MALAKOFF CORPORATION BERHAD

KLSE (MYR): MALAKOF (5264)

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Last Price

0.66

Today's Change

-0.015 (2.22%)

Day's Change

0.66 - 0.675

Trading Volume

1,733,300


9 people like this.

6,689 comment(s). Last comment by kelvinfixx 1 day ago

catalan

112 posts

Posted by catalan > 2023-11-07 09:36 | Report Abuse

All up except this Malakoff.. Sleeping forever.

fortunefire

1,326 posts

Posted by fortunefire > 2023-11-08 10:20 | Report Abuse

the CEO already said this year is loss making year

NRahmat

23 posts

Posted by NRahmat > 2023-11-09 09:48 | Report Abuse

The company has been making headway in driving the transition to a cleaner and greener future. It recently signed a memorandum of understanding (MoU) with ports under the MMC group of companies, namely Northport (Malaysia) Bhd, Johor Port Bhd, Tanjung Pelepas Sdn Bhd and Penang Port Sdn Bhd, to collaborate on various green power initiatives. These initiatives include the Corporate Green Power Programme (CGPP), self-consumption (SELCO), shore-to-ship power (SSP) and installation of electric vehicle charging stations.

newbie9893

1,813 posts

Posted by newbie9893 > 2023-11-09 15:12 | Report Abuse

sleeping queen..bila nak bangun

NRahmat

23 posts

Posted by NRahmat > 2023-11-14 10:16 | Report Abuse

Malakoff may extend its uptrend after breaching the resistance on high volume. The stock has printed three consecutive “higher high” bullish candlesticks, while trading volume has been increasing. After pushing past the MYR0.64 resistance, the stock is setting its sights on the next resistance of MYR0.68, followed by MYR0.70. Conversely, falling below the MYR0.625 support will lead to the resumption of a correction phase.

iQie

751 posts

Posted by iQie > 2023-11-14 17:59 | Report Abuse

Malakof dapat job Gas Malaysia.

Urus Jemaah Dan KWAP tambah pegangan...petanda baik ni.

Apastock

122 posts

Posted by Apastock > 2023-11-14 20:14 | Report Abuse

sleeping beauty..

smartly

6,327 posts

Posted by smartly > 2023-11-14 21:12 | Report Abuse

gaining momentum. breaching 70c should not be a problem.

Posted by DividendGuy67 > 2023-11-14 22:55 | Report Abuse

With RHB Invest giving trading advice and saying Resistance is 68 sen and 70 sen, what more can I say ... the price now have majority chance of exceeding 70 sen! 😂. If RHB Invest stayed quiet, I would have said minority chance! IB wants you to sell ... so ... SELL! 😂

Posted by DividendGuy67 > 2023-11-14 23:00 | Report Abuse

@newbie9893 - the answer to your question 5 days ago is ... "4 trading days ago" ... a day after your question. Great predictive question!

PS. My average cost for MALAKOF is 59.8 sen. It was in my Top 15% largest holdings.

Posted by DividendGuy67 > 2023-11-14 23:01 | Report Abuse

PS2. I am selling into strength, as the Dividend Yield has shrunk as price rises.

Posted by DividendGuy67 > 2023-11-14 23:10 | Report Abuse

@fortunefire, yes, you are right - this company will like post a loss by FYE2023, as H1/2023 loss posted was -6.33 sen/share. It would be hard to see H2/2023 EPS becoming greater than 6.33 sen, i.e. will likely post a loss 2 quarterly report from now.

Nevertheless, chart wise, price gains on rising volume is normally regarded as a bullish trend. Many resistance levels coming up. Retailers may think this stock is not worth owning because it will be loss making this year, but someone with volume thinks otherwise. The only question mark is - is this hidden buyer planning to do something with this company, or is this just someone trying to create excitement?

Personally, I am selling more into strength, but very slowly ... it's a GTC order already pre-set, so, market makes know where I'm queueing to sell which I'm happy to disclose because I am just but one trader.

In current market conditions, it makes sense to buy low, sell on strength. Don't hope for a huge run - out of 10 stocks, you'll be pleased to sell into strength 9 times out of 10 and there will be that 1 time where you wished you didn't sell because it shoots up so high, but I don't think MALAKOF belongs to that 1 out of 10 times.

speakup

24,474 posts

Posted by speakup > 2023-11-24 19:25 | Report Abuse

https://theedgemalaysia.com/node/691313
Horror!

smartly

6,327 posts

Posted by smartly > 2023-11-24 20:17 | Report Abuse

for sure price target will be adjusted lower...

sasword

1,118 posts

Posted by sasword > 2023-11-27 19:21 | Report Abuse

This as hol GLC money laundering counter TP is always RM 0.001

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

Expect Further Improvement in Performance QoQ in 4QFY23
As the coal prices, particularly the more volatile benchmark Newcastle coal prices have stabilised since June 2023, we expect negative fuel margins to continuously ease (Figure 4). Management guided that they are expecting a small loss or a small profit for the group in 4QFY23, depending on the trend of coal prices.

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

the management is expecting small loss or small profit in Q4-2023..... haha what a joke.. expected full year loss

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

expecting full year loss , and expecting another plant retired in year 2024 also, Conclusion: While expanding environment solutions business including the latest proposed acquisition of 49% equity stake in E-Idaman Sdn Bhd will not make a significant earnings impact in the near term, it does speak for MALAKOF’s efforts in looking for new earnings streams to replace its expiring PPAs. Two of its power plants had already expired recently, i.e., the 436MW PD Power Plant in Feb 2019 and 640MW GB3 Power Plant in Dec 2022. In addition, the PPA of its 350MW Prai Power Plant will expire in 2024, 1,303MW SEV Power Plant in 2027 and 40%-owned Kapar Power Plant in 2029.

