PETALING JAYA: A total of 10 listed companies are among those that have won the country’s fourth cycle of large scale solar (LSS4) projects, which analysts predict will deliver a mid- to high-single-digit internal rate of return (IRR) for the award winners.
Of the overall listed winners, MIDF Research said Gopeng Bhd
, Solarvest Holdings Bhd (pic below), JAKS Resources Bhd and Advancecon Holdings Bhd could see the most earnings impact. These four companies could record between 10% and 185% of annual earnings before interest, taxes, depreciation and amortisation (Ebitda) from their respective LSS4 wins, assuming a 6% project IRR.
Gopeng, which is mainly involved in oil palm cultivation, topped the list with an Ebitda impact of 185.2%. Other LSS4 listed winners are Ranhill Utilities Bhd, Tenaga Nasional Bhd (TNB), Uzma Bhd, MK Land Holdings Bhd, Kumpulan Powernet Bhd and Tan Chong Motor Holdings Bhd.
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