Solar stock Samaiden hits new high after profit doubles

The stock rose as much as 7% or 12 sen to RM1.82, a new high for the renewable energy solutions company. It pared its gains to close 4.1% or seven sen higher at RM1.77, valuing the group at RM992.6 million with 2.9 million shares traded.

The shares of the company, which specialises in solar energy projects, have risen 27% year to date and 55% over the past one year.

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