RHB-OSK, KENANGA, MAYBANK, PUBLIC BANK, UOBKayHian, TA, AMMB ---> All this source giving this Malakoff a TP of 2.00 and above.

Oil extends advance as Iran nuclear talks set to miss deadline

MELBOURNE (July 10): Oil rose for a second day on signs Iran and world powers will miss another deadline for a nuclear deal that could end sanctions on the OPEC producer.

Futures gained as much as 1.1% in New York, after climbing the most Thursday in more than two weeks. Senior officials involved in the negotiations said it was too late to reach an agreement by Friday morning in Vienna, the last chance to qualify for a 30-day review in the US Congress. A measure of crude trading volatility was near the highest level in 12 weeks.

Crude oil price now..
WTI : 53.65 +0.87 +1.65%
BRENT : 59.51 +0.90 +1.54%

Eco World International Bhd (EWI) is on track to list on the local bourse in the first quarter of next year.

Good night too..

Well, whether will up much or little, the answer will tell us later when the market open..but hopefully oil rally can maintain the upwards trending for some days..

U.S. stocks rose, with the Standard & Poor’s 500 Index climbing from a four-month low, amid a rebound in Chinese equities and as optimism grew that a Greek debt crisis won’t spread.

Oil Bounce Lifts Saudi Stocks as Biggest Bank Profit Outperforms

Saudi Arabian stocks rallied the most since April as the recovery in oil boosted Saudi Basic Industries Corp. and earnings of the largest listed bank beat estimates.

Equities in the world’s largest oil exporter ended a three-week rout prompted by the slide in crude, risks that Greece will exit the European currency union and a drop in Chinese stocks. The rise in oil helps lessen the burden on Saudi Arabia’s budget, which relies on the commodity for 90 percent of revenue.

“Oil is recovering, and so far we have seen good quarterly results from big companies,” John Sfakianakis, the Riyadh-based director of the Middle East at Ashmore Group, said by telephone.

“Local investors are positioning themselves before the weekend. There have been some indications that there may be an agreement with between Greece and European leaders.”

Greek Prime Minister Alexis Tsipras has until midnight Thursday to present his European colleagues with a plan that includes spending cuts, in exchange for a new European bailout.

Below 0.800 today, is a very good price to collect..

Relax, Airasia still here..there is always someone who earn and someone who lose, normal in stock market.

Hopefully the good news is : starting tmr rally ongoing....at least before raya got a breakup above 1.800 ipo price.

Gonna agree! Adding China Rebound also help out a lot.

Apologize to you, Dryew..as market chg better starting now{Global Rebound on China Rally}, actually 33c is a good price to accumulate.

Global crude oil price rebound up ! Now price at :
WTI : 52.99 +1.34 +2.59%
BRENT : 58.43 +1.38 +2.42%
If can sustain the upwards momentum, perisai tmmr probably will gap up.

Is that really got "Before Raya Rally" for this Malakoff?

Pls don't push down...i invested quite a lot here..:-(

Rebound coming in..

Drop too much this few days, seem like some rebound coming on today..

Still trading at 1.750 - 1.770 below ipo price.

hopefully can buy again this counter at 0.300, if touched..

Touch again new low at 1.260 !

Catching falling knife is dangerous..dunno what is the bottom point.

Touch new low today at 1.270.

eddi..Same thinking here, +1 , agree with you, collect now.

对啊，所以现在“以静制动，以逸待劳”，等待机会中。目前坏消息在世界周围太多了。

@eisteinbrook -->lol..idiot is u lah..=.=", i just believe what my eye tell me, now trading at 1.460, not yet even touch less than 1.450, pls don't act pro speculator here, thank you.

Good luck for those Airasia holders..

Is it now the time to buy in or wait n see 1st?

Those who got the gut to buy at this low, actually is a chance to untung for contra or short-mid-long term.

Touch 1.290 low !

Quite stable there between 1.770-1.800 at this kind of bad market situation.

Still strong supporting at 1.450 and above.

Low at 1.320 (-0.170 -11.41%), probably going down further.

我买在0.490，结果跌。过后买多一轮在0.440，结果又跌！

Today is all red-blood day!

