KLSE (MYR): NORTHERN (0340)
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Last Price
0.775
Today's Change
-0.005 (0.64%)
Day's Change
0.765 - 0.78
Trading Volume
1,972,200
Market Cap
307 Million
NOSH
396 Million
Latest Quarter
30-Sep-2024 [#2]
Announcement Date
31-Jan-2025
Next Quarter
31-Dec-2024
Est. Ann. Date
30-Apr-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
0.00% | 0.00%
Revenue | NP to SH
|
RPS | P/RPS
Cent | 0.00
EPS | P/E | EY
Cent | 0.00 | 0.00%
DPS | DY | Payout %
Cent | 0.00% |
NAPS | P/NAPS
| 0.00
QoQ | YoY
|
NP Margin | ROE
|
F.Y. | Ann. Date
|
Latest Audited Result
Announcement Date
Next Audited Result
Est. Ann. Date
Est. Ann. Due Date
Revenue | NP to SH
|
RPS | P/RPS
Cent | 0.00
EPS | P/E | EY
Cent | 0.00 | 0.00%
DPS | DY | Payout %
Cent | 0.00% |
NAPS | P/NAPS
| 0.00
YoY
NP Margin | ROE
|
F.Y. | Ann. Date
|
Revenue | NP to SH
80,312.000 | 14,860.000
RPS | P/RPS
20.30 Cent | 3.82
EPS | P/E | EY
3.76 Cent | 20.63 | 4.85%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
null% | null%
NP Margin | ROE
18.50% | 64.57%
F.Y. | Ann. Date
30-Sep-2024 | 31-Jan-2025
Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Northern Solar's IPO oversubscribed by 73.2 times
Bernama/Bernama
22 Jan 2025, 05:08 pm
https://theedgemalaysia.com/node/742016
2 weeks ago
morning..
tomorrow Northern will be born..
paktua share basic reviews yer..
basic reviews
RP projection for :-
Northern
( Solar Holdings Berhad)
Sector: Industrial Products & Services
Subsector: Industrial Services
IPO Date: 6hb Feb 2025
NOSH :395.6M
IPO Price: RM0.63
T-Days Cycle base on IPO Date 6hb Feb 25
T-7 cycle=18hb Feb 25
T-14 cycle=27hb Feb 25
P-23=12hb march 25
P-34=28hb march 25
P-47=21hb April 25
P-54=30hb April 25
RP Projection
base on IPO Price at rm0.63
RP Range base ipo rm0.63
RP+80=rm0.67
RP+120=rm0.69
RP+180=rm0.72
RP+240=rm0.75
RP+300=rm0.78
RP+450=rm0.855
RP+600=rm0.93
RP+750=rm1.00
RP+900=rm1.08
tut tut
with Nosh not to big and with ipo level at rm0.63..
hopefully on 1st day not break RP+300 laa if break too risky for swing player.
5 days ago
Northern Solar Holdings Berhad
(Northern)
Sector: Industrial Products & Services
Subsector: Industrial Services
IPO Date: 6hb Feb 2025.
IPO Price: RM0.63
NOSH :395.6M
Northern Solar Holdings Berhad
was incorporated in Malaysia on January 9, 2024,
- As a private limited company under the name Northern Solar Holdings Sdn Bhd.
- It was converted into a public limited company on March 20, 2024, adopting its current name.
The co-founders of Northern Solar Holdings Berhad are :-
i-Lew Shoong Kai
ii- Chew Win Hoe
- each currently holding a 42.5% stake in the company. Post-IPO, their holdings will be reduced to 30.8% each.
Company Overview:
- Northern Solar Holdings Berhad and its subsidiaries are primarily engaged in:
- Engineering, Procurement, Construction, and Commissioning (EPCC) of solar photovoltaic (PV) systems.
- Generation of renewable energy.
- Operations and maintenance of solar PV equipment and systems.
Main business segments include:
1. EPCC of Solar PV Systems:
- Providing end-to-end services that help clients optimize and transform their rooftops to harness solar energy.
2. Generation of Renewable Energy:
- Producing clean energy through solar power installations.
3. Operation & Maintenance (O&M):
- Offering maintenance services for solar PV equipment and systems to ensure optimal performance.
Northern Solar has completed more than 200 solar energy projects on commercial, industrial, and residential buildings, contributing to environmental sustainability by reducing CO2 emissions.
Northern Solar vision is to lead current and future generations towards a greener world by reducing CO2 emissions through technological advancements.
- Their goal is to expand clients' horizons with a business model that generates renewable and clean energy, utilizing advanced Solar PV System solutions.
Utilisation of IPO Proceeds:
The company plans to raise RM42.4 million from the IPO, allocated as follows:-
i- Working Capital:
RM29.2 million (68.8%)
- to support the expansion of its solar PV systems business.
ii- Setting Up New Corporate Office and Expanding Regional Offices: RM3.2 million (7.4%)
- to establish a new corporate office with an engineering command centre in Petaling Jaya, Selangor, and to expand offices in Johor and Penang.
iii- Repayment of Bank Borrowings: RM5.5 million (13.0%)
- to reduce financial liabilities.
iv- Estimated Listing Expenses: RM4.6 million (10.8%)
- to cover costs associated with the IPO.
