MALAKOFF CORPORATION BERHAD

KLSE (MYR): MALAKOF (5264)

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Last Price

0.64

Today's Change

+0.01 (1.59%)

Day's Change

0.63 - 0.645

Trading Volume

1,699,600

News and Blogs
Discussions
9 people like this. Showing 50 of 6,690 comments

fortunefire

the CEO already said this year is loss making year

2023-11-08 10:20

NRahmat

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.

2023-11-09 09:48

newbie9893

sleeping queen..bila nak bangun

2023-11-09 15:12

NRahmat

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.

2023-11-14 10:16

iQie

Malakof dapat job Gas Malaysia.

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

2023-11-14 17:59

Apastock

sleeping beauty..

2023-11-14 20:14

smartly

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

2023-11-14 21:12

DividendGuy67

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! 😂

2023-11-14 22:55

DividendGuy67

@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.

2023-11-14 23:00

DividendGuy67

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

2023-11-14 23:01

DividendGuy67

@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.

2023-11-14 23:10

smartly

for sure price target will be adjusted lower...

2023-11-24 20:17

sasword

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

2023-11-27 19:21

soon9913

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.

2023-11-28 12:07

soon9913

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

2023-11-28 12:08

soon9913

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.

2023-11-28 12:11

soon9913

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

2023-11-28 12:17

NRahmat

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.

2 months ago

NRahmat

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)

2 months ago

smartly

limit up LOL!

2 months ago

Loh Kok Wai W

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

2 months ago

Snake

130-180

1 month ago

smartly

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

1 month ago

Cheah5555

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

1 month ago

iQie

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

1 month ago

kelvinfixx

Turn the expired power plant into data center.

1 month ago

sasword

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

1 month ago

Jnlee

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

1 month ago

speakup

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

1 month ago

smartly

agreed. any tom dick and harry will up during bull

1 month ago

sasword

now "bull" until sell underpants, wahahahahaha

1 month ago

loonisback

Hahaha bull run also cannot wake up this sleeping stock

1 month ago

speakup

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

1 month ago

smartly

gold status for easier fund raising ?

3 weeks ago

smartly

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

3 weeks ago

Believe3222

just sell to TNB or YTLpower then gulung tikar better

2 weeks ago

Pinky

Another rubbish quarter hahaha 🤣

5 days ago

WPJ4642

Will it any dividend?

5 days ago

smartly

limit down come Monday.

5 days ago

Cheah5555

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

5 days ago

kelvinfixx

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.

4 days ago

kelvinfixx

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.

4 days ago

NRahmat

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.

1 day ago

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