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Malakoff predicted to return to profitability in 1Q

PETALING JAYA: Independent power producer Malakoff Corp Bhd is expected to return to the black in the first quarter of financial year 2024 (1Q24) on the back of improvement in negative fuel margins, according to TA Research.

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Malakoff posts RM884.36mil net loss for FY23

KUALA LUMPUR: Malakoff Corp Bhd reported a net loss of RM884.36 million in the financial year ended Dec 31, 2023 (FY2023) from a net profit of RM255 million posted a year ago.

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Solar panels poised to be sunrise industry of 2024

The power sector in is expected to see a proliferation of solar projects this year, as households and companies seek to lower their electricity bill and reduce carbon footprint.

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Trading ideas: Bermaz Auto, CapitaLand, SCIB, Unitrade, CI, Malakoff, Kinergy, Sarawak Cable, Yinson and Barakah

KUALA LUMPUR: Stocks in focus on Wednesday include Bermaz Auto, CapitaLand, SCIB, Unitrade, CI, Malakoff, Kinergy, Sarawak Cable, Yinson and Barakah, said Apex Securities Research.

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Trading ideas: Dialog, LBS Bina, TMC, Ranhill Utilities, Reservoir Link, Matrix, JF Technology, IHH, Mlakoff, Gas Malaysia and K Seng Seng

KUALA LUMPUR: Stocks in focus on Wednesday include Dialog, LBS Bina, TMC, Ranhill Utilities, Reservoir Link, Matrix, JF Technology, IHH, Malakoff, Gas Malaysia and K Seng Seng, said Apex Research.

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Structural growth intact for sector

The establishment of a single market aggregator and an energy exchange is to facilitate price discovery and ensure a just and equitable energy transition.

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Malakoff eyes expansion

Malakoff Corp Bhd plans to increase its market share by seeking opportunities to expand its portfolio of rooftop solar, grow in terms of large-scale solar (LSS) projects and engage in potential mergers and acquisitions (M&As), says managing director and chief executive officer Anwar Syahrin Abdul Ajib.

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Budget enhances power outlook

The prospects for the utilities sector have been further enhanced by the slew of measures introduced under Budget 2024 to support energy transition in the country.

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TNB-Malakoff JV resolves tax dispute

PETALING JAYA: Tenaga Nasional Bhd (TNB) and Malakoff Corp Bhd stated its joint venture Kapar Energy Ventures Sdn Bhd (KEV) has withdrawn the judicial review application pursuant to an out-of-court settlement with the Inland Revenue Board of Malaysia (IRB).

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