FGL Founder Group Limited
Price Chart
Executive Summary
Founder Group Limited secured an EPC contract worth RM34 million (approximately $8.6 million) under Malaysia’s LSS5 solar program to build a 9.5 MW solar facility, scheduled for commercial operation by May 1, 2027. This brings the company's total LSS5 contract value to RM70 million ($17.7 million), reinforcing its position in Malaysia’s growing utility-scale solar market.
Key Financial Metrics
Actionable Insight
Traders should monitor for further contract wins under LSS6 or CRESS programs, as well as execution progress on current projects. The company’s small market cap ($2M) suggests high leverage to new contract announcements.
Key Facts
- Founder Group secured a new EPC contract valued at RM34 million (~$8.6 million) under Malaysia’s LSS5 program.
- The project involves the design, construction, and commissioning of a 9.5 MW solar facility with commercial operation expected by May 1, 2027.
- Total LSS5 contract value now stands at RM70 million (~$17.7 million).
- LSS5 supports Malaysia’s goal of 70% renewable energy capacity and carbon neutrality by 2050.
- MBSB Research expects LSS6 to launch soon, potentially adding 2GW of solar capacity with BESS requirements.
Financial Impact
$8.6 million in new contract value, bringing total LSS5 backlog to $17.7 million
Risk Factors
- Execution risk on project timeline and cost overruns.
- Dependence on government-backed programs that may face delays or policy changes.
- Currency risk due to RM-to-USD conversion and potential fluctuations.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3262180 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Mar 25, 2026
8w ago
|
Press Release
| $3.63 $1.81 | ▼ −50.14% | ▼ −58.00% | $1.85 (−49.04%) |
|
Mar 16, 2026
9w ago
|
Press Release
| $4.21 $1.71 | ▼ −59.38% | ▼ −63.16% | $1.85 (−56.06%) |
|
Mar 9, 2026
10w ago
|
EFFECT
| $7.06 $2.51 | ▼ −64.45% | ▼ −61.64% | $1.85 (−73.80%) |
|
Feb 25, 2026
12w ago
|
F-1
| $12.25 $3.63 | ▲ +70.37% | ▲ +65.13% | $1.85 (+84.90%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access