This strategic allocation aims to enhance Northern Solar's operational capabilities and market presence within Malaysia's solar PV industry.
tut tut
continue..
5 days ago
Northern Solar Holdings
1. Growth-Based Valuation:
i. Earnings Growth:
Based on the financial year ending 2024, Northern Solar's
- Price-to-earnings (P/E) ratio is estimated at 24.70 times.
- This valuation reflects the company's earnings performance relative to its share price.
- The company has demonstrated strong financial growth, with a compound annual growth rate of 80.12% in profit after tax (PAT) from FYE2022 to FYE2024.
- The PAT margin reached 18.50% in FYE2025, up from 13.97% in FYE2022.
- The gross profit margin also improved from 22.7% in FY2022 to 27.7% in FY2024,
- This upward trajectory indicates a robust expansion in market share and operational capacity.
- However, the profit after tax (PAT) margin experienced a slight decline from 14.0% to 12.9% during the same period, suggesting increased expenses or competitive pricing pressures.
- This upward trajectory indicates a robust expansion in market share and operational capacity.
- primarily due to increased profits from the Engineering, Procurement, Construction, and Commissioning (EPCC) of solar photovoltaic (PV) systems.
Debt-to-Equity Ratio:
- As of FYE 2024, Northern Solar reported a gearing ratio of 0.30,
- which falls within the healthy benchmark range of 0.25–0.5.
- This indicates a balanced approach to leveraging debt and equity in its capital structure.
ii. Market Opportunities:
- The Malaysian government has set ambitious targets to achieve 31% renewable energy capacity by 2025 and 40% by 2035.
- This policy direction presents substantial opportunities for companies like Northern Solar to capitalize on the growing demand for renewable energy solutions.
- Additionally, the company plans to expand its coverage across Malaysia, targeting key regions such as Johor and Penang, beyond its existing markets in the Klang Valley and Selangor.
- This strategic expansion aims to enhance its market presence and capture a larger share of the burgeoning solar energy market.
Challenges Ahead:
Supply Chain Disruptions:
- The solar industry is susceptible to supply chain challenges, including shortages of key components like solar panels and inverters.
- Such disruptions can lead to project delays and increased costs, potentially impacting profitability.
Regulatory Changes:
- The imposition of new U.S. tariffs on solar imports from Southeast Asia, including Malaysia, could affect Northern Solar's operations, especially if it relies on exporting to the U.S. market. These tariffs may lead to increased costs and necessitate strategic adjustments
Competition:
- The Malaysian solar market is becoming increasingly competitive, with numerous companies vying for market share.
- This heightened competition could pressure profit margins and necessitate continuous innovation and efficiency improvements.
Policy and Regulatory Risks:
- While current government policies are favorable towards renewable energy, any future policy shifts or delays in the implementation of renewable energy initiatives could pose risks to the company's growth prospects.
In summary,
- Northern Solar Holdings Berhad has exhibited strong growth and is well-positioned to capitalize on the expanding renewable energy market in Malaysia.
- However, it must navigate challenges related to supply chain stability, regulatory changes, and competitive dynamics to sustain its growth trajectory in the year ahead.
tut tut
finish
5 days ago
morning..today Northern will born..
adakah akan big rally on red market today?
tut tut
let see today..
4 days ago
open pun dah over RP+300..
forget it laa..
monday dah ada new ipo..
tut tut
bole perthan ke above rm0.85(now dah rm0.90 over
4 days ago
haha why paktua skip Northern
sebab dia use ipo fund to repayment loan and agak besar wor..
business segment also alot competition in others counter in klse..
tut tut
below rm0.70 baru berbaloi
4 days ago
paktua jangka next monday Northern will more discount then today..
so better wait on T-3 laa..
no point loading today..
too high ready..
tut tut
below RP+180 only Worth it for competitive segmen like this
4 days ago
Before CNY IPO made money, many think this one will make more. Operator buy high high, many charge in. Big surprise now. It's a psychological game.
4 days ago
haha..
rm0.78 above still to High..
don't cry on Monday yer..
tut tut
remember rm0.80 n above like KOPi on rm90..
rm0.70 is practical
tut tut
don't cry later yer..
4 days ago
RP Projection
base on IPO Price at rm0.63
RP Range base ipo rm0.63
RP+80=rm0.67
RP+120=rm0.69
RP+180=rm0.72
RP+240=rm0.75
RP+300=rm0.78
RP+450=rm0.855
RP+600=rm0.93
RP+750=rm1.00
RP+900=rm1.08
============
today Northern above RP+600
indicator level for who success on subscribe ipo price..
so let see how will go today till Monday
let set RP projection
RP-ve base on higher rm0.955
RP-80=rm0.915
RP-120=rm0.895
RP-180=rm0.865
RP-240=rm0.835
RP-300=rm0.805
RP-450=rm0.73
tut tut
so let see how by Monday
4 days ago
Northern 79.5 cents
If 78 cents no breach to whole day today.possible 90 cents range before hari raya.
6/2/25 10.38am
4 days ago
DreamKaiser
Walao. Another cool new one for the Kaiser to kick the ball🏀 rolling.
3 weeks ago