NORTHERN | NORTHERN SOLAR HOLDINGS BERHAD

0.680 (-0.73%)
1

T-O (am): 0.000 (08:59:00)
Last updated: 16:53

Fundamental
Technical
Total Score

NORTHERN | NORTHERN SOLAR HOLDINGS BERHAD


NORTHERN Fundamental Trend

FCON: | Sharpe Ratio: | LTS:


Chart:

NORTHERN Quarter Reports

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Ann. Date Qtr. Date Q FYE Revenue [M] PBT [M] NP [M] NPM DPS EPS R. QoQ R. YoY E. QoQ E. YoY TTM
EPS
Adj.
[M]
NP [M]
(adj)
NPM
(adj)
EPS
(adj)
E. QoQ
(adj)
E. YoY
(adj)
TTM EPS
(adj)
28 Aug 25 Q1 Jun 25 1 31 Mar 26 28.05 5.57 3.85 13.7% 0.00 0.97 35.8% 603.8%
26 May 25 Q4 Mar 25 4 31 Mar 25 20.66 2.40 0.55 2.6% 0.00 0.14 14.1% 84.1%
18 Feb 25 Q3 Dec 24 3 31 Mar 25 24.05 4.83 3.43 14.3% 0.00 1.05 3.5% 6.4%
31 Jan 25 Q2 Sep 24 2 31 Mar 25 24.91 4.97 3.67 14.7% 0.00 1.11

NORTHERN Historical Dividends

NORTHERN Financial Ratios

EPS 2.91 sen
Trailing PE (Sector Median: 20.4) 23.4
PEG 0.23
Altman Z 2.5
Beaver 0.117
Current Ratio 4.13
Debt-Equity (DE) Ratio 0.43
FCF Yield -0.1 %
Revenue QoQ 35.75 %
Revenue YoY 0%
Profit QoQ 603.84 %
Profit YoY 0 %
Profit Margin (Sector Median: 6.5) 11.77 %
ROE (ROIC: 14.65) 16.09 %
Dividend Per Share (DPS) 0.0 sen
Dividend Yield (DY) 0.0 %

NORTHERN Adjusted Financial Ratios

Ratios below have been recalculated after adjusting for One Off Gain/Loss detected from Quarterly reports

EPS
Trailing PE (Sector Median: 20.4)
Profit QoQ
Profit YoY
Profit Margin (Sector Median: 6.5)
ROE (ROIC: 16.64)
Altman Z

NORTHERN Fair Value

Weighted Average Fair Value:

Discounted Cash Flow (DCF) 5% Growth
Discounted Cash Flow (DCF) 10% Growth
Relative Valuation
Average Analysts FV based on 4 rating(s)
Graham Formula
Graham Number
Net Tangible Asset (NTA) 0.18
Consistent QR FV
The Fair Value numbers are not, and must not be construed to be, any recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. The figures shown here should be taken as educational purposes only

Advanced Calculators

Calculate the fair value of the stock based on expected growth / risk, contract / award value, forecasted profit or forecasted revenue.

Forward PE FV Calculator
Latest Profit (adjusted) [M] 3.69
Expected Profit (Next QR) [M]
Expected Profit (After QR above) [M]
Expected Profit (After QR above) [M]
Estimated Fair Value
Growth/Risk Fair Value Calculator
Expected growth (%)
Estimated downside / risk (%)
Estimated New DCF Fair Value
Contract/Award Contribution Calculator
Contract/Award Value (in Million)
Estimated Contribution to Stock Price
Estimated New DCF Fair Value
Profit-Based Calculator
Expected Profit (M)
for Year
Estimated New DCF Fair Value
Revenue-Based Calculator
Expected Revenue (M)
for Year
Estimated New DCF Fair Value
Market Pricing
Expected Profit (M) 0
Expected Revenue (M) 0
Expected Growth (%) 0
The Fair Value calculated using this calculators are not, and must not be construed to be, any recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. The purpose of this tool is to help investor to quickly calculate their own expected Fair Value based on their own research

NORTHERN Directors Share Purchases (Beta)


No transaction in the last 2 months.

NORTHERN Summary


Market Cap: 269 M.

Market Cap Class: Small caps

Number of Shares: 395 M.

Adjusted Float: 0%.

Northern Solar Holdings Berhad is specializes in renewable energy with a focus on solar power. The company is primarily engaged in the Engineering, Procurement, Construction, and Commissioning (EPCC) of solar photovoltaic (PV) systems, which includes comprehensive services such as engineering design, procurement, construction, installation, testing, and commissioning for various types of buildings—commercial, industrial, and residential. Additionally, Northern Solar generates renewable energy through its rooftop solar PV systems, selling electricity to consumers under the Net Energy Metering (NEM) and Solar Energy License (SELCO) schemes in Peninsular Malaysia. The company also provides Operations and Maintenance (O&M) services for solar PV equipment and systems installed across different sectors. Northern Solar was incorporated in 2024 and headquartered in Malaysia.

