 Listing Date : 22/08/2023 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com N202308213000051EN
@faridfet From AR 2022: "....Following the business expansion of Samaiden Group, the number of employees has increased to 66 in FYE 2022 as compared to 50 in FYE 2021. As at 30th Jun 2022, we have total of 66 employees as follows: 68% Malay 3% Indian 27% Chinese 2% Others" ......... Samaiden Group has also taken initiative to promote workplace inclusion by practicing top-down communication approach. Employees are always encouraged to express their feedbacks and thoughts or providing inputs on solutions to the problems. We have also conducted surveys regarding internal matters for further development and enhancement. By having two-way communication in place, it could allow us to ensure effective problemsolving process and further promote continuous improvement."
from AR 2022: "....In relation to employee welfare, we are always concerned on their financial security. Apart from remuneration package that adhered to the Minimum Wages Order, 2022, we also provide ad hoc subsidy in the event of natural disaster for all eligible employees. For instance, numbers of our employees were affected by the flood happened in Dec’2021, flood relief was provided based on the damage category. Continuous efforts are being devoted towards the goal of high employee engagement. We believe it can help to promote talent retention, enhance productivity, improve organizational performance and stakeholder value. "
My sense is that Samaiden does not have forced labor, visa fees issues as the employees look like all locals in the 2022 AR. Believe Mdm Chow knows how to handle it :)
I have faith in Mdm Chow. The fact that she has taken in Dr Ng, PhD in EE, showed that she knows she needs some one with more specialised knowledge for company to grow further!
Not just Malaysia promotes RE, but Singapore's appetite for RE is so high, in GWs, and 1MW means about 4mil of construction work, so solar energy sector should continue to prosper.
My Ytlpower, ytl have gone up a lot, expecting samaiden likewise, but I guess due to ppl converting warrants to mother and sell, so got to wait for sometime....
Bought 100k unit at 1.17 last week Now 1.25 oledy. Sold almost 75% unit today. Will keep another 25% remaining balance for future and put stop loss 1.2. Tq samaiden belanja me brand new iphone today mmmuachhhx
Rumors say Kinergy Advancement (KAB) is venturing into solar power, floating solar, battery storage, waste heat recovery, and waste-to-energy projects and is making a major expansion in Kedah ! This probably will be the next significant step for their growth. Worth to look into it 🙂
Earnings Forecast: Analysts predict that earnings will grow by 38.57% per year. Recent Performance: Earnings have already grown by 29.1% over the past year. Stock Price Outlook: Analysts are in good agreement that the stock price will rise by 26.1%
LSS@MEnTARI Project: Samaiden is set to benefit significantly from the c.RM4 billion LSS@MEnTARI project. Their solid track record in solar photovoltaic (LSSPV) projects positions them well for success. The government is likely to prioritize projects for companies with majority local shareholdings, which bodes well for Samaiden1.
Industry Outlook: Samaiden is considered a solar energy proxy, backed by robust pretax profit growth, a net cash position, and a healthy order book. The industry outlook remains favorable for the company
Samaiden inked a business collaboration agreement (BCA) with Gruppe Lightning Solution Sdn Bhd to explore opportunities surrounding solar street lighting, efficiency and other renewable energy related services and solutions in the Southeast Asia region. • Collaboration also extends to smart city projects that integrate solar streetlights with Internet of Things (IoT) capabilities • BCA is effective for three years starting 26th June. OUR VIEW • Avenue to expand portfolio. The collaboration with Gruppe opens the avenue for Samaiden to expand its capabilities into advanced lighting solutions driven by solar, hence providing the group with opportunities to replenish its order book and expand its renewable energy initiatives. • Strong order book. Outstanding orderbook stood at RM354m as at end-March 2024 which will keep the group busy over the next three years. Samaiden is eyeing at least 100MW of EPCC jobs for the Corporate Green Power Programme (CGPP), which translates into potential RM300-400m incremental orderbook. Further out, the upcoming 2GW LSS5 (bidding opened in April 2024) and 400MW additional Net Energy Metering quota for CY24 (offered from 5th February 2024) cements future orderbook replenishment outlook. • Earnings estimate and TP. We are making no changes to our forecasts. • Reiterate BUY. We maintain our BUY call on Samaiden being one of the key beneficiaries of EPCC prospects under the CGPP and the long-term RE growth potential from the National Energy Transition Roadmap.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mf
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Posted by mf > 2023-08-21 14:04 | Report Abuse
0223 SAMAIDEN, SAMAIDEN GROUP BERHAD - +
Additional Listing Announcement /Subdivision of Shares
21 Aug 2023, 12:38
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Exercise of Warrants
Details of corporate proposal : Conversion of Warrants to Ordinary Shares
No. of shares issued under this corporate proposal : 653,300
Issue price per share ($$) : 0.7200
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 404,959,872
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 75,262,039.880
Listing Date : 22/08/2023
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
N202308213000051EN