Posted by fazlyfaruc > 2015-05-15 10:12 | Report Abuse

what happen to malakofff...offf

Posted by duitKWSPkita > 2015-05-15 10:19 | Report Abuse

MMC pity.... MALAKOFF listing..... MMC kena MALARIA jor

Posted by jolie2 > 2015-05-15 10:20 | Report Abuse

ALAMAK-OFF.
Dropping below IPO

Posted by speakup > 2015-05-15 10:22 | Report Abuse

kaput!

Posted by speakup > 2015-05-15 10:25 | Report Abuse

today close 1.80.
next monday close < 1.80.

Posted by alifawal > 2015-05-15 10:26 | Report Abuse

moga dipermudahkan

Posted by anchovy > 2015-05-15 10:30 | Report Abuse

Mcm tak percaya je!@#$?

Posted by cooling > 2015-05-15 10:31 | Report Abuse

another icon

Posted by fortunebullz > 2015-05-15 10:34 | Report Abuse

Just hold on to your Malakoff! Remember Westport!

Posted by speakup > 2015-05-15 10:42 | Report Abuse

fortunebullz, u say remember Westport, but we can also remember Icon :-)

Posted by aiman168 > 2015-05-15 10:43 | Report Abuse

yes sure up

Posted by jolie2 > 2015-05-15 10:51 | Report Abuse

this malakoff belong to syed mokthar and this syed mokhtar is "blue-eye" boy of tun M.
You all know-lah... now najib and tun M issue now. You think najib will support syed mokhtar-kah for any future project.

Posted by AlexanderJin > 2015-05-15 10:57 | Report Abuse

selling pressure too high....maybe will consolidate for 5-6 months like westport before flying again

Posted by jolie2 > 2015-05-15 11:02 | Report Abuse

all the company have the words -OFF inside their name sure down the share price.
example: TgOFF (tanjong offshore)
Icon OFF (Icon offshore)

Posted by Risk Trader > 2015-05-15 11:07 | Report Abuse

FV for malakof ?

Posted by jolie2 > 2015-05-15 11:10 | Report Abuse

the little green man just activated the green-shoe. Those who want to sell, better sell now . Once this green-man finish his bullet, then all the way down.

Don;t put too much hope on this litte green-man.

Posted by Zurani Bond Abdullah > 2015-05-15 11:14 | Report Abuse

tunggu turun 1,50 baru hantam...

Posted by cooling > 2015-05-15 11:18 | Report Abuse

MALAKOFF = ICON ===> GOOD BYE!

Posted by Drago Tian > 2015-05-15 11:25 | Report Abuse

Tunggu semua gila jual....,takut

Posted by jolie2 > 2015-05-15 11:32 | Report Abuse

they choose a wrong time for IPO. Where got people do IPO in May one ? Always people sell in May and go away.
Tarak tengok fungshui-kah ?

Posted by Drago Tian > 2015-05-15 11:36 | Report Abuse

Target rm1.50

Posted by aiman168 > 2015-05-15 11:39 | Report Abuse

apa takut...

Posted by supernova > 2015-05-15 11:41 | Report Abuse

the most anticipated IPO for the year 2015 in M'sia.

Posted by breadman > 2015-05-15 11:42 | Report Abuse

another AAX...last time also increase a few cents on IPO date

Posted by darryltee > 2015-05-15 11:44 | Report Abuse

happy for days being able to subscribe the shares but earned only 1 cent =.=

Posted by jolie2 > 2015-05-15 11:46 | Report Abuse

1st day cannot go-up , means sell.
Don;t put too much hope.
This one Warren Buffett say-one.

Posted by Drago Tian > 2015-05-15 11:46 | Report Abuse

Pekerja dapat free share, semua hantam jual saja utk enjoy guna.

Posted by jolie2 > 2015-05-15 11:50 | Report Abuse

ini cipalakoff punya share.

Posted by chermile > 2015-05-15 11:52 | Report Abuse

PETALING JAYA: All eyes will be on the price movement of Malakoff Corp Bhd’s shares, which are listed today as potentially the largest initial public offering (IPO) for 2015 in Malaysia.

Malakoff’s share price performance would also have a bearing on the decision of other companies mulling a flotation on Bursa Malaysia, noted some investment bankers.

Although it has enjoyed a successful sales process thus far, with its institutional portion being oversubscribed by 13 times, it is left to be seen how its share price would perform post listing.

Complicating matters is the fact that none of the 12 cornerstone investors of Malakoff’s IPO are subject to any moratorium on their shares.

The only moratorium imposed is on the promoters of the shares, MMC Corp Bhd and its subsidiary, Anglo-Oriental (Annuities) Sdn Bhd, who are locked in for a six-month period.

MMC’s stake in Malakoff will be reduced to 37.8% after the latter’s listing.

Another major owner of Malakoff shares, the Employees Provident Fund (EPF), which sold around 227.86 million of its Malakoff shares for the IPO, still has around 970 million shares and will be free to dispose these shares going forward.

EPF reduced its stake in Malakoff from 30% to around 19.4% post listing.

It should be noted though that Malakoff’s stabilising manager, Maybank Investment Bank will undertake any price stabilisation action if needed.

At least a couple of research houses have given Malakoff a fair value above its IPO price of RM1.80.

TA Securities and BIMB Securities have a “buy” call on Malakoff and have given a fair value of RM2.09 and RM2 target price respectively.

PublicInvest Research has derived a fair value of RM2.18 for Malakoff using a discounted cash flow (DCF) valuation.

