Hi i3lurker.
This year dividend target is only 5 cents. So, 5/90 => 5.5%. Not the 6.7% as you claimed.

Malakoff-C1 belongs to MACQ and it is expiring at end of Jan.
I don't understand why ppl keep saying EPF/KWAP selling but there is no announcement about it.
Malakoff still BB 500K on Friday.

I believe the share buyback only come in after 4.30pm.

Malakoff is having aggressive share buyback now. 10% of total share is around 500mil.
I am suspecting the company will use the IHI settlement on the share buyback.
If this is true, then the settlement is might be around 500mil, which is reasonable to the 700mil+ they seek in lawsuit.
Else there is no way Malakoff continues to SBB if they need cash for current RE project. We will see it better in the coming quarter whether the company is still receiving money from IHI.

i3lurker, how many shares do you have in Malakoff? LOL.

Real worth of this counter is RM3??? i3lurker, you sound like you are one of the big bosses. Go privatize Malakoff at RM1.8 if it is worth RM3. Many shareholders will thank you. LOL.

lol, i3lurker. You keep talking/spamming and then delete your posts.

Always buy and sell at own risk.
Don't listen to noise in forum.
Good luck all.

Next strong resistance should be 1.02 and 1.07.

Hold for long term. Be careful as they might want to trap those expiring CWs.

Eh, why you guys keep talking about EPF selling but so far I only saw one announcement about EPF selling recently. LOL.

I bought C30, will hold till next quarter report.

Supermax is still consider laggard among glove player.
So, we believe in Affin TP price of 3.1. =p

I will hold till next qr report. Some positive developments might come.
1. Dividend is coming.
2. More money from IHI dispute settlement.
3. No surprise in tax rate, so better profit.
4. Any M&A is good since RM is strong.

This is a boring stock. It won't go up breaking resistance after resistance. Price movement within a band of 3-5% is normal.

You just need to google. =)
https://www.thestar.com.my/news/nation/2014/12/15/stanley-thai-supermax-insider-trading-charge/

If only spamming in forum can actually push up the price.....lol

Supply and demand. When supply > demand, the price will drop. It is zero sum game.

More details on the yesterday news.

http://www.theedgemarkets.com/article/malakoff-eyes-renewable-energy-address-growth-concerns

So, the new CEO is under pressure to do something to bring MALAKOFF back to the growth path.

Malakoff is targeting a capacity of about 150 megawatts for these projects spread across six
locations at a cost of 1.3 billion ringgit ($325.3 million), its Chief Executive Ahmad Fuaad said.

150MW is kind of small for them, but it is renewable energy.

https://asia.nikkei.com/Markets/Nikkei-Markets/UPDATE-Malaysia-s-Malakoff-Corp-Touch-Meccanica-Ink-Initial-Pact-For-Power-Projects

It is just a MOU with nothing concrete yet. It will not contribute toward the Malakoff earning anytime soon.

Still, at least there are some activities in the company.

For C3 to worth 0.05, Malakoff needs to be 1.10. The C3 expiring date is on 18 March, so buy only when you know the risk.

Share buyback is to stabilize the price, not to push up the price for traders to earn money. LOL.

Not sure how true is it, but a new plant with <1000MW?

https://asia.nikkei.com/Markets/Nikkei-Markets/MARKET-BUZZ-UOB-Raises-Malaysia-s-Malakoff-To-Buy-On-Share-Price-Correction

Anyone here going to the meeting tomorrow?

Still no news about the total amount of the settlement in the recent conference call, at least not in the key takeaways from here:
https://klse.i3investor.com/blogs/PublicInvest/139045.jsp

CIMB has TP of 1.05 only.
http://www.theedgemarkets.com/article/cimb-ib-research-keeps-hold-malakoff-lowers-target-rm105

It need to maintain 70% dividend payout, need to save cash for new project and need to share buyback too. But it settles the 700mil+ lawsuit with 100mil+ payment?

Still unsure how much they will get from the settlement. Get around 100m+ for this quarter, but it is nothing compare to the 700m+ lawsuit. The admin expenses also up from 37m to 63m, which I don't really like.

I think they will use the settlement from the dispute to either give dividend or share buyback.

Yes, Malakoff needs to look outside to growth. There are around 3 years time for them to increase their generation capacity to 10K MW from current 7.5K MW.

The 2nd-generation IPP profit margin is at high single digit instead of 15-20% for 1st-gen.

The management is determined to give out ~70-80% of net profit as dividend. They have been giving out 7cents per year and will at least do so if they can.

Malakoff is not a high growth company.
There is no update on buying any power assets yet.

LOL. So, you mean keep holding till end of the day? Like how Tabung Haji holds FGV/THHEAVY?
At the end of the day, EPF still making money and pay for our EPF interest consistently.
Managing huge money is different than retailers like us.

The stock price reflects well on how the company is doing. Its profit drops by 30% and hence the share price drops ~30% as well.
The dividend yield is only ~3+% as EPF bought at 1.8, not 1.2.
Who knows if EPF got better yield investment else well.
So, please stop bashing EPF for causing the price to drop.

http://www.thestar.com.my/business/business-news/2017/05/09/malakoff-to-rake-in-stronger-first-quarter-earnings/

There are rules and restrictions for EPF to follow in buying/selling. And it is tough to manage BIG money. No point blaming EPF, they are just doing their job to safe guard the money.

esceram qr yesterday is not good. It is creating a bad outlook for glove players and RM is strengthening too.

Hi bursagoinglong, I think there are some confusion.

In a press conference today after the group's annual general meeting (AGM), its managing director Datuk Wira Azhar Abdul Hamid said Malakoff is currently looking at more than ten opportunities with a focus on the international market.

"We are looking at more than 10 opportunities. Whether we go for them or not is another matter," Azhar said.
http://www.theedgemarkets.com/article/malakoff-focus-international-market

Just want to clarify that Malakoff is currently looking at 10 power assets, not plan to acquire at 10 power assets.

LOL. A few more missiles from US/N.Korea then everything will be change. Don't believe in the word guarantee especially from this forum. =p

If you buy at IPO 1.8, it is only ~3.9%. Shareholders are worried for the dividend next year because 7cents is about 90+% profit payout d. Malakoff cannot keep up with the dividend if they are not doing better.

3.5cents for div. Total 7 cents for 2016.

Anyone go to the AGM?
Should just give the management share option. Then, they will only earn if the share price is up.

EPF only sold 4.5mil on 29/3, while the volume is 30mil. We cannot say it is all about EPF.

Result is out.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5275409

Thank you wbwanabe and wiki123 for all those info and updates.

To cater for non-chinese reader:
http://www.thesundaily.my/news/2068669

Full article here:
http://www.orientaldaily.com.my/business/cj200017923

Thanks for the update, Merck. But I was hoping more from the AGM. Hope there are more details by bloggers and analysts.

Hi Merck, if you are at the AGM, please update us on the contact lens business, factory capacity/output/utilization data and USD and RM strategy. I can't attend as I am in Penang and I am holding C18 for now only. Thank you.

Adcool, what warrant did you hold? I am holding c18.

Maybank rm65mil net profit expectation is correct though. But they have rm at rm4 in their calculation when doing the 4.1 tp. Topglove does hedge forex too.