Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group’s wholly-owned subsidiary, Samaiden Capital Management Sdn. Bhd.’s first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.
Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng[L]; Group Managing Director of Samaiden, Ir. Chow Pui Hee
Samaiden will operate and maintain the rooftop solar PV system with an installed capacity of 531 kilowatt-peak (kWp) for a duration of 20 years. Based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period, this can reduce approximately 8,400 tonnes of carbon emissions.
Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “As part of the diversification plan for our Group, we are delighted to see the completion of this first investment project, in which the Power Purchase Agreement (PPA) was signed with Perbadanan Pengurusan Sunway Nexis (Sunway Nexis Management Corporation) back in December 2021.”
“This is a remarkable milestone for us as this facility will contribute positively to our revenue and cash flow on a recurring basis for 20 years.”
Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng said, “We must focus on the future of our planet and emphasize sustainability of renewable energy (RE) and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building. I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation’s initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace. It starts with wise and timely corporate decisions that has long-term repercussions for all concerned.”
“With the recent announcement made by the Minister of Natural Resources, Environment and Climate Change YB Nik Nazmi Nik Ahmad on the surcharge of 20 sen/kWh to be imposed for industry medium voltage and high-voltage users including multinational corporations, we foresee that the solar PV system will be the best alternative for them to deploy in order to reduce their electricity bills,” Ir. Chow noted.
Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/
Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group’s wholly-owned subsidiary, Samaiden Sdn Bhd, has signed a partnership agreement with Management Venture Asia (Cambodia) Ltd. (MVA) today, to explore the clean energy-related business opportunities in Cambodia. MVA, a business consultancy and clean energy project developer based in Phnom Penh, Cambodia is primarily engaged in facilitating business ventures and taking products to market and market research throughout Asia. The company has successfully completed the development of 20MW ground mounted solar project in Bavet, in which the project was awarded power purchase agreement by the Electricite du Cambodge in August 2019.
Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “We’re looking forward to the collaboration with MVA given their strong presence in Cambodia. Expanding in Southeast Asia is part of our 5-years plan given the region’s growing population and its geographical advantages.”
“We firmly believe the partnership with MVA will ensure our expansion plans in Cambodia are focused. We are honoured to have MVA as our business partner in the development of clean energy in the country given its vast experiences and network in clean energy infrastructure.
The Director of MVA, H.E. Salah Essa quotes, “We are looking forward to this collaboration with Samaiden in the renewable and sustainable energy businesses in Cambodia and hope to draw on their industry experience and skills to make this venture successful for nation growth and aligning with country goal towards Net Zero Carbon policy 2050.”
Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/
Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants, reported that shareholders have passed all resolutions at the 3rd AGM held today.
Group Managing Director of Samaiden, Ir. Chow Pui Hee
Among the resolutions passed were the re-election of Lim Poh Seong and Fong Yeng Foon as directors pursuant to the Constitution of the Company as well as the re-appointment of TGS TW PLT as auditors of the Company. Shareholders also passed the resolution empowering the board of directors to issue and allot up to 10% of the total number of issued shares of the Company for the time being pursuant to Sections 75 and 76 of the Companies Act 2016.
Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “This is the first ever AGM we are holding physically ever since Samaiden was listed in October 2020 on the ACE Market. We are glad to meet our shareholders and would like to thank them for their trust and confidence in us as we endeavoured to steer the business safely through the COVID-19 pandemic. While financial year ended 30 June 2022 (FY2022) has not been without its challenges, we note the increasing adoption of RE as businesses and organisations come to terms with climate change and also volatile fossil fuel costs.”
“Over the mid-to-long term, we see greater clarity for RE given the rollout of the National Energy Policy 2022-2040 in September 2022 outlining the key priorities for Malaysia’s socioeconomic development. Given that sustainability practices are increasingly being used to benchmark businesses, easy access and the ready availability of RE is crucial for growth as it also covers other indices used to gauge green attributes such as carbon credits, carbon emissions and RE certificates.”
“We view positively the more stable political climate in Malaysia as this will boost investor sentiment and funding for more RE infrastructure. Samaiden continues to seek opportunities to offer our EPCC services for the installation of solar PV systems as well as solar and non-solar power plants by leveraging on our core competency and experience in providing end-to-end services for potential solar PV and other non-solar projects.”
