Posted by supernova > 2015-06-24 08:58 | Report Abuse

kelvin got serious bullets. my portion in IPO quite hard to digest.

If im keep holding, and yet no movement, i can diversify it to other counters for quick gain

Move fast pls

Posted by kelvinfixx > 2015-06-24 10:31 | Report Abuse

Got bullet from the bank.

Posted by kelvinfixx > 2015-06-24 10:36 | Report Abuse

Goreng to give duit raya?

Posted by supern0va > 2015-06-24 12:22 | Report Abuse

dont say TP rm2 ,, will go down to rm1.6

Posted by supernova > 2015-06-24 12:29 | Report Abuse

Ohh, why say so? u no trust ur idol?

Posted by supern0va > 2015-06-24 13:31 | Report Abuse

Ohh, why say so? u no trust ur idol?

Posted by supernova > 2015-06-24 13:47 | Report Abuse

Kesian the fellow above me.

Posted by LaoLiu > 2015-06-24 20:43 | Report Abuse

Largest Malaysia IPP Malakoff Corp is the largest IPP (independent power producer) by capacity in Malaysia. Its effective capacity of 5,346MW represents 26% of Peninsular Malaysia’s installed capacity in 2014, placing it second only behind the national off-taker Tenaga.

It owns majority stakes in five power plants (a sixth is under construction), and associate stakes in one, all of which are located along the west coast of Peninsular Malaysia.

Defensive with pockets of growth Malakoff Corp has defensive characteristics in that 1) it is primarily Malaysia-centric and 2) its PPAs (power purchase agreements) have fuel cost pass-through clauses in place. We believe Malakoff Corp could play catch-up to the theme for defensives.

There are growth opportunities. We expect Malaysia’s reserve margin to stay tight in the coming years, meaning new generation plants would still be required beyond 2020. There are also M&A opportunities. Indeed, a key reason for the listing is to deleverage, so as to have more financing leeway for new projects.

We initiate coverage with a BUY rating and a MYR2.00 TP. Our TP is derived from a sum-of parts methodology, with each entity valued on a DCF. Tanjung Bin Power contributes MYR0.90/share to our TP. On our FY16 forecasts, our TP implies an EV/EBITDA of 7.6x, a PER of 16.3x, and a net yield of 4.3%.

Posted by chermile > 2015-06-24 23:01 | Report Abuse

tp rm2...ape ada rasa....tp2.50 ker 2.80 ker...baru la mantap..lol

Posted by kelvinfixx > 2015-06-25 10:37 | Report Abuse

2.00 still not bad.

Posted by kelvinfixx > 2015-06-25 14:58 | Report Abuse

but it should be 2.50... hahaha

Posted by irisexy > 2015-06-25 20:17 | Report Abuse

Too seller how to go up

Posted by irisexy > 2015-06-25 20:18 | Report Abuse

Too many seller how to move up

Posted by LaoLiu > 2015-06-26 11:05 | Report Abuse

Is time to move up..

Posted by kelvinfixx > 2015-06-26 11:10 | Report Abuse

Malakoff share cannot goreng much, because all investors are cornerstone investors like Tabung Haji, KWSP, KWP, MMC, Great Eastern and some other big investment firms. I would suggest a mid term and long term investment.

Posted by LaoLiu > 2015-06-26 12:16 | Report Abuse

All 1.800 swallow up..now moving to the next point..Go, go Malakoff

Posted by speakup > 2015-06-26 12:20 | Report Abuse

GORENG!

Posted by kelvinfixx > 2015-06-26 13:15 | Report Abuse

Mid term RM 2 achievable.

Posted by xenon > 2015-06-26 14:22 | Report Abuse

If rm2.0 been very happy loh.

Posted by LaoLiu > 2015-06-26 16:11 | Report Abuse

Near term Tp : 1.900 - 2.000

Posted by irisexy > 2015-06-26 18:23 | Report Abuse

Before HARIRAYA hit RM2..20

Posted by xenon > 2015-06-27 13:26 | Report Abuse

really can hit rm2.0 ?

Posted by irisexy > 2015-06-28 01:08 | Report Abuse

If not we call them malafxckof

Posted by xenon > 2015-06-28 13:44 | Report Abuse

haha.....

Posted by wassini > 2015-06-29 03:08 | Report Abuse

If before Hari Raya can hit to RM2.00 that really wonderfull!!! Can celebrate Double Raya meh...

Posted by LaoLiu > 2015-06-29 11:24 | Report Abuse

Market is worst today, but malakoff still keep on supporting at 1.790-1.800..

Posted by Joey Zainol > 2015-06-29 12:28 | Report Abuse

down, down down... bad stock.

Posted by LaoLiu > 2015-06-29 17:04 | Report Abuse

Good, close at 1.800..

Posted by irisexy > 2015-06-29 17:28 | Report Abuse

Brother Malakof ada power lagi....going to move soon before HARIRAYA 2.20

Posted by irisexy > 2015-06-29 18:45 | Report Abuse

Epf big supporter

Posted by zeolit > 2015-06-30 07:45 | Report Abuse

Scare o2...dji down 350...gud luck...Write a comment.s

Posted by LaoLiu > 2015-07-01 15:12 | Report Abuse

Waiting for a breakup point above 1.800..

Posted by kelvinfixx > 2015-07-01 17:08 | Report Abuse

Still holding Malakof share for mid to long term. Consider a gems compare to TNB and YTL power.

Posted by aku6043 > 2015-07-02 01:35 | Report Abuse

omg... its going to shoot. Better buy it now ;p

Posted by wassini > 2015-07-02 02:05 | Report Abuse

Hope July giving more joy to all trader's especially to whom still holding MALAKOFF!! All the best!!

Posted by LaoLiu > 2015-07-02 15:11 | Report Abuse

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

Posted by moven00 > 2015-07-02 21:49 | Report Abuse

Bila mau Jalan? Slow motion。

Posted by Rmanze > 2015-07-03 10:45 | Report Abuse

I think this stock will remain 1.7-1.8, until they announce new project.. lol..

Posted by LaoLiu > 2015-07-03 11:36 | Report Abuse

Still trading at below IPO VALUE of 1.800.

Posted by irisexy > 2015-07-04 22:38 | Report Abuse

Going to shoot up.......Before HARIRAYA

Posted by irisexy > 2015-07-04 23:23 | Report Abuse

Malafxckof

Posted by LaoLiu > 2015-07-05 18:56 | Report Abuse

I am waiting the shoot up before hari raya..

Posted by Rmanze > 2015-07-06 08:48 | Report Abuse

Kenanga still interested to buy this stock..

Posted by LaoLiu > 2015-07-06 14:48 | Report Abuse

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

Posted by irisexy > 2015-07-06 23:56 | Report Abuse

Close your finger Rm2.00 before Raya.
They need to goreng up before pay the the dividend on 8/7/25.

Posted by irisexy > 2015-07-07 00:13 | Report Abuse

Big boy Tabung Haji bought a lot on 6/7.
Sure up lah....

Posted by Rmanze > 2015-07-07 10:50 | Report Abuse

http://www.theedgemarkets.com/my/article/affinhwang-capital-starts-coverage-malakoff-target-rm192

Posted by LaoLiu > 2015-07-07 11:17 | Report Abuse

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.

Posted by LaoLiu > 2015-07-07 12:36 | Report Abuse

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.

Posted by zzas > 2015-07-07 14:41 | Report Abuse

aiyooo..like snail la this malakof
who selling at rm1.80?? so.. many one!