MALAKOFF CORPORATION BERHAD

KLSE (MYR): MALAKOF (5264)

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Last Price

0.845

Today's Change

-0.005 (0.59%)

Day's Change

0.84 - 0.855

Trading Volume

327,200


9 people like this.

6,838 comment(s). Last comment by fruitcake 54 minutes ago

asturay

189 posts

Posted by asturay > 2018-02-22 08:09 | Report Abuse

Trap.80cts buy

Posted by weavefinder > 2018-02-22 08:43 | Report Abuse

malakoff bhd buys back its own shares. The purchases are between 90 sen and 93 sen. What is the point of shares buy back if eventually it slides down below your share buy back price. In such a case the corporate finance people from Malakoff together with the IB or institutional market maker for malakoff are confurmed idiots from birth! And in such a case this malakoff can fu.. off to hell together with their share buy back program.
Bro, what i am trying to tell you is that if you manage a share buy back prog, you must ensure that prices do not sway far from your average purchase. If you have to average downwards all the time, so how much money is needed and when can you profit? Then it would seem that they are no different from us, retail players.
Just my 2 sens worth!

Posted by weavefinder > 2018-02-22 08:50 | Report Abuse

But the saddest fact is that this outfit is run by a recycled CEO! And most of Tan Sri Bukhary's listed vehicle are non-performers now,,,, Zelan, MMC, DRB....Not his fault entirely, but becos non existent personnel talent in execution.

Posted by weavefinder > 2018-02-22 10:18 | Report Abuse

What if scenario: Could there be a possibility that if the counter was pushed up earlier before the results were out and without the share buy back, there would be bigger sell down yesterday.. So rather than face this possibility they were just letting the counter hover around 91 to 94 sen before results were out. If there were anymore sell-down it would have happened this morning due to contra players knee jerk reaction. Somehow it looks like the sell down has slowed down.

Now if the counter goes to PE 18, the price will be about 112 sen. Fundamentally b4 the next q result,112 sen seems a possibility.
Again this are just what if scenarios. To know more, you have to ask the market maker for malakoff.

HYG

1,484 posts

Posted by HYG > 2018-02-22 13:27 | Report Abuse

I think Malakof still perform good. I would expect price will slowly move up to 1.00

Andy88

581 posts

Posted by Andy88 > 2018-02-22 14:49 | Report Abuse

Sell on green, buy on red

luckypunting

1,930 posts

Posted by luckypunting > 2018-02-22 15:19 | Report Abuse

Maybank IB give TP 1.15 for FY2018

BillyK

570 posts

Posted by BillyK > 2018-02-22 15:25 | Report Abuse

tough time for IPP too

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-22 16:06 | Report Abuse

MALAKOFF
still going up no bad
can hold
seem people still confidence
even bad qr and nta drop
price still flying up
stock market very strange Ranhill qr keep improve a lot but when we expect price flying Ranhil up
Malakof bad qr but flying again
so I just say all is a game
haha

leelc99

871 posts

Posted by leelc99 > 2018-02-22 16:12 | Report Abuse

Hahaha, Malakoff used 1 day to recover from bad news of QR. Let's FLY!

Posted by Lucas Mason > 2018-02-22 16:14 | Report Abuse

Aggressive share buy back to save dividend :)

faralenz77

1,033 posts

Posted by faralenz77 > 2018-02-22 16:18 | Report Abuse

dividend so good.

Posted by Lucas Mason > 2018-02-22 16:30 | Report Abuse

this may be the last good dividend???
using TBP Disputes Settlement Compensation to pay the dividend
Financial year 2018 no more

