Short term wise will have some downturn, hovering between the support and resistance. Long term still positive on Malakoff, as it still below ipo price of 1.800.
after a few weeks.... finally i didnt see big volume blocked at 1.60.... hopefully epf finished disposed...... i think soon, epf will announce how many % dividend that we get from epf~
until 14th Jan I saw the big cross transaction.... bursa news jz updated epf disposed on 12th Jan... I believe will have another 2 days epf news, 13th and 14th.....
15th Jan, it shld be foreign fund selling, while local instituition is supporting bck malakof.... 18th Jan, 440k units transaction only.... can see that selling pressure reduce alot... hopefully it finished dy....
the next quarterly report is end of Feb, which is about 6weeks from now.... from my experience, the share usually rising or dropping ~6weeks ahead the qreport.... 1: good result, share will rising soon... 2: bad result, share mostly will start dropping, or it surviving hard at the price now.... n eventually go down... (i wish it not happens)
btw, bursa news only mentioned epf disposed........ however, the big amount disposition like this, shld have another big player or big funds acquired from epf...... y bursa didnt mention on it? haiih.... sometimes really feel speechless.... hmmmmm.....
-The largest domestic IPP with a gross generating capacity of 7,249MW in Malaysia and its low business risk profile stemming primarily from fairly predictable cash flows from its portfolio of power plants under long-term power purchasing agreements (PPA) with Tenaga Nasional Bhd (rated AAA/Stable)
Tanjung Bin Energy Sdn Bhd (TBE).
-TBE’s construction progress reached 99.26% as at end-2015 against scheduled progress of 99.65%, narrowing the progress variance substantially through increased manpower and working hours to expedite construction progress. TBE is scheduled to achieve commercial operations on March 1, 2016.
AA-IS rating.
-Malaysian Rating Corporation (MARC) has affirmed its AA-IS rating on Malakoff Power Bhd’s (MPower) RM5.40bil Sukuk Murabahah with a stable outlook. The outlook also assumes that TBE will achieve commercial operations within six months from the scheduled commercial operations date and the refinancing risk of EBL will be adequately addressed well before 2017. (25/01/2016)
Useless stock .. range trading between 1.55-1.63 for so many months. On bad days drop a lot. On good days climb few sen only. Moreover saddled with a lot of debts.
Better invest in penny stock for short term profit.
Malakoff should be re-categorised as "Fixed Deposit". Hasn't gone anywhere the past few weeks. That's good when the general market is seeing a fall. But frustrating for shareholders when it's up while Malakoff is still sleeping.
general meeting like AGM? shld happen in May or June.... price being holding by the big funds, need to wait big funds collect enough then can move further....
Matched at RM1.60, time to pick up some lots at present reasonable price while waiting for dividend declaration. In long run, present price is at low risk.
THERS FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
MALAKOFF CORPORATION BERHAD
Type Announcement Subject OTHERS Description FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 The Board of Directors of Malakoff Corporation Berhad (“MCB” or “the Company”) is pleased to propose a final single-tier dividend of 2 sen per ordinary share for the financial year ended 31 December 2015.
The final dividend is subject to the approval of the members at the forthcoming Tenth (10th) Annual General Meeting of the Company.
The notice of book closure and date of entitlement and payment in respect of the aforesaid final single-tier dividend will be announced in due course.
KUALA LUMPUR: Malakoff Corp Bhd’s 35.7%-owned associate Almiyah Attilemcania SPA (AAS), which operates a seawater desalination plant in Algeria, will further appeal a fine of 3.929 billion dinars (RM148.79mil) for an alleged breach of foreign exchange regulations.
In a statement to Bursa Malaysia, the independent water and power producer said based on information from AAS lawyers, the court of appeal of Tlemcen in the North African nation had on March 2 upheld the lower court’s decision to impose the penalty
The lower court of Ghazouet in Tlemcen had imposed the fine towards the end of 2014.
AAS is 51% owned by Tlemcen Desalination Investment Company SAS, which is ultimately 70% owned by Malakoff Corp and 30% by Singapore-listed Hyflux Ltd.
Malakoff said AAS’s lawyers had advised it that the penalty would not be enforced against AAS until AAS had exhausted of all rights to appeal.
“AAS will file an application to appeal against this decision to the Algerian Supreme Court once AAS receives an official notification from the (appeals) court in accordance with the process of law,” it said.
Malakoff, which is 17.95% owned by MMC Corp and 17.18% by the Employees Provident Fund Board, added that AAS’s lawyer was of the view that “it is probable for AAS to succeed in its appeal at the Supreme Court.”
To recap, the legal proceedings against AAS were initiated by the Public Prosecutor of Algeria in September 2014. During the financial year 2009, it was discovered that there had been a considerable gap between the value of the delivered equipment and the value of the payment made by AAS to the supplier cum contractor.
“The invoice gap however was not resolved by the supplier cum contractor and the Algerian Customs then initiated investigations and thereafter the charge was brought against AAS,” MMC Corp announced in November 2014 (when it was Malakoff’s holding company).
Due to the invoice gap, it was alleged that AAS had failed to repatriate a sum of US$26.9mil (RM111.15mil).
The project to build and operate the seawater desalination plant in Algeria was awarded to the Malakoff/Hyflux Ltd team in 2006. Under the 25-year concession, the project company has the right to supply desalinated water to the state-owned national public water entity of Algeria and Sonatrach SPA, the national oil company of Algeria.
Malakoff shares gained 2 sen to close at RM1.63 on Tuesday.
in January 2016, Bursa Malaysia implemented an industry-wide three Market Depth (also known as Market Queue on RHB TradeSmart portal) data policy for all online trading customers. This policy meant that all online traders are restricted to view up to three rows of market depth information, i.e. buy/sell price and buy/sell quantity. In order to view up to five rows of market depth data, a pay-to-view fee imposed by Bursa Malaysia would apply.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mdrizal
93 posts
Posted by mdrizal > 2015-12-31 22:39 | Report Abuse
Why this counter should be down while oil price is low? What is the relevant?