Posted by alexsee > 2018-08-02 09:18 | Report Abuse

shareholders don't like right issue (one of the way they will do to get fund internally), most of counter do right issue, share price will go down below the right issue price.. like mitra, mrcb etc

Posted by smartly > 2018-08-02 09:19 | Report Abuse

RI coming, run for your life.

Posted by Bullhunter > 2018-08-02 09:20 | Report Abuse

bobbytrap

Posted by chasz > 2018-08-02 09:21 | Report Abuse

yah down as what expected..but long term sure win

Posted by naruko > 2018-08-02 09:23 | Report Abuse

need to pay so much for acquisition..zz

Posted by kelvinfixx > 2018-08-02 09:27 | Report Abuse

People look at short term, this is a medium term share.

Posted by kelvinfixx > 2018-08-02 09:31 | Report Abuse

Only panic some will sell.

Posted by luckypunting > 2018-08-02 09:45 | Report Abuse

New Biz yearly profit around 99m ... cost of acquisition is 990m ... about 10% return yearly ...

Posted by luckypunting > 2018-08-02 09:46 | Report Abuse

if can get some loan with 3% interest to fund the acquisition...still have 7% return??

Posted by luckypunting > 2018-08-02 09:48 | Report Abuse

3 locations can earn 99m .... with 2 more coming can earn 150m yearly? or more with tariff revision?

Posted by rooney8 > 2018-08-02 09:59 | Report Abuse

First of all, the Alam Flora concession ends on 2033. So, Malakoff only get 15 years concession. The profit is 99mil for the years without tax. After tax, it is much lower. I do think Malakoff has cash and will likely not going for RI.

I am more worried about the solar/hydro projects. It will need another 1B.

Posted by Ninja6157 > 2018-08-02 10:18 | Report Abuse

KUALA LUMPUR (August 1): Malakoff Corp Bhd shares rose 6.2 percent.

Market Metrics

* Shares advanced to RM1.03, higher than any close since Jan 9, from 97 sen in the previous session.

* Trading volume was more than triple the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index moved less than 0.1 percent, and the MSCI AC Asia Pacific Index rose 0.3 percent.

* The relative strength index on the stock was above 70, indicating it may be overbought.

Market Insights

* In the past year, the stock had a similar or greater gain three times at the close; it advanced in the next trading session once (2 percent) and declined twice (5.3 percent, on average).

* Shares are at a 14 percent discount to the analysts' consensus target price. The stock traded at an average 20 percent discount over the past year.

* Stock declined less than 0.1 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 1.1 percent.

Posted by vitac > 2018-08-02 10:31 | Report Abuse

Yes have cash but huge debt also, up for one week you buy shoik shoik then only one day can wash away your hard earn money, same case like mhb..

Posted by Chanfang > 2018-08-02 10:58 | Report Abuse

Epf counters trap ppl in Holland, its a buy and die

Posted by Notconfused > 2018-08-02 11:24 | Report Abuse

off to holland liao

Posted by Nepo > 2018-08-02 11:29 | Report Abuse

RUN...

Posted by maymay > 2018-08-02 12:21 | Report Abuse

Will rebound after lunch. I'm in mother and son

Posted by maymay > 2018-08-02 12:23 | Report Abuse

Don't miss it

Posted by hornbill > 2018-08-02 12:47 | Report Abuse

New PH government is pros renewable energy.

Posted by timewarp > 2018-08-02 13:08 | Report Abuse

They are buying a cash cow...will see its contribution in future.

Posted by rooney8 > 2018-08-02 13:20 | Report Abuse

Not sure how true is the statement below. Public bank didn't mention it but Kenanga did.

Furthermore, as per our understanding, Alam Flora is currently sitting on approximately RM400m in cash, and RM80m in borrowings, thus rendering MALAKOF’s net-cash outlay for the acquisition at only roughly RM545m, implying an EV/EBITDA of approximately c.7x.

Posted by luckypunting > 2018-08-02 13:29 | Report Abuse

as per 2017, Alam Flora has net Cash 254m, and Equity of 218m .... total of 472m liquidity

Posted by luckypunting > 2018-08-02 13:30 | Report Abuse

2018 not yet counting ...cash is increasing each year

Posted by luckypunting > 2018-08-02 13:32 | Report Abuse

Malakof so far maintains over 90% dividend payout ratio ... with this Cash cow coming to milk hope to get more.... :p

Posted by miker > 2018-08-02 13:33 | Report Abuse

Ini company sedara mara pinya, keluar poket kiri, masuk poket kanan, dua dua dapat benefit maaa.

