Hopeless utilities stock with coal that will be banned by western countries due to climate change , government will increase corporate tax for companies who failed to follow ESG target ! The dividend u get is not enough to cover your capital loss !
NO one care about what Western Countries think, It's Malaysia government interested to make sure Malaysia energy security, Malakoff is involved in Renewal Energy, but it can't replace coal in short term except Nuclear, but are we even ready for nuclear?
KUALA LUMPUR: Malakoff Corp Bhd’s net profit tumbled 77.9% to RM9.2mil in the fourth quarter ended Dec 31, 2021 (4Q21) from RM41.64mil a year ago.
The lower profit was primarily due to write-off of Segari Energy Ventures Sdn Bhd (SEV) deferred expense, lower contribution from Tanjung Bin Energy Sdn Bhd (TBE) impacted by lower capacity payment and impairment of assets caused by plant outage as well as higher operation and maintenance costs.
However, these were partially moderated by higher contributions from Tanjung Bin Power Sdn Bhd (TBP) on the back of higher applicable coal price (ACP) as well as higher contributions from Alam Flora Sdn Bhd (AFSB) and foreign investments in associates.
Revenue, however, rose 28.4% to RM1.94bil from RM1.51bil reported a year ago, mainly due to higher energy payments recorded from TBP on the back of higher ACP and SEV given the higher despatch factor.
For the full financial year ended Dec 31, 2021, Malakoff posted a net profit of RM254.54mil on revenue of RM6.46bil.
Malakoff said the group continued to leverage on the Government’s transition to a low-energy carbon system and expanded its renewable energy (RE) portfolio with a long-term target of 1,400 MW by 2031.
To date, the group has secured rooftop solar projects with a total capacity of 24.8 MWp.
On the environmental solutions front, Malakoff said Alam Flora continued to make progress on the development of its construction and development waste facility (120 tonnes per day) in Pahang which is expected to commence operations in second quarter 2022.
It will depend on Dividend payout rate . If still giving out same rate like before. Current entry price is good. But then looking at the last QR .. Net profit dropped to so little. I doubt same rate payout this year.. May be i will wait a little longer
@kelvinfixx Bro... your unrealized loss must be damn high now... Bear in mind that malakoff's dividend payout ratio is not as high as before (it is about 1/2 from before and the share price was hovering around 80-90cents at 100% dividend payout ratio)
kelvinfixx, you seem to have bought a lot of this counter. i thought it was like before - last time that Malakoff Berhad shot past RM10, so how much can i sell? do u have other stocks??
Encouraging day for this counter. Is it just normal portfolio-balancing by institutional buyers like EPF and KWAP, or something going on? Like that much-speculated (since several years ago) "taking it private again"? Hopefully it's investors, big and small, having interest in unexciting utilities companies again.
Should see a rally this week , as KWAP starts buying again & dividend on 6th May after Raya holidays. Added some waiting for the rally to find steam this week
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....
Superb99
6,577 posts
Posted by Superb99 > 2022-01-13 17:26 | Report Abuse
Poor momentum, can easily go below 0.7