Sectors: Solar EPCC, Energy

Code: 0340

Website: http://www.northernsolar.com.my/

Related Links: Bursa | Annual Report | Announcement

Warrant Info:

No warrants listed

NORTHERN Top Shareholdings

Updated on 04-Nov-2025

Shareholder % Value (M)
Chew Win Hoe 29.76% 80.07
Lew Shoong Kai 29.76% 80.07
Roselinda Binti Mohammad Hashim 0.04% 0.1
Encik Amirul Azhar Bin Baharom 0.02% 0.06
Amirul Azhar Bin Baharom 0.02% 0.05
Tan Ai Ning 0.01% 0.04
Frequently Asked Questions
Northern Solar Holdings Berhad is specializes in renewable energy with a focus on solar power. The company is primarily engaged in the Engineering, Procurement, Construction, and Commissioning (EPCC) of solar photovoltaic (PV) systems, which includes comprehensive services such as engineering design, procurement, construction, installation, testing, and commissioning for various types of buildings—commercial, industrial, and residential. Additionally, Northern Solar generates renewable energy through its rooftop solar PV systems, selling electricity to consumers under the Net Energy Metering (NEM) and Solar Energy License (SELCO) schemes in Peninsular Malaysia. The company also provides Operations and Maintenance (O&M) services for solar PV equipment and systems installed across different sectors. Northern Solar was incorporated in 2024 and headquartered in Malaysia. The company is listed on Bursa Malaysia and operates in the Solar EPCC and Energy sectors.
Yes, NORTHERN SOLAR HOLDINGS BERHAD is listed as Shariah-compliant.
The latest share price of NORTHERN SOLAR HOLDINGS BERHAD is RM 0.680 updated on 12 November 2025 16:53.
As of now, NORTHERN SOLAR HOLDINGS BERHAD has a market capitalization of 269M based on the latest financial data.
iSaham's technical analysis indicates that NORTHERN SOLAR HOLDINGS BERHAD's support level is at RM 0.645 and its resistance level is at RM 0.725, based on moving averages and price patterns.
The all-time high (ATH) of NORTHERN SOLAR HOLDINGS BERHAD is RM 0.77
There's no recent price movement data available for NORTHERN SOLAR HOLDINGS BERHAD. Check NORTHERN SOLAR HOLDINGS BERHAD’s latest performance trends using the iSaham Stock Screener.
Dividend information for NORTHERN SOLAR HOLDINGS BERHAD has not been reported yet. Track NORTHERN SOLAR HOLDINGS BERHAD's upcoming dividend announcements, yield changes, and payout history easily with the iSaham Stock Screener.
The main shareholders of NORTHERN SOLAR HOLDINGS BERHAD include Chew Win Hoe, Lew Shoong Kai and Roselinda Binti Mohammad Hashim. View more on NORTHERN SOLAR HOLDINGS BERHAD Top Shareholders page.
You can buy NORTHERN SOLAR HOLDINGS BERHAD shares through any licensed online broker or trading platform registered with Bursa Malaysia. If you're new to investing, iSaham can help you open an account with M+ Online, one of Malaysia's leading brokers.
When you open your M+ account through the iSaham team, you can get iSaham Pro for free as a bonus offer.
NORTHERN SOLAR HOLDINGS BERHAD Latest News
IPO Insights

Northern Solar Holdings Berhad

Northern Solar Holdings Berhad is specializes in renewable energy with a focus on solar power. The company is primarily engaged in the Engineering, Procurement, Construction, and Commissioning (EPCC) of solar photovoltaic (PV) systems, which includes comprehensive services such as engineering design, procurement, construction, installation, testing, and commissioning for various types of buildings—commercial, industrial, and residential. Additionally, Northern Solar generates renewable energy through its rooftop solar PV systems, selling electricity to consumers under the Net Energy Metering (NEM) and Solar Energy License (SELCO) schemes in Peninsular Malaysia. The company also provides Operations and Maintenance (O&M) services for solar PV equipment and systems installed across different sectors. Northern Solar was incorporated in 2024 and headquartered in Malaysia.

IPO Details
Market: ACE
Principal Adviser: M&A Securities Sdn Bhd
Shariah Status: SC (Yes)
Listing Price: 0.63
PE Ratio: 16.8-24.7
    PE (FYE): 24.7
    PE (FPE Annualised): 16.77
    PE (Hybrid): 18.86
MITI allocation?: Yes
Closing Date: 20-Jan-2025
Balloting Date: 22-Jan-2025
Listing Date: 06-Feb-2025
Oversubscription rate: 73.2x
Average Analysts FV*:
Mplus (1.12), RHB (0.72), Public Invest (1.00), TA (0.98)
iSaham IPO Score***:
Market Cap: 249.23 M
Number of Shares: 395.60 M
IPO Allocations No. of Shares %
Malaysian Public 19.78 M 5.0%
Bumiputera shareholders approved by MITI 49.45 M 12.5%
Eligible Directors and employees 7.912 M 2.0%
Private placement to selected investors and others 25.714 M 6.5%
Total Allocations 102.86 M 26.0%

Offer for Sales of 35.60 M existing shares representing 9.0% enlarged shares.

Public Issue of 67.25 M new shares representing 17.0% enlarged shares.

Median Sectors PE: N/A
Median Peers PE:
Utilisation of Proceeds
Purpose Amount (RM'000) %
Expansion Business expansion 3,150 7.4
Working capital Working capital 29,166 68.8
Listing expenses Estimated listing expenses 4,553 10.8
Debt Repayment of bank borrowings 5,500 13
Total 42,369 100
Utilisation of Proceeds
SWOT Analysis

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This calculator uses Malacca Securities (M+) cash upfront rate (min RM 8 or 0.08%) for all brokerage fee calculation.
This calculator uses Malacca Securities (M+) cash upfront rate (min RM 8 or 0.08%) for all brokerage fee calculation.