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

expecting earning will be reduced year on year after expiry of those high profit margin plants....

NRahmat

23 posts

Posted by NRahmat > 2 months ago | Report Abuse

Malakoff Corp Bhd has teamed up with Abu Dhabi Future Energy Company PJSC (Masdar) to identify potential business opportunities through investment and development of solar photovoltaic power plant project development, with a targeted aggregate capacity of up to 1,000MW, and explore other renewable energy (RE) projects opportunities in Peninsular Malaysia.

In a statement, Malakoff said the collaboration will involve conducting technical and commercial assessments of specific projects that have been identified, and collaborating on the development, implementation and management of the projects, including the financing arrangements in accordance with the RE transition.

In parallel with Malaysia's goal of achieving net-zero emissions by 2050, Malakoff said the partnership will further enhance their portfolios, which currently stand at 151MW of RE generating capacity consisting of project acquired large-scale solar, rooftop solar, and small hydro power generation.

NRahmat

23 posts

Posted by NRahmat > 2 months ago | Report Abuse

Malakoff Corp Bhd, through its wholly-owned subsidiary, Malakoff Radiance Sdn Bhd has secured a solar agreement with Railway Assets Corp (RAC) and Keretapi Tanah Melayu Bhd (KTMB) for the development, operation and maintenance of carport and rooftop solar systems at railway stations, depots and a park and ride terminal in Perak, Penang, Selangor, Johor and Negeri Sembilan. Malakoff’s MD & Group CEO Anwar Syahrin Abdul Ajib said the group is targeting 1,400MW of renewable energy (RE) capacity by 2031 through collective efforts. (The Edge)

smartly

6,327 posts

Posted by smartly > 2 months ago | Report Abuse

limit up LOL!

Loh Kok Wai W

3,561 posts

Posted by Loh Kok Wai W > 1 month ago | Report Abuse

Before..80 's,90's ,2000's...is Blue Chips....n now is Potato Chips...hahaha..

Snake

158 posts

Posted by Snake > 1 month ago | Report Abuse

130-180

smartly

6,327 posts

Posted by smartly > 1 month ago | Report Abuse

wait for Q4 result (feb2024) bah. hopefully can turn black again

Cheah5555

160 posts

Posted by Cheah5555 > 1 month ago | Report Abuse

A sleeping giant, waiting for the right time to move up !

iQie

751 posts

Posted by iQie > 1 month ago | Report Abuse

What happens to power plant that expired ? Cannot sell power ya ? Turn the power plant to mining crypto plant la..hehe .

kelvinfixx

1,237 posts

Posted by kelvinfixx > 1 month ago | Report Abuse

Turn the expired power plant into data center.

sasword

1,118 posts

Posted by sasword > 1 month ago | Report Abuse

all black money has been used to pump index already, this counter destined to stay in hell due to EPF got money pump index no money goreng small counter policy

Jnlee

288 posts

Posted by Jnlee > 1 month ago | Report Abuse

today the edge have a analytical report,the future seen bleak

speakup

24,474 posts

Posted by speakup > 1 month ago | Report Abuse

in a bull run like what we are in now, nobody really cares about Fundamentals lah!

smartly

6,327 posts

Posted by smartly > 1 month ago | Report Abuse

agreed. any tom dick and harry will up during bull

sasword

1,118 posts

Posted by sasword > 1 month ago | Report Abuse

now "bull" until sell underpants, wahahahahaha

Posted by loonisback > 1 month ago | Report Abuse

Hahaha bull run also cannot wake up this sleeping stock

speakup

24,474 posts

Posted by speakup > 1 month ago | Report Abuse

Already up 10%
I know cos I was eying Malakoff <60

smartly

6,327 posts

Posted by smartly > 2 weeks ago | Report Abuse

gold status for easier fund raising ?

smartly

6,327 posts

Posted by smartly > 2 weeks ago | Report Abuse

Malakoff Corp Bhd is undergoing consolidation and attempting to stage a bullish breakout.

Posted by Believe3222 > 1 week ago | Report Abuse

just sell to TNB or YTLpower then gulung tikar better

KingKKK

270 posts

Posted by KingKKK > 1 week ago | Report Abuse

UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform

Pinky

3,153 posts

Posted by Pinky > 2 days ago | Report Abuse

Another rubbish quarter hahaha 🤣

WPJ4642

14 posts

Posted by WPJ4642 > 2 days ago | Report Abuse

Will it any dividend?

smartly

6,327 posts

Posted by smartly > 2 days ago | Report Abuse

limit down come Monday.

Cheah5555

160 posts

Posted by Cheah5555 > 2 days ago | Report Abuse

Bad management, a lot of huge businesses but very disappointing results.

kelvinfixx

1,237 posts

Posted by kelvinfixx > 1 day ago | Report Abuse

Impairment from Bahrain venture, this is normal when you make losses you do a one time impairment. But seriously the ceo anwar not doing a good job.

kelvinfixx

1,237 posts

Posted by kelvinfixx > 1 day ago | Report Abuse

Excluding the substantial share of loss from Al-Hidd IWPP and impairment loss on the company's carrying value of investment in Al-Hidd IWPP, Malakoff recorded a net profit of RM72.0 million in yhe fourth quarter of FY23.

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