CL_Tiok

78 posts

Posted by CL_Tiok > 2018-02-22 17:22 | Report Abuse

Price Target News
22/02/2018 1.29 +0.38 (41.76%)PUBLIC BANK
22/02/2018 1.25 +0.34 (37.36%)KENANGA

asturay

189 posts

Posted by asturay > 2018-02-22 18:44 | Report Abuse

Ib rubbish.trap

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-22 19:14 | Report Abuse

sure fly la

leelc99

871 posts

Posted by leelc99 > 2018-02-23 00:45 | Report Abuse

QR so bad but dip so little and recover straight next day? Sure fly la

alzaputih

89 posts

Posted by alzaputih > 2018-02-23 01:47 | Report Abuse

Bottom fish and gap up

Posted by Lucas Mason > 2018-02-23 08:29 | Report Abuse

http://www.enanyang.my/news/20180223/马拉卡br-下财年盈利看跌/

NANYANG TARGET PRICE 0.82

Andy88

581 posts

Posted by Andy88 > 2018-02-23 09:24 | Report Abuse

Wow lucas, i target 0.8

Secrecy

748 posts

Posted by Secrecy > 2018-02-23 10:07 | Report Abuse

0.75

leelc99

871 posts

Posted by leelc99 > 2018-02-23 11:26 | Report Abuse

Hahahaha this bunch of daydreamers

Andy88

581 posts

Posted by Andy88 > 2018-02-23 11:36 | Report Abuse

@leelc The share unit is 5000M, u clearly know holding by who, expected noon will close in red

Posted by PaulieChong > 2018-02-23 11:39 | Report Abuse

i dont think it can reach 1.25 by end of March.

Andy88

581 posts

Posted by Andy88 > 2018-02-23 11:59 | Report Abuse

1.25 by end of march? U think too much?

ctooi

80 posts

Posted by ctooi > 2018-02-23 12:38 | Report Abuse

holy cow..can still declare 3.5sen dividends after so much share buy back.

ctooi

80 posts

Posted by ctooi > 2018-02-23 12:40 | Report Abuse

oops. it's 3.7 Sen not 3.5

leelc99

871 posts

Posted by leelc99 > 2018-02-23 12:54 | Report Abuse

Ctooi, they have already approved to buy back 10% of total shares quite some time ago. So yes , it's still possible.

leelc99

871 posts

Posted by leelc99 > 2018-02-23 12:55 | Report Abuse

Andy88, you said fall sharply after QR which happened to be not true. And now you shouting close red when it seems so strong, let's just see how it goes

ctooi

80 posts

Posted by ctooi > 2018-02-23 13:37 | Report Abuse

@leelc thanks

HuatRex

2,617 posts

Posted by HuatRex > 2018-02-23 13:43 | Report Abuse

1.25 by end month? Lol that will not happen

Andy88

581 posts

Posted by Andy88 > 2018-02-23 13:47 | Report Abuse

@huatrex are back, let u say up or down? Haha

Andy88

581 posts

Posted by Andy88 > 2018-02-23 15:21 | Report Abuse

Sell down please

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-23 15:25 | Report Abuse

马拉卡(MALAKOF,5264 ,主板贸服股)截至12月杪末季,净利按年惨跌52%至4372万4000令吉,营业额则起5%至17亿9337万4000令吉。

全年净利减13%至3亿995万1000令吉;营业额攀升17%,报71亿3044万令吉。

行家建议

我们预计,马拉卡下财年盈利会走弱,原因是Segari能源投资私人有限公司(SEV)容量付款减少的全年影响,抵消了较低的税率。

令人失望的是,丹绒宾能源私人有限公司(TBE)去年11月发生锅炉管泄漏问题,导致12月为了整顿工程而被迫停产,末季可用率和使用率,分别惨跌至46%和39%。

该公司在末季确认了一笔未透露款额,用于应付国家能源(TENAGA,5347,主板贸易服股)的罚款。

所幸,联号公司贡献强劲,按年激增370%。

之前,SEV电力协议获延长10年,而均化电费降低50至70%,使容量付款在本财年减少至4亿3900万令吉。TBE的贡献走低,也使净利减少7500万令吉。

纳入整顿工程较高的维修资本开销、营运资本及其他数据后,下调评级至“卖出”,及调低目标价。

能否维持TBE的稳定营运,是一个主要关注,因为它是主要收入和创造现金流的资产。

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-23 15:32 | Report Abuse

fair value only 82 sen I agreed lo
now if Malakof stop share buy back maybe lagi gg
but lucky Malakof sbb big volumn so support at 90sen

leelc99

871 posts

Posted by leelc99 > 2018-02-23 17:00 | Report Abuse

Andy88 @leelc The share unit is 5000M, u clearly know holding by who, expected noon will close in red
23/02/2018 11:36

What happened to "close in red" while it closed +0.01 :)

leelc99

871 posts

Posted by leelc99 > 2018-02-23 17:02 | Report Abuse

Share buy back is a powderful thing.

