Malakoff to gain from increase in power capacity

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The story "Malakoff to gain from increase in power capacity" was covered 11 hours ago by The Star, a news publisher based in Malaysia.

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The Star 11h ago

Malakoff to gain from increase in power capacity - The Star

Quick Summary:

PETALING JAYA: Affin Hwang Investment Bank is optimistic about the prospects of Malakoff Corp Bhd, as it believes that Malaysia may need to boost its power generation capacity by 2030 to meet demand growth, replace retiring capacity and maintain an adequate reserve margin.

Reiterating its “buy” call on the counter, the research unit is raising Malakoff’s twelve-month target price to RM1.10 from 90 sen, after incorporating the potential value accretion from one new CCGT plant.

On top of that, the securities firm also pointed out that Malakoff has the technical expertise and funding capability to finance, design, build and operate a new CCGT plant, given its position as Peninsular Malaysia’s largest IPP.