Valuation 2.49
Malakoff Corporation Bhd, Malakof 5264
Malakoff Corporation Bhd, Malakof 5264
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Feb 19 2015, 09:13 PM
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#1
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Junior Member
459 posts Joined: Sep 2013 |
Valuation 2.49
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Mar 16 2015, 10:13 AM
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#2
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Junior Member
459 posts Joined: Sep 2013 |
revised...raised only usd740mil. approximate priced at 1.7746 to 1.80 calculated. valuation 1.9452 calculated.
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Apr 2 2015, 07:17 AM
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#3
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Junior Member
459 posts Joined: Sep 2013 |
Listing 15/5/2015
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Apr 2 2015, 01:47 PM
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#4
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Junior Member
459 posts Joined: Sep 2013 |
Result miti...just released.
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Apr 5 2015, 07:00 PM
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#5
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Junior Member
459 posts Joined: Sep 2013 |
Final payment for miti is 20/4. Should be also around that date prospectus
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Apr 14 2015, 03:21 PM
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#6
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Junior Member
459 posts Joined: Sep 2013 |
QUOTE(fyda74 @ Apr 14 2015, 03:01 PM) Just complete my payment too fyda....u TT to cimb investment bank number 1554030066 kan? tqIs it TT Remittance No is something look like: 144XXXXT000XXX ? First time to TT via RENTAS by using Maybank to CIMB Investment Bank. Too many Number shown at the Receipt. Not too sure which refer to TT Remittance No T_T Thanks whoever experience to teach me. Thanks again |
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Apr 14 2015, 03:30 PM
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#7
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Junior Member
459 posts Joined: Sep 2013 |
QUOTE(fyda74 @ Apr 14 2015, 03:24 PM) Yup. Correct no worry. u may just give the original TT receipt to cimb Tropicana. they do their job. and don't forget to make a copy for yours.I got remark my name as what they advice. "eg. MALAKOFF A/C ALI BIN AHMAD – 621112142212" I just not too sure which number refer to TT Remittance No from the receipt First time do RENTAS in my life |
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Apr 16 2015, 04:51 PM
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#8
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Junior Member
459 posts Joined: Sep 2013 |
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Apr 16 2015, 04:52 PM
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#9
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Junior Member
459 posts Joined: Sep 2013 |
prospectus launch at hotel istana...grand ballroom...9am....17/4...confirm.
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Apr 19 2015, 01:04 PM
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#10
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Junior Member
459 posts Joined: Sep 2013 |
Baguss lorrr mostly retailers not applying. So get more chances to get units on balotting...yahoooo
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Apr 20 2015, 10:26 AM
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#11
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Junior Member
459 posts Joined: Sep 2013 |
Malakoff will be included in 30 stocks ftse bursa index..replacing current laggard stock. so...those who get miti or coming balloting....view it long term investment. very good stock. don't compared Malakoff with fgv. energy business and plantation business is totally different entity. we use energy every seconds.
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Apr 20 2015, 04:45 PM
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#12
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Junior Member
459 posts Joined: Sep 2013 |
I hv insider. U dont profit....not my prob..
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Apr 29 2015, 07:14 AM
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#13
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Junior Member
459 posts Joined: Sep 2013 |
14x oversubsribed by institutional!!!!!
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Apr 29 2015, 07:15 AM
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#14
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Junior Member
459 posts Joined: Sep 2013 |
i expect tomorrow oversub by retailers 7x<
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May 1 2015, 08:17 AM
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#15
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Junior Member
459 posts Joined: Sep 2013 |
I applied for gw plastic (mct) miti where as most people ignored because it is property. I saw the potential and i did my own research. Well....sold on 1st day..average 1.375...500k units. As for malakoff....it is good co...no worry. I got miti....and also public portion as well cuz my chances is 100%. Bioalpha did well....mct did well also. As for malakoff....at least we shall see premium here. Remember....12 cornerstones & 13x oversub! Good luck all. TripleA+....good luck to u too.
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May 3 2015, 08:40 PM
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#16
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Junior Member
459 posts Joined: Sep 2013 |
hhhmmm....heard 1.80 is no good price. what the heck laaa...
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May 5 2015, 01:03 PM
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#17
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Junior Member
459 posts Joined: Sep 2013 |
QUOTE(fyda74 @ May 5 2015, 09:49 AM) Find it do u hv the link fyda? tqMalakoff is the largest independent power producer (IPP) in Malaysia and Southeast Asia in terms of total generation capacity. Internationally, the Group has presence in Saudi Arabia, Algeria, Bahrain and Oman for power generation and water production, and in Australia for renewable energy. In total, the Group has an effective power generation capacity of 6,036MW (including 210MW renewable energy) and effective water production capacity of 358,850m3/day. We expect the upcoming 1,000MW coal-fired Tanjung Bin Energy Power Plant, which is scheduled to commence operations on 1 March 2016 to boost the Group’s earnings in FY16 and FY17. Reliable cash flow business model, supported by long term power purchase agreement (PPA). The Group’s business model is based on contractual operating framework whereby it will receive capacity payments irrespective whether any electricity is generated by its power plants pursuant to its PPAs. We like Malakoff’s IPP business model as it provides the Group with sustainable and consistent income streams throughout the concession period. In addition, the weighted average remaining PPA period of about 13 years would translate into secured income to the Group for more than a decade going forward. Higher revenue and net profit in FY16 and FY17. We expect capacity payments from its new coal-fired power plant, Tanjung Bin Energy which is scheduled to commence operations on 1 March 2016 to boost the Group’s earnings by 47% and 29% for FY16 and FY17. 70% payout dividend policy. Beginning 1 January 2015, Malakoff has introduced a dividend policy with a dividend payout ratio of not less than 70% of its consolidated net profit. Based on a 70% payout ratio assumption, we estimate its dividend yield to be 3.1%, 4.6% and 5.9% for FY15, FY16 and FY17 respectively. Key risks. (i) Operational plant issues and fuel supply disruptions which could reduce electricity generation or in serious cases could lead to unscheduled outages and negatively affect the Group’s revenue, (ii) failure to obtain current PPAs renewal or extension, (iii) unable to secure new PPAs to replenish expiring PPAs, and (iv) delay in Tanjung Bin Energy’s commencement of operations Fair value of RM2.18 based on DCF valuation. We derive our fair value of RM2.18 for Malakoff using a discounted cash flow (DCF) valuation. At our fair value, it translates to FY16F P/E of 15.3x and EV/EBITDA of 7.5x. Key catalysts would be securing new projects for power and water generation plants, renewal or extension for its expiring PPAs and additional capacity in renewable energy. |
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May 5 2015, 03:13 PM
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#18
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Junior Member
459 posts Joined: Sep 2013 |
QUOTE(fyda74 @ May 5 2015, 02:50 PM) tq puan sri fyda |
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May 5 2015, 09:22 PM
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#19
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Junior Member
459 posts Joined: Sep 2013 |
Mbb2u...out! Mine...kena. good luck all.
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May 6 2015, 07:26 PM
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#20
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Junior Member
459 posts Joined: Sep 2013 |
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