This company is a dividend-paying machine (something like ATM). Proven by historical data. Must understand that MALAKOFF business is capital intensive. It takes time to recoup its capital expenditure. A fair company, but a good buy at a discounted price. Those who had bought it at the IPO price (it was not cheap then), and could not hold for some reason, can release the shares to market buyers.
KUALA LUMPUR: Anak syarikat Malakoff Corporation Bhd, Malakoff Radiance Sdn Bhd selesai memeterai enam perjanjian pembelian tenaga solar (SPPA) bagi membangunkan sistem panel tenaga solar atas bumbung dengan syarikat di bawah Kumpulan DRB-HICOM.
Malakoff dalam satu kenyataan hari ini berkata, SPPA itu membabitkan syarikat cabang pembuatan dan kejuruteraan DRB-Hicom iaitu CTRM Aero Composites Sdn Bhd, HICOM Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu HICOM (M) Sdn Bhd, HICOM Teck-See Manufacturing Sdn Bhd, HICOM Bhd dan Motosikal dan Enjin Nasional Sdn Bhd.
Kemudahan solar itu akan dipasang di bawah kontrak bina-milik-kendali-pindah sebagai sebahagian daripada tempoh 25 tahun SPPA berkenaan.
"Sebaik saja siap, kemudahan itu dijangka menjana 18,836 megawatt jam (MWj) tenaga elektrik bersih setahun. Ini akan secara kolektif meneutralkan sekitar 13,072 tan pelepasan karbon setahun daripada industri pembuatan," katanya.
Malakoff berkata, ia baru-baru ini memperoleh projek solar atas bumbung lain dengan AEON Co (M) Bhd, Northport (Malaysia) Bhd, Johor Port Bhd dan Pos Malaysia Bhd.
"Semua projek ini jika digabungkan, dengan kapasiti keseluruhan 25,444 kWp (kilowatt peak), akan menjana 33,243 MWj setahun dan meneutralkan 23,070 tan pelepasan karbon setahun," katanya.
Pengarah Urusan dan Ketua Pegawai Eksekutif Malakoff, Anwar Syahrin Abdul Ajib, berkata syarikat itu berada di landasan yang tepat untuk merebut peluang dalam sektor tenaga boleh diperbaharui kerana projek itu adalah satu lagi kejayaan dalam pengembangan segmen solar atas bumbung.
"Kami memiliki kapasiti dan kemampuan untuk meneruskan kerjasama dan usaha sama dengan mana-mana entiti perniagaan untuk sistem solar atas bumbung.
"Sebagai penggiat utama dalam sektor pengurusan tenaga dan sisa, pelanggan dan rakan kongsi kami mempercayai kemampuan kami untuk membantu mereka mencapai agenda mereka dalam menangani pelepasan karbon," katanya. -- Bernama
Malakoff to develop solar energy systems for DRB-Hicom under 25-year deal
Malakoff Radiance Sdn Bhd had completed the signing of six solar power purchase agreements for the systems with companies under the DRB-Hicom group.
KUALA LUMPUR: Malakoff Corporation Bhd’s subsidiary will develop rooftop solar energy systems for the DRB-HicomGroup under a 25-year deal.
Malakoff said on Tuesday its subsidiary Malakoff Radiance Sdn Bhd had completed the signing of six solar power purchase agreements for the systems with companies under the DRB-Hicom group.
The companies -- CTRM Aero Composites Sdn Bhd, Hicom Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu Hicom (M) Sdn Bhd, Hicom Teck-See Manufacturing Sdn Bhd, Hicom Bhd and Motosikal dan Enjin Nasional Sdn Bhd (Modenas) -- are manufacturing and engineering arms of the group.
“The solar facilities will be installed under a build-own-operate-transfer contract as part of a 25-year agreement.
“Upon completion, these facilities are expected to generate 18, 836 MWh of clean electricity per annum. These will collectively neutralise about 13, 072 tonnes of carbon emissions per year from the manufacturing industry, ” it said.
Bright prospect with Solar Energy contracts with big boy DRB-Hicom, well position for the future.
Equally important this statement : "Malakoff berkata, ia baru-baru ini memperoleh projek solar atas bumbung lain dengan AEON Co (M) Bhd, Northport (Malaysia) Bhd, Johor Port Bhd dan Pos Malaysia Bhd."
KimSua Malakoff was taken private in 2007 and relisted in 2015 IPO at 1.80/5bil shares It has been trading at ~0.85 all time low for many years now. With yearly dividend rate given out at 5-6%, SM Akbukary might consider taking it private again to create more liquidity/funding. Market cap of malakoff is even higher then MMC. It was either MMC or Malakoff to be taken private. Many banks/funds can provide better debt facility at lower 6% dividend payment given out. Similar situation for good companies in KLSE as liquidity opportunity is limited. Ananda Krishnan has the same problem as well. 04/06/2021 1:49 PM
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....
Nkk1370
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Posted by Nkk1370 > 2021-06-10 18:20 | Report Abuse
Pick up 0.815 and wait for the next dividend