Yeap, patience.. will be rewarded soon before raya..:-)

Malakoff owns power/water assets in Malaysia, the MENA region and Australia. We initiate coverage on Malakoff with a BUY call and a TP of MYR2.39 (35% upside). It is the largest pure-play IPP in Peninsular Malaysia. We like Malakoff for its solid earnings visibility and stronggrowth prospects (driven by a new power plant and potentially export opportunities). Dividend yields are attractive at 4-6%.

Largest pure-play IPP. Malakoff Corp (Malakoff) is an international power and water producer. It currently owns power generation assets with a total effective generation capacity of 6,036 megawatts (MW), comprising 5,346MW in Malaysia, 480MW in the Middle East North Africa (MENA) region and 210MW in Australia, and water production capacity of 358,850 cu m/day in the MENA region. In Malaysia, it is the second-largest power producer with a market share of 18.9%, after Tenaga Nasional (TNB) (TNB MK, BUY, TP: MYR15.53) which has a market share of 39.5%. In terms of being a “pure-play” independent power producer (IPP) (which excludes TNB) in West Malaysia, Malakoff is the market leader with a 24.9% market share.

Investment case. The basis of our investment case for Malakoff are: i) its strong earnings visibility backed by long-term power purchase agreements (PPAs) signed with offtakers, ii) its earnings growth driven by Unit 4 of the Tanjung Bin power plant that will come on-stream in FY16, boosting its effective generating capacity by 17% to 7,036MW from 6,036MW , and iii) It is well-positioned to capture export opportunities given the geographical proximity to Singapore and Thailand and the availability of sites to accommodate more new power plants.

Risks to our view: i) lower-than-expected plant availability achieved (due to unscheduled outages), resulting in reduced capacity payments, ii) interruptions in fuel supply, and iii) delays in the completion of greenfield power plant projects.

We initiate coverage on Malakoff with a BUY call. Our DCF-based TP is MYR2.39 based on a discount rate that is equivalent to Malakoff’s WACC of 6.3%. Its dividend yields are attractive at 4-6% based on the current price.

AffinHwang Capital starts coverage on Malakoff, target RM1.92
KUALA LUMPUR (July 7): AffinHwang Capital Research has initiated coverage on Malakoff Corporation Bhd at RM1.79 with a “Hold” rating and target price of RM1.92 and said it forecasts a 2014-17 earnings CAGR of 17%, adding that it believed these positives were already priced in.

In a note today, the research house said it sees Malakoff as a decent dividend yield play with management guidance of at least 70% dividend payout.

“With a healthier balance sheet now, Malakoff is better positioned to undertake new power projects as well as pursue M&A to grow.

“Malakoff has established a good M&A track record since privatisation in 2006, notably the Macarthur Wind Farm which is a key foreign earnings driver,” it said.

Before raya this week, this counter will move up..

I am waiting the shoot up before hari raya..

Still trading at below IPO VALUE of 1.800.

Crude oil prices consolidated in yesterday and today sessions after four days of decline as market players calmed down about the implications of the Greek crisis while a deal with Iran was delayed. In Europe, all eyes are on the upcoming Greek referendum scheduled for July 5 where its people will vote to accept or reject the creditors’ proposal. This helped to put the fire out of the sell-off in risk assets including oil due to risk aversion. Yesterday's deadline for nuclear talks between Iran and the six Western countries have been extended to July 7, while political momentum still points toward a deal. Questions remain on when the sanctions on Iran’s oil exports may be lifted and how much of its output would be built up.

Crude oil ended the first half of this year with a gain of around 11 percent, including a 25 percent increase during the second quarter that marked the largest single-quarter percentage gain since 2009.

Crude oil price now..
WTI : 57.16 +0.20 +0.35%
BRENT : 62.39 +0.38 +0.61%

Now trading at 1.770-1.780 below IPO VALUE of 1.800.

Crude oil price now...Hopefully a rebound will come soon.
WTI : 57.08 +0.12 +0.21%
BRENT : 62.28 +0.27 +0.44%

Eco world, the friend of Malakoff.. need to wait when the market is good, and also again need to wait when the market is bad..dunno when it will suddenly shoot up or down.

Waiting for a breakup point of 1.600..

Waiting for a breakup point above 1.800..

Uptrend ongoing !

Global crude oil prices rebounding.
WTI : 58.69 +0.36 +0.62%
BRENT : 62.75 +0.74 +1.19%