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.
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.
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! 😂
@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.
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.
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.
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.
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)
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
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.
According to management, a final dividend will depend on the near-term debt obligation (RM746.3mn debt maturing within 1 year), working capital needs and the capital commitments (expect c.RM300mn capex in FY24). Considering the group’s cash position of RM2.3bn as of 4QFY23 and expectation of better outlook in view of stabilisation in coal prices, we expect MALAKOF to announce 1.5sen to 2.0sen of final dividend next month. Meanwhile, management disclosed that the E-Idaman acquisition is on track to complete by April 2024 and the finalisation of waste-to-energy plant is expected around 2Q to 3QCY24.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NRahmat
32 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.