TA Securities sees Malakoff as a defensive play. It explained that in Malaysia, independent power producers (IPPs) are assured annual payments from Tenaga Nasional Bhd that ensured capital expenditure and operating expenditure recovery as well as certain return on investments as spelt out in the respective power purchase agreements (PPAs).

“Based on the disclosure in the IPO prospectus, the group commits to pay at least 70% of its annual profit as dividends.

“We see a lack of good and predictable dividend play in the power sector space in Malaysia, of which Malakoff could fill the gap,” TA Securities said in a report recently.

BIMB Securities expects Malakoff’s earnings to grow by 39.3% and 25% for financial year ending Dec 31, 2016 (FY16) and FY17 respectively driven by Tanjung Bin 4.

“Malakoff has set out a dividend payout ratio policy of not less than 70% of its consolidated profit estimated at between 4.8 sen and 6.7 sen translating to a yield of 2.7%-3.7% for the next two years based on IPO price of RM1.80,” it added.

Meanwhile, PublicInvest noted that additional capacity payments from the upcoming Tanjung Bin 4 plant was expected to boost earnings in FY16 and FY17.

It said Malakoff had existing land of about 400 ha with an average remaining lease of 47 years throughout Peninsular Malaysia with ready access to transmission infrastructure.

The land can be used for capacity expansion or other potential projects.

“The group is currently conducting a feasibility study to build a new 1,000MW coalfired power plant at the existing Tanjung Bin site for export to Singapore and another 1,000MW coal-fired power plant in north of Peninsular Malaysia for export to Thailand,” it added.

PublicInvest also pointed out that Malakoff was currently in discussions with Petronas to participate in a 1,300MW co-generation power plant in Johor’s Refinery and Petrochemicals Integrated Development project.

Posted by Drago Tian > 2015-05-15 12:05 | Report Abuse

Soon the big investor, and maybe director will sell..... Buy back at lower...

Posted by legend > 2015-05-15 12:10 | Report Abuse

Don't play with fire..!

Posted by maelxpdc > 2015-05-15 12:21 | Report Abuse

Warren Buffett recommends avoiding IPOs, for the following reason: "It's almost a mathematical impossibility to imagine that, out of the thousands of things for sale on a given day, the most attractively priced is the one being sold by a knowledgeable seller (company insiders) to a less-knowledgeable buyer (investors)."

Read more: http://www.investorwords.com/tips/1427/warren-buffetts-suggestion-on-ipos.html#ixzz3aB54qwfd

Posted by Zurani Bond Abdullah > 2015-05-15 12:22 | Report Abuse

kasi turn byk byk meh,,,,,mau hantam cepat sikit looooo...

Posted by zainal8864 > 2015-05-15 12:24 | Report Abuse

nasib baik aku tak beli ...

Posted by sudahkena > 2015-05-15 12:25 | Report Abuse

Waiting at 1.75

Posted by Risk_Taker > 2015-05-15 12:28 | Report Abuse

Sell..sell..sell

Posted by supernova > 2015-05-15 12:30 | Report Abuse

mostly MITI wanna release fast. SM will wait until they clear off. This IPO still the largest for this year. will takes time to clear off those MITI with financing. They panic they lose. As WB said, less knowledge buyer? Let see.

Posted by jolie2 > 2015-05-15 12:33 | Report Abuse

1st day pun ini macam merah. You ingat ini kong hee fatt choy 1st day new year kah- mahu merah-merah punya angpow.
Betul-betul pukimalakoff .

Posted by supernova > 2015-05-15 12:36 | Report Abuse

blame it on MITI first. SM havent action.

Posted by pillay15 > 2015-05-15 12:39 | Report Abuse

Why make noise now? You need to read the Focus business paper.Weekly issue. There it was mentioned the IPO will not be good for Malakoff because the debt of MMC is being transferred to Malakoff. With so much of debts, how can the share price shoot to the sky.? Unless given time, not sure how long, the share price will remain or fall below the IPO price. Sorry folks.

Posted by LaoLiu > 2015-05-15 12:39 | Report Abuse

Patience, 1st day drop slightly doesn't mean anythings. Maintain Hold to Buy.

Posted by aiman168 > 2015-05-15 12:42 | Report Abuse

buy 1.81 sell 1.79 bagus...........fail punya IPO

Posted by nice1 > 2015-05-15 12:46 | Report Abuse

PE 21, I wont touch

Posted by haha54 > 2015-05-15 12:50 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/05/15/Malakoff-open-to-looking-at-1MDB-power-assets/?style=biz


check this out. Maybe you will get the idea why =)

Posted by tlbeng > 2015-05-15 13:26 | Report Abuse

malakOFF, another iCON
Dispose while the fund manager still supporting the price for the first month

Posted by Risk_Taker > 2015-05-15 14:08 | Report Abuse

Malakoff paln to buy 1MDB power asset? Another spacegoat i think..*sigh*

Posted by Sebastian Sted Power > 2015-05-15 14:38 | Report Abuse

rubbish ipo

Posted by callme777 > 2015-05-15 14:43 | Report Abuse

Another icon

Posted by Risk_Taker > 2015-05-15 14:57 | Report Abuse

204mil vol already

Posted by jolie2 > 2015-05-15 15:04 | Report Abuse

good luck to those still holding it. Hopefully you can sleep peacefully for the next 6 months. All the way to PE 10 similar to tenaga . IT means 90 cents only .