Posted by boon1515 > 2016-03-30 00:54 | Report Abuse

Annual Report is out, looks gooding. Is kind of long term and stable stocks for dividend

Posted by Johnsonwong > 2016-03-30 10:17 | Report Abuse

EPF Disposing

Posted by Rmanze > 2016-03-30 11:17 | Report Abuse

This company is start to make profit

Posted by localmotive > 2016-03-30 15:11 | Report Abuse

Why EPF keep disposing? Something fishy?

Posted by meje > 2016-03-30 15:28 | Report Abuse

Nothing fishy.EPF want to pay latest divedends declared ...cilakak

Posted by Mohd Fahmi Bin Jaes > 2016-03-30 15:33 | Report Abuse

welcome 1.59 back

Posted by lch90 > 2016-03-30 15:36 | Report Abuse

Peh EPF lock u all dead at that price. muahahahaha.

Posted by thinkkfully > 2016-03-30 16:08 | Report Abuse

hahahaha.... welcome bck to 1.60 region~~~~~~

Posted by rusliasas > 2016-03-30 16:14 | Report Abuse

epf is selling at lost as their cost was at ipo rm1.80, trimming to reduce exposure but nothing wrong with the stock- deep pocket continue buying as the yield now at 5.50%.

Posted by Investeye > 2016-03-30 16:24 | Report Abuse

Matched few lots at rm1.59..

Posted by thinkkfully > 2016-03-30 16:40 | Report Abuse

gone case..... hmmmmmmmmm

Posted by Pui Che Hong > 2016-03-30 18:29 | Report Abuse

Tomorrow 1.64.

Posted by ylliau > 2016-03-30 19:04 | Report Abuse

Tot malakoff and mmc are same boat...dunno why different move today...

Posted by boon1515 > 2016-03-30 21:41 | Report Abuse

EPF dispose, foreign fund buy in, the more foreign fund buy in, the more EPF will dispose. Accumulated more during this few days =D

Posted by Johnson Wong > 2016-03-30 22:21 | Report Abuse

Average price target 2.07,long way to go

Posted by The One > 2016-03-30 22:28 | Report Abuse

And what happened when foreign funds eventually decided to sell? Hmm..

Posted by Risk Trader > 2016-03-30 22:35 | Report Abuse

Buy on dip...

Posted by lyewseng > 2016-03-30 22:38 | Report Abuse

This counter easily make small pocket when it turn red below 1.60.it fast to prop up to IPO price.Good luck who bought 1.59 today

Posted by thinkkfully > 2016-03-31 09:28 | Report Abuse

see how la, uprise momentum being neutralised...... now back to ~1.60-1.63 region again....bck to previous game..... epf, really curious what is their plan??? want to reduce to 15% holding??? or more???? hmmmmmmmmmm

Posted by Johnsonwong > 2016-03-31 09:45 | Report Abuse

EPF Stopped dumping ardy

Posted by thinkkfully > 2016-03-31 10:09 | Report Abuse

is it??? how u know??? yday still can see epf disposed on 25march......

Posted by goldenhope > 2016-03-31 14:25 | Report Abuse

RM1.60 good buy?

Posted by Mohd Fahmi Bin Jaes > 2016-03-31 14:26 | Report Abuse

wait 1.59-1.56 only

Posted by Activetrader > 2016-03-31 15:01 | Report Abuse

BUY AND SELL 1.60 WTF?

Posted by localmotive > 2016-03-31 21:04 | Report Abuse

epf only stop for now. when it goes back up, epf will start selling again. lousy fellas

Posted by thinkkfully > 2016-04-01 10:34 | Report Abuse

hopefully epf stop~~ low vol morning seesion compare to yday

Posted by localmotive > 2016-04-01 23:00 | Report Abuse

Now both epf and kwap selling. Lousy fools.

Posted by thinkkfully > 2016-04-02 07:33 | Report Abuse

Not now.... Epf keep selling since nov... Kwap selling negligible compare to epf.... Epf sold out more than 100mils units dy... From 20% reduce to 16.6% now... Hopefully epf stopped dispose dy... If not, throw another 100mils units, how to go up??

Posted by thinkkfully > 2016-04-02 07:34 | Report Abuse

Kwap disposed sikit.... No big deal....

Posted by dr_jogho > 2016-04-04 16:43 | Report Abuse

maybe this week Malakoff can broke at level rm1.65 towards over rm1.70

Posted by MoreMoreMoreMoney > 2016-04-04 20:17 | Report Abuse

2 sen dividend per share

Posted by localmotive > 2016-04-04 22:00 | Report Abuse

last year, malakof declared dividend two times ... 3 sen and 2 sen, total 5 sen per share. good lah!

Posted by lch90 > 2016-04-05 09:31 | Report Abuse

5 cents is total bs. i get more dividend placing the money in fd than in malakoff.

not to mention the transaction cost i have to bear.

Posted by Johnsonwong > 2016-04-05 15:47 | Report Abuse

Bullish, heading 1.70 this week

Posted by Mohd Fahmi Bin Jaes > 2016-04-05 15:48 | Report Abuse

normal will down 1.60 back

Posted by Jajalala > 2016-04-05 15:51 | Report Abuse

from outlook, looks like heading north this time. hopefully epf don't come kacau

Posted by Johnsonwong > 2016-04-05 16:11 | Report Abuse

This stock NEUTRAL to oil price and USD. Good

Posted by ExLaSalle84 > 2016-04-05 16:12 | Report Abuse

Jumlah dividen Malakof utk tahunan kewangan 2015 ialah 7 sen.