Posted by PaulieChong > 2018-02-23 17:42 | Report Abuse

they keep back everyday. maybe they are the one who push warrant volume as well.
if this counter reach 1.10 next two month, with c2 and c3, they will make some good profit. f.

luckypunting

1,930 posts

Posted by luckypunting > 2018-02-23 20:20 | Report Abuse

share buy back keep pushing it up?

ivan9511

3,854 posts

Posted by ivan9511 > 2018-02-24 04:04 | Report Abuse

Untill money finish will drop
Now sbb no use

cheoky

2,823 posts

Posted by cheoky > 2018-02-24 10:49 | Report Abuse

Stop using electricity, money will dry, sbb will stop then. If otherwise, buy la

Posted by weavefinder > 2018-02-24 12:49 | Report Abuse

1) This co did not lose money. In fact if you look at the revenues for many quarters, it is recurring constantly every Q, meaning come rain or come shine (pending no major earthquake, massive flooding, or agreement termination ...), there is always an uptake of this company's offerings. The recent Q revenue is 1.7 billion, with total revenue for 2017 at about 7 billion. Only thing is the NP is not up to expectations, which is about 302 million, PE 6.2. What is required is to primarily enhance cost efficiency and secure one or two projects in the near term. Just how many companies can generate about 7b revenue and 300 million plus earnings in bursa? Even YTL power is traded at PE 15, but by end 2018 it might be traded at PE 17 or 18. So what is fundamentally wrong with Malakoff if they are traded at PE 18 to be priced at between 115 -120 sen!
2) This is a large cap institutional stock with the IB as the market maker. Most of these institutions are still holding on to higher range prices. No problem for them to hold for the longer term. But the 6.2 sen total dividend becomes a sweetener for them to chase the stock becos the yield is about 6.9%, one of the highest dividend paying companies. Although if the price will go further down and the yield become higher, the stock averaging process becomes lower. And if the stock becomes lower, what happens to those pledged shares with the bank?
3) SBB: The co is not going to buy 500 million shares to keep. The statement of 10 % purchase is a standard clause. Notice that on Wednesday after results announcement only 8000 lots were traded, which many expected for the shares to be whacked down.. The SBB is good becos it has helped to mop up free float. Also noticed that the market maker did not allow the price to swing down much below than the SBB average purchase price which is now about 92 sen. Malakoff will release this treasury shares slowly but surely when the price goes up. They will not be buying 500 million shares for keeps. They are just functioning like another institutional player, but good thing is they sweep down the free float. Expect a more controlled play for this counter.
4) People can shout and instigate others to sell, but if they wanna buy from those that are in fear, I say go ahead. But make sure you yourself have the patience with this counter which is so institutionalised, being an elephant which is so bulky and cannot dance in the near term. If you wanna see action, might as well look elsewhere, as bursa has 3000 over counters. Good for those with holding power and storing it under the bed, wake up one morning and see it has grown by 30%. If you are a short term trader, you are wasting time with this counter.

This is talk 3 talk 4 session. I myself don't favor this co, but only giving my talk 3 talk 4, 2 sen worth of my perspective. If cannot understand, not my problem bro. If you wanna see fast pace action, take your money and go clubbing with the penny stock party where there is a lot of ass- buggers and blow-jobbers, Kah.kah.kah.....The devil's advocate.

HYG

1,484 posts

Posted by HYG > 2018-02-24 18:28 | Report Abuse

Will see Malakof price toward 1.00 slowly.

