Samaiden, JS Solar Bag RM100m Contract
Samaiden, JS Solar Bag RM100m Contract
RENEWABLE energy (RE) specialist, Samaiden Group Bhd, in collaboration with JS Solar Consortium through subsidiary Samaiden Sdn Bhd (SSB), has secured a RM100 million contract from NUR Renewables Sdn Bhd.
可再生能源（RE）專家Samaiden Group Bhd通過子公司Samaiden Sdn Bhd（SSB）與美國太陽能聯盟合作，從NUR Renewables Sdn Bhd獲得了一份價值 RM100 萬美元的合同。
The agreement is for the development of a 50MWac (megawatt alternating current) solar power plant at Kulim Hi-Tech Park (KHTP), Kedah, marking a significant stride in Malaysia's sustainable energy journey.
該協議旨在在吉打州居林高科技園（KHTP）開發一座50mWAC（兆瓦交流電）的太陽能發電廠，這標誌着馬來西亞可持續能源之旅取得了重大進展。
NUR Renewables, a key player in electricity generation and distribution with exclusive rights in KHTP, spearheads this groundbreaking venture.
NUR Renewables是發電和配電領域的關鍵參與者，擁有KHTP的專有權，領導了這一開創性的企業。
The project is the inaugural phase of an ambitious 500MWac solar initiative in partnership with UEM Lestra Bhd, the green energy arm of UEM Group.
該項目是與UEM集團的綠色能源部門UEM Lestra Bhd合作的雄心勃勃的500mWac太陽能計劃的首個階段。
The 50MWac solar power plant is poised to provide sustainable energy to all KHTP customers, showcasing NUR Renewables' commitment to advancing RE development.
這座50兆瓦的太陽能發電廠有望爲所有KHTP客戶提供可持續能源，這表明了NUR Renewables對推進可再生能源開發的承諾。
"Our participation in this engineering, procurement, construction and commissioning (EPCC) project at KHTP underscores our dedication to sustainable energy solutions. It not only highlights our engineering prowess but also aligns with our commitment to fostering a sustainable future," Samaiden group MD Ir Chow Pui Hee said in a statement.
“我們參與KHTP的工程、採購、施工和調試（EPCC）項目凸顯了我們對可持續能源解決方案的承諾。這不僅凸顯了我們的工程實力，也符合我們對促進可持續未來的承諾。” Samaiden集團總經理周培熙在一份聲明中說。
JS Solar MD Johnson Chai echoed the sentiment, emphasising the shared vision for a greener and more sustainable Malaysia.
JS Solar總經理Johnson Chai也表達了這一觀點，強調了對更綠色、更可持續的馬來西亞的共同願景。
"Our joint efforts represent not only a significant business milestone but also a commitment to contributing to sustainability in the RE sector," he remarked.
他說：“我們的共同努力不僅是一個重要的業務里程碑，也是爲可再生能源行業可持續發展做出貢獻的承諾。”
In a recent note, RHB Investment Bank Bhd (RHB Research) maintains a positive outlook on Samaiden Group, backing a 'Buy' rating with a RM1.55 target price (TP), presenting an enticing 36% upside.
在最近的一份報告中，RHB投資銀行有限公司（RHB Research）對Samaiden集團保持樂觀的前景，支持 “買入” 評級，目標價爲1.55令吉，上漲幅度爲36％。
The recent RM100 million joint solar EPCC contract for the 50MWac solar photovoltaic (PV) plant at KHTP aligns with Malaysia's proactive push towards RE.
最近在KHTP簽訂的價值50mWac的太陽能光伏（PV）發電廠的價值RM100 百萬美元的太陽能EPCC聯合合同與馬來西亞積極推動可再生能源的努力一致。
The estimated gross orderbook, bolstered by this contract win, stands at approximately RM440 million, according to RHB Research.
根據RHB Research的數據，在贏得這份合同的支持下，估計的總訂單量約爲 RM440 百萬英鎊。
While the final stake in this contract is pending finalisation, the orderbook includes the group's inaugural hydropower project valued at RM25.8 million.
雖然該合同的最終股份尚待最終確定，但訂單中包括該集團的首個水電項目，價值2580萬令吉。
Projected margins for this venture are expected to range between 15%-20% gross profit margin.
該合資企業的預計利潤率預計在15％-20％之間。
Construction commencement is contingent on the issuance of the notice to proceed by NUR Renewables, with the PV power plant anticipated to be completed in the first quarter of 2025 (1Q25).
施工的開工取決於NUR可再生能源公司發佈的開工通知，光伏發電廠預計將於2025年第一季度（25年第一季度）完工。
RHB Research anticipates stronger contract flows from the Corporate Green Power Programme (CGPP), the remaining 450MWac KHTP solar project, and initiatives aligned with the National Energy Transition Roadmap (NETR), including Tenaga Nasional Bhd's (TNB) 30MW floating solar project.
RHB Research預計，企業綠色能源計劃（CGPP）、剩餘的450兆瓦的KHTP太陽能項目以及與國家能源轉型路線圖（NETR）一致的舉措，包括Tenaga Nasional Bhd（TNB）的30兆瓦浮動太陽能項目，將增加合同流。
Maintaining earnings estimates aligned with the orderbook replenishment assumption, RHB Research derives the TP of RM1.55 from a sum of parts (SoP) valuation, pegged at 24 times financial year 2024 (FY24) price-to-earnings ratio (P/E).
RHB Research維持盈利預期與訂單充值假設一致，從零件總和（SoP）估值中得出1.55令吉的目標價，與2024財年（24財年）市盈率（P/E）的24倍掛鉤。
This valuation includes a 20% discount compared to Solarvest's valuation, reflecting the latter's larger asset base and broader regional presence.
與Solarvest的估值相比，該估值包括20％的折扣，這反映了後者更大的資產基礎和更廣泛的區域影響力。
The target price also encompasses a 6% environmental, social and governance (ESG) premium based on Samaiden's impressive 3.3 ESG score, surpassing the country median.
目標價格還包括6％的環境、社會和治理（ESG）溢價，該溢價基於Samaiden令人印象深刻的3.3ESG分數，超過了全國中位數。
譯文內容由第三人軟體翻譯。