Posted by Johnsonwong > 2016-04-05 16:22 | Report Abuse

Still FAR better than FD as you can enjoy both share price appreciation and dividend

Posted by localmotive > 2016-04-05 21:24 | Report Abuse

Moving up lah! Hope keep goin RM2.00

Posted by lyewseng > 2016-04-06 08:32 | Report Abuse

Rm 2.00 possible???

Posted by Mohd Fahmi Bin Jaes > 2016-04-06 08:33 | Report Abuse

no

Posted by localmotive > 2016-04-06 09:23 | Report Abuse

just hoping. even 1.90 also good

Posted by dr_jogho > 2016-04-06 10:13 | Report Abuse

24% of IPP supply by malakoff

Posted by thinkkfully > 2016-04-06 17:51 | Report Abuse

1.64 with 2.4mils, which 2millions dealed at 4.30pm at rm1.65, which I treated it as a cross deal.... so the real dealed was around 500k units....... Today trading consider low-vol..... no big deal for me laaaa...... jus wish tat, don go bck 1.60 again la~~~

Posted by Johnson Wong > 2016-04-06 19:50 | Report Abuse

GOOD chance for Malakoff’s PD Power to renew PPA after 2019

By UOB Kay Hian / The Edge Financial Daily   | April 6, 2016 : 10:52 AM MYT   

This article first appeared in The Edge Financial Daily, on April 6, 2016.

 

Malakoff Corp Bhd
(April 5, RM1.67)
Reiterate buy with a target price (TP) of RM2: Malakoff Corp Bhd’s wholly-owned Port Dickson Power Bhd (PD Power) is a 440mw  open-cycle gas-fired power plant located about 1.5 hours away from Kuala Lumpur. The power plant signed its 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) in 1995. Subsequently, the Energy Commission extended PD Power’s PPA (at lower tariffs) by another three years (from March 2016 to February 2019)

Designed as an open-cycle power plant (without a boiler and steam turbine), PD Power has the ability to supply electricity to the national grid within a 30-minute time frame. This compares to combined cycle gas-fired’s one to two hours and coal-fired power plants’ 24 to 36 hours start-up time.

Consequently, the regulators have utilised open-cycle power plants to satisfy demand load during peak periods (typically in the 10am, 2pm to 4pm, and 8pm time slots).

PD Power is one of three open-cycle power plants, more commonly known as peakers, in Peninsular Malaysia. The other two peakers are: i) Edra Global Energy Bhd’s 434mw  Powertek power plant; and ii) TNB’s 625mw Putrajaya power plant.

We gathered that PD Power shares the same revised tariff as Segari Energy Venture Sdn Bhd, which is 60% to 70% lower than its first-generation tariff.

Recall that the management had guided in its fourth quarter ended Dec 31, 2015 analyst briefing that the expected contribution from PD Power’s PPA extension is approximately RM20 million per annum in earnings before interest, taxes, depreciation and amortisation (Ebitda). In the absence of depreciation and interest charges, PD Power has been fully paid up as at January 2016. PD Power will contribute 3% to Malakoff’s bottom line.

In our assessment of Peninsular Malaysia’s power generation mix, PD Power stands a good chance of renewing its PPA beyond 2019. This is predicated upon PD power being one of three peakers in Peninsular Malaysia and the regulator may not be able to displace these conventional peakers with relatively small renewable energy components.

We have already incorporated PD Power’s approximately RM20 million Ebitda contribution with the three-year PPA extension that was granted by the EC in December 2015. In all, we project 2016 and 2017 core net profits of RM487 million and RM483 million respectively.

Tanjung Bin Energy (TBE) will lift Malakoff’s effective generation capacity by 17% to 7,040mw. The project is expected to yield an Ebitda of RM515 million annually, lifting Ebitda by 22% in 2017 (maiden full-year earnings contribution) versus 2015 Ebitda of RM2.448 million. This has been factored into our earnings.

With the completion of TBE last month (which cost RM6.7 billion to build), capital expenditure (capex) will taper off to RM900 million this year versus RM1.6 billion (2014) and RM1.4 billion (2015) previously.

We reiterate “buy” on Malakoff with a sum-of-parts TP of RM2, implying 20.8 times 2016 forward price-earnings ratio and 8.4 times enterprise value (EV)/Ebitda.

The stock currently trades at 16.5 times 2016F PER and 8.5 times EV/Ebitda. We like the stock for: a) its strong earnings visibility underpinned by long-tenured PPAs amid current market volatility; b) 2015 to 2016 earnings recovery from the low base in 2014 due to unplanned Tanjung Bin outage; and c) attractive dividend yield of 4.1% in 2016, with upside from lower capex requirements with the completion of TBE by last month. — UOB Kay Hian, April 5

Posted by Johnsonwong > 2016-04-07 14:50 | Report Abuse

Moving slowly

Posted by Investeye > 2016-04-07 14:53 | Report Abuse

Disposed all again...

Posted by localmotive > 2016-04-07 15:12 | Report Abuse

1,69 .. and going to 1.75 soon

Posted by Mohd Fahmi Bin Jaes > 2016-04-07 15:15 | Report Abuse

1.75 in dream. will down back