Samaiden has an outstanding orderbook of RM325.40 million as at 30 September 2022 with earnings visibility over the next three years.
Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/
Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group’s wholly-owned subsidiary, Samaiden Sdn Bhd, has signed a partnership agreement with Thingnario Ltd. today, to explore the opportunity in providing telemetry monitoring system support to the Renewable Energy (RE) as well as the Energy Efficiency (EE) businesses of Samaiden Group within Malaysia. Artificial Intelligence (AI) based system provider, Thingnario, is a company founded in 2016 and headquartered in Taipei, Taiwan. It owns the “Photon” intelligent solar monitoring system that has successfully served 3,500 sites with an aggregate capacity of 1.5GW across 10 countries in 2022.
Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “We’re looking forward to the collaboration with Thingnario for the excellence it gives to our Operation and Maintenance (O&M) works. As part of the Group’s digitalisation plan, we strongly believe the support from Thingnario can facilitate our transformation in this area smoothly. We’re very optimistic that we can provide effective and efficient solutions to our customers for performance optimisation and improve their return of investment.”
Chief Operating Officer of Thingnario, William Kao said, “We are looking forward to working with Samaiden to provide businesses with a technology that can help them manage plant operations and maintenance more efficiently without the hassle. More importantly, we are confident that our software will play a vital role in addressing Samaiden’s needs in a world where AI, Internet of Things and machine learning is assisting in every aspect of business and life.”
In order to align the direction of the Group, Samaiden recently launched the Samaiden Energy Efficiency Solutions named “SEE” Solutions in conjunction with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) event held from 12-14 October 2022 at KLCC Convention Centre as the Group embarks on its Energy Efficiency business. SEE Solutions is a program mainly focusing on energy saving measures to reduce the electricity consumption by the commercial & industrial owners. SEE Solutions consists of two pillars of solutions which are Energy Assessment and Energy Optimisation. The purpose is to assist business owners to identify the major and minor consumption in their premises. By unlocking the awareness on energy consumption, the potential energy savings in premises will also be unlocked via implementation of the SEE Solutions.
Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/
Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants, today announced that Samaiden Group recorded a 385.03% increase in revenue to RM43.80 million for the third quarter ended 31 March 2022 (3Q FY2022) compared with RM9.03 million registered in the corresponding quarter of FY2021 (3Q FY2021).
Ms. Chow Pui Hee, Group MD of Samaiden
Profit before tax (PBT) for 3Q FY2022 increased by 257.68% to RM5.73 million compared with RM1.60 million achieved in 3Q FY2021, and profit after tax (PAT) registered an increase by 291.22% to RM4.19 million compared with RM1.07 million in 3Q FY2021.
For the nine-month period ended 31 March 2022 (9M FY2022), Samaiden Group recorded a 243.07% increase in revenue to RM97.04 million compared with RM28.28 million in the corresponding period of FY2021 (9M FY2021) while PBT gained 103.38% to RM11.62 million compared with RM5.71 million in the corresponding period of the previous financial year.
Samaiden Group’s PAT gained 104.22% to RM8.51 million in 9M FY2022 compared with RM4.16 million in 9M FY2021.
Group Managing Director of Samaiden, Ir. Ms. Chow Pui Hee said, “We continue to see lots of interest in RE given the government’s push to reduce carbon dioxide emissions under the fourth cycle of the Large-Scale Solar programme (LSS4). This has been encouraging for us in terms of our financial performance as we have secured approximately RM300.0 million in EPCC contracts under the fourth cycle LSS scheme, Net Energy Metering and Self Consumption scheme since the start of FY2022. The new contract wins bring the current outstanding orderbook to RM410.0 million, which will contribute positively to Samaiden Group’s top and bottom line over the next three years.”
“Apart from leveraging our core competency and experience in providing end-to-end EPCC services for solar PV projects, we are expanding sales and technical support locally and in Vietnam. We have also diversified into providing EPCC services for biomass RE power plants and we are in the midst of developing a 1.2 MW biogas power plant in Kelantan that will provide Samaiden Group with a recurring income stream from the sale of electricity produced by the power plant to the state’s power grid.”
“We are cautiously optimistic that Samaiden Group’s financial performance for the rest of FY2022 will be satisfactory as the pipeline of RE projects will increase due to the government’s drive for more environmentally friendly and greener sources of energy.”