Orange88

4,181 posts

Posted by Orange88 > 2018-02-25 09:46 | Report Abuse

Orange88 LAST NITE JOE TAY TRIED TO SHAME ME 
ON REV ASIA 
SHE SUCCEEDED IN SHAMING HERSELF 

I POSTED BUY CALL - BULLISH- IN MY FIRST 20 POSTS OF REV ASIA 
THINKING REV CAN BE THE NEXT APPLE AND PATRICK GROVE THE NEXT STEVE JOBS 
REV MOVED FROM 40 TO 62 SEN+ 
I REALIZED THAT PATRICK GROVES I S TOTALLY INEPT (LIKE JOE TAY LAUGHS( 
SO I TURNED BEARISH ON REV ASIA 
GIVING IT A SELL CALL 
NOW REV 30 PLUS SEN 

NOW JOE TAY'S REPUTATION IS RUINED JUST LIKE PATRICK GROVE 
WHY ? 
SOLID PROVE THAT JOE TAY DOESNT REALOZE YOU CAN ACTUALLY SELL A STOCK AFTER BUYING IT ! 
SOLID PROOF THAT THERE IS BEARISHNESS AND BULLISHNESS IN A STOCK ! 

HYUK HYUK HYUK
25/02/2018 09:30
X


joetay as usual, orange88 is exposed as a fraud by the hard evidence provided. 

so now, she is barking like a mad dog with rabies.
24/02/2018 22:52
X

Orange88 Joe Tay yang mad dog 
My calls on Rev Asia very helpful read the next few posts ya
24/02/2018 23:07
X

Orange88 POST # 1 By So Poh Tay 

joetay as per usual, when orange88 is exposed, she tries all reasons to divert the topic. 

let me post some of ur postings and we will all know what u gave is not a trading buy. 


Orange88 
2531 posts  
Posted by Orange88 > Oct 1, 2017 11:11 AM | Report Abuse 

Going to breach 1.1 again 


Orange88 
2531 posts  
Posted by Orange88 > Oct 1, 2017 11:12 AM | Report Abuse 

Rev Asia is an investment in a lifetime. Just imagine Apple, Amazon all below USD 10 years ago...... 


Orange88 
2531 posts  
Posted by Orange88 > Oct 2, 2017 05:05 PM | Report Abuse 

Red Asia will make you millions 


Orange88 
2531 posts  
Posted by Orange88 > Oct 3, 2017 05:34 PM | Report Abuse 

Bought Red. 375, .435,.455,.48, .515 n today. 505. Average up. It's like collecting Google at USD 7-10 when everybody is still wearing diapers......
24/02/2018 23:08
X

Orange88 Post # 2 

Orange88 JoeTay wants to shame me ? 
THOSE WERE MY EARLIER POSTS 
I FAVORED KEY ASIA 

MY LATER POSTS BELOW 

AGAIN CORRECT AMENDED CALLS ON PATRICK GROVE AND REV 
CAUTIONING PEOPLE 
AND TELLING THEM TO GET THE HELL OUT OF REV WHEN REV HIT TRIPLE TOP AT 63 SEN 
NOW REV AT 30+ SEN\ 

I AM ORANGE 
SMARTER THAN PATRICK GROVE 
NOT INSANE NOR BLACK HEARTED LIKE JOE TAY (THANK GOD) 

ALL MY CALLS ARE QUITE ACCURATE 
HELP PEOPLE 
MY PEOPLE HEAR ME AND THEY ARE BETTER FOR OT 

MY SUBSEQUENT POSTS ON REV ASIA 

ALL AUTHENTIC INFORMATION REV ASIA ALL VERIFIABLE 


Orange88 Please consider offloading rev shares now cannot breach 58 sen a triple top 
12/10/2017 12:36 


Orange88 Sell off rev 
12/10/2017 12:37 

laitk What happened to "Stanley Leisure n Genting coming...." lol! 