Posted by miker > 2018-08-02 13:41 | Report Abuse

DRB Hicom Bhd is selling profitable Alam Flora Sdn Bhd

--Profitable/cash cow--

http://www.thesundaily.my/news/2018/08/01/drb-hicom-sells-cash-cow-alam-flora-pare-debts-finance-proton-operations

Posted by trink2323 > 2018-08-02 13:48 | Report Abuse

Yes that makes sense. This is a good deal considering the accretive earnings coming in from new concessions + complementary to Malakoff's core business (through waste to energy).

Posted by luckypunting > 2018-08-02 13:49 | Report Abuse

Malakof is paying about 1B for a Company that alreadyhas 500m Cash ... and Cash is keep coming in each year

Posted by Yukimura > 2018-08-02 14:16 | Report Abuse

Kenanga gave a clearer picture on the acquisition than other investment banks.

Posted by grateful > 2018-08-02 16:16 | Report Abuse

Malakoff sees Alam Flora contributing 25% or more to net profits
Read more at https://www.thestar.com.my/business/business-news/2018/08/02/malakoff-sees-alam-flora-contributing-25pct-or-more-to-net-profits/#o1eVQlh0x3o7SHxh.99

Posted by Darren > 2018-08-02 16:46 | Report Abuse

Long term profit might increase, short term sell. Some big player trying to support at 0.965 & 0.97 but selling power still strong.

Posted by alexsee > 2018-08-02 16:56 | Report Abuse

guess right issue price = 0.7 or 0.6 ?? if no right issue, then malakof will sell their shares via open market... since they collected so much during 0.85 - 0.9

Posted by syee01 > 2018-08-02 17:00 | Report Abuse

tunggu mati

Posted by bleuerouge > 2018-08-02 17:01 | Report Abuse

sell on news

Posted by Darren > 2018-08-02 17:20 | Report Abuse

tmr if 0.955 can't hold, next resistance is 0.915
Good Luck guys.

Posted by peterchu > 2018-08-02 18:54 | Report Abuse

Lol this kind of deal normally seller price will up - drb buyer price will drop

Posted by Depeche > 2018-08-02 21:13 | Report Abuse

Normally that will be the case...even now...but this is short term pain but long term gain... buy on weakness...Alam Flora will boost its profits significantly from now.

Posted by maymay > 2018-08-03 07:44 | Report Abuse

Enter from 980 then 965 then 955.
Hope can make some money soon

Posted by Darren95 > 2018-08-03 08:07 | Report Abuse

if today down.. then just buy

Posted by Darren95 > 2018-08-03 08:14 | Report Abuse

q to buy if down to 0.92

Posted by Nepo > 2018-08-03 08:18 | Report Abuse

15. CASH AND CASH EQUIVALENTS
RM 2,355,529,000 (Year 2017)

Malakoff has cash RM 2,355,529,000 (Year 2017), no need right issue for the acquisition.
Alam Flora is a cash cow company which will generate stable income for another 15 years. Worth deal. Just buy if the price drop.

Posted by luckypunting > 2018-08-03 10:03 | Report Abuse

Price Consolidation phase now ...

Posted by maymay > 2018-08-03 11:04 | Report Abuse

Hi all, which C Better to invest ?? Thank

Posted by rooney8 > 2018-08-03 11:08 | Report Abuse

C is not investing, it is called punting. And if you don't understand the risk, better don't touch CW.

Posted by trink2323 > 2018-08-03 12:34 | Report Abuse

Go go go Malakoff! Even the negative reports are backtracking now, realising the real value of the deal. It's only 7x PE, less than Alam Flora's 8X valuation. not to forget AF is net cash! Buy!

Posted by Darren > 2018-08-03 12:53 | Report Abuse

As latest quarter, the company cash is 1,292,455,000

Posted by Andy88 > 2018-08-03 14:14 | Report Abuse

Let see 2nd session can break 1.0 or not

Posted by Darren > 2018-08-03 15:07 | Report Abuse

not possible

Posted by bleuerouge > 2018-08-03 15:15 | Report Abuse

buought 0.965.

Posted by TG Shah Tengku Yunus > 2018-08-03 15:38 | Report Abuse

so hard to break 0.970