10 listed firms win LSS4 projects

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.