Maybank IB: IOI's Solar JV to Add Modest Profit From FY2029
Maybank IB analyst Ong Chee Ting says IOI's solar joint venture could add 1.6%-1.9% to PATMI from FY2029, according to Market Talk.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Maybank IB analyst Ong Chee Ting says IOI's solar joint venture may contribute a limited but steady share of earnings from FY2029, equal to 1.6%-1.9% of PATMI. The view appears in a note cited by Market Talk.
IOI's 25% stake in the 500MWac project, together with land lease income and financing returns, could generate 27 million to 32 million ringgit of annual income over 21 years. The project will supply renewable power to DayOne data centers in Malaysia.
Ong expects IOI to pursue more renewable energy partnerships to expand its portfolio. Maybank keeps a hold rating on IOI and a target price of 4.67 ringgit. The shares are unchanged at 4.45 ringgit.
why it matters
For investors this is a longer-term story, since the project's contribution only begins in FY2029 and looks fairly modest for now. The news shows how demand from data centers is pushing companies toward renewable power.
tags
instruments
sources
- IOI Solar JV Likely to Make Modest Earnings Contribution From FY2029 — Market Talk, 4 November 2026 at 01:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