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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