@ Orange88 Oct 12, 2017 12:37 PM | Report Abuse 

Sell off rev 
12/10/2017 14:30 

Pc Tan why dropped so much....today is T+ WHAT???? 
12/10/2017 16:42 

laitk Today is T+Orange88 haha 
12/10/2017 16:50 


Orange88 See red already i wait for that pest lalat to go away i will reinvest, get ready for a market pullback.... N insect pest repellent please.... 
12/10/2017 17:01 


Orange88 Also sold down keyasics n smrt....... 
12/10/2017 17:01 


Orange88 Lalat will be very happy....... 
12/10/2017 17:02 




Orange88 Go over to dgb and kgroup for better profit... 
12/10/2017 18:59 

Larrytrader Lampa stock and ORANGE 
12/10/2017 19:19 



Orange88 Price come down for jack ma Then he sell to you high understand what food chain you are in..... 
12/10/2017 22:38 


Orange88 Watch christine tan managing asia interview with the great patrick grove on cnbc.......grove malaysia's jack ma, steve jobs.... 
13/10/2017 17:50 


Orange88 Patrick grove said hr is busy fundraising globally, wonder who he sold his 10 ml shares on Oct 6. Hmmm; 
13/10/2017 17:52 



kwai Provided there is good news, is Jack Ma going to invest in this company? doubt.. 
20/10/2017 16:11 


Orange88 Somebody please call up patrick grove... 
21/10/2017 00:11 
Orange88 Hope Patrick grove has not betrayed us And switch to Mlabs hahaha 
24/10/2017 00:09 

invincibledog this stock drop for few days also no rebound , who absorbing the ticket????? 
24/10/2017 16:20 

tengterence92 No ppl absorb , that why no rebound. keke ! Faster dump more make it 0.45 !! 
24/10/2017 16:42 

kwai how to bounce, any sign? 
24/10/2017 19:21 

Orange88 Patrick Grove has sold down from 60% to 50% now. Maybe he sold to jack ma, bill gates, black rock,,, 
27/10/2017 10:07 


Orange88 Hi guys Rev up 7% last 2 days because i am back. Waiting to welcome Jack Ma when he arrives at KLIA, sell my shares to him........................ 
27/10/2017 14:00

Orange88

4,181 posts

Posted by Orange88 > 2018-02-25 09:47 | Report Abuse

Orange88 I AM SURE NOW THAT WHILE I, ORANGE MADE TONS AT SELLING THE FOLLOWINGS AT A HIGH :- 

SAAG RM 10, UMW 15 EKRAN RM 4 PERISAI RM 2.5 NBT RM 4 PWE RM 100 

REPCO RM 40 KHONG GUAN RM 25 


JOE TAY IS STILL HOLDING ALL OF THE ABOVE SCRIPTS 

WHY SHE HASNT LEARNT THAT YOU CAN SELL (BEARISH) ON A STOCK AFTER BUYING 

ITS LIKE YOU CAN ONLY TURN RIGHT DRIVING A CAR, NO LEFT TURN 

HYUK HYUK HYUK 

WHO WANTS TO GO TO COURT WITH A LOUSY INVESTOR LIKE YOU JOE TAY ? 
WORTH NOTHING HOLDING ALL THOSE WORTHLESS SCRIPTS ABOVE 

HYUK HYUK HYUK

Orange88 Joe Tay is nearly like Patrick Grove 

Once upon a time Joe Tay (she alone) thought she was a wise stock analyst / picker 
NOW SHE KNOWS BETTER 

Once upon a time everybody though Patrick Grove was the greatest thing since sliced bread 
(Iflix RM 500 value, KL Internet City, Photo op with PM, Jack Ma) 
NOW EVEYBODY KNOW BETTER 

HOW DOES JOEY TAY AND EVERBODY KNOW 
ORANGE TOLD YOU, ORANGE TOLD YOU SO 
YOU KNOW EVERYTHING YOU NEED TO KNOW 
COS ORANGE TOLD YOU SO 

Where ? 
In i3 INVESTOR 
BETTER THaN BLOOMBERG, CNBC 

STAY TUNED 

JOE TAY 
i told you already 
i am tired of sparring with you 

You have to step up 
i had tougher debates .... 
IN PRIMARY THREE 

I TOLD YOU AGAIN REMEMBER THAT ONE TOO OK

HYG

1,484 posts

Posted by HYG > 2018-02-25 10:12 | Report Abuse

RHB target price and come out on 23 Feb 2018.


Log In

TOPICS GE14 | Year of the Dog | #DaretoCare | StandTogether | True or Not | Star Foundation | WOW
Malakoff 'buy', Malaysia Airports 'sell', MSM 'neutral'
ANALYST REPORTS
Friday, 23 Feb 2018
By Analyst Reports

MALAKOFF CORP BHD

By RHB Research

Buy

Target price: RM1.05

image: https://content.aimatch.com/default.gif

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Fatin_GSC_Insight_ALL,Eve_Tech_Telco,Eve_Property_Interested,BusinessSMG,Eve_Affluent_Audience,35plusA4,65plus,male,25to34,35to44,tsol,18to24,female,Eve_Business_Audience,55to64,Eve_Prog_Lifestyle,45to54,Eve_Prog_Business,Eve_Affluent_Property,all,Eve_Business_Jobseekers

MALAKOFF Corp Bhd’s 4Q17 core net profit came in at RM50.8mil, bringing FY17 earnings to RM319mil, which is below RHB Research’s expectations at 81% of its forecast, but within consensus estimates.

RHB said the main reasons for the negative surprise were the larger than-expected negative impact from the Segari power purchase agreement (PPA) which started in July 2017 and the unplanned outages at the Tanjung Bin Energy (TBE) in 4Q17, resulting in lower capacity payments.

Malakoff declared a second interim dividend of 3.7 sen per share, bringing to a full-year dividend of 6.2 sen a share share, which implied yield of 6.8%.

RHB pointed out that the payout implied a dividend payout ratio of 97.2%, significantly higher than its historical payout of 60%-75%.

Management indicated during its briefing that the group would pursue a higher dividend payout policy to provide more value to the shareholders.

RHB said that the unplanned outages in 4Q17 at TBE was due to boiler failure.

The group is still rectifying the issue and it expects to see normalised capacity payment from the second quarter once problems are solved.

All the major PPAs are still intact, and RHB expected capacity payments to be flat year-on-year and similar revenue levels in 2018 (other than Segari, whose PPA was revised lower).

RHB has reduced its forecast on Malakoff’s FY18 and FY19 earnings by 43% and 31% respectively to account for lower capacity payments from Segari and conservatively pricing in two outages at TBE in FY18.

However, dividend payout assumption rises to 90% from 60% previously, leading to yields estimate of 5.2% and 5.9% for FY18 and FY19. Despite the earnings cut, RHB liked Malakoff for its attractive dividend yield, low valuation following a major share price correction on the TBE outage and Segari PPA revision, as well as the recurring cash flow from its PPAs.

It maintained a “buy” call on Malakoff, but warned the key risks to its recommendation would be on further outages at TBE and higher losses from its joint ventures.


Read more at https://www.thestar.com.my/business/business-news/2018/02/23/analyst-reports/#cpoTBBTeIQTsW6HH.99

ChampionCw

489 posts

Posted by ChampionCw > 2018-02-25 11:25 | Report Abuse

joetay thats it for a boring sunday morning, orange88.

tomorrow i make fun of u and ur clones again, ok?????

remember to take ur medication, orange88.

lol...........
25/02/2018 11:13
X
ChampionCw Tommorrow

you go to ipoh train station jumpa kimmy tan
you idiot and coward

ok ? clone joe tay # no 11
25/02/2018 11:19

joetay

3,737 posts

Posted by joetay > 2018-02-25 11:27 | Report Abuse

and now i have driven orange88 and her many clones so mad that she has to go every sub-forums to do promotion.

pls do so and let everyone here see how mentally stable u r.

lol.............

Posted by weavefinder > 2018-02-25 14:45 | Report Abuse

Ayoyo, rather than both of you screw one another and exhibit your squabble in public, would be good if you all book into a hotel where both of you can pick whichever position best to screw one another. The problem sometimes is due to physilogical overdue and by being under duress to screw someone thereby creating turmoil to the hormone secretions in the body. To release these excess hormonal secretions, I encourage both of you to please go do it privately elsewhere. We want to promote public good, not private greed. How can you screw publicly but eat separately. Normally we eat together, but screw privately. Kah..Kah.. kah....

sasword

1,167 posts

Posted by sasword > 2018-02-26 11:11 | Report Abuse

Wan screw, then go screw the sohai gov and chicken gang.

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