I think this company is crony and should be very politcal?

Not at the moment..
Previously, they have secured IPP contracts with certain period (like 10 years /20 years) and they need to make money from it.

Anyways, I am from Oil and Gas so I know how is their sister company like. Definitely not crony company but recently, the salary has been paid late.

Among Tan Sri companies, few are profitable (including Malakoff and port company)

Recently, Malakoff did not make profits........

Malakoff Corp Bhd expects challenges to the overall performance for the financial year ending Dec 31, 2023 (FY23) given the declining trend in the global coal prices which is estimated to continue in the medium term of 2023.

Nonetheless, independent power producer said it would continue to to optimise its plants operational efficiencies to cushion the adverse impact.

Malakoff has been making steady headway in its solar business as the partner-of-choice and has been awarded new rooftop solar projects totalling 2.77MWp.

It has recently entered into a heads of agreement for three hydroelectric renewable energy plants namely Kemubu Small Hydropower Plant (SHP) of 29.0MW, Kuala Geris SHP of 25.0MW, and Serasa SHP of 30.0MW, all located in the District of Kuala Krai, Kelantan.

“The project will add a capacity of 84.0MW to the group’s renewable energy (RE) portfolio and is expected to provide the group with a steady income flow,” Malakoff said in a Bursa filing.

In the first quarter ended March 31, Malakoff posted a net loss of RM99.1mil against a net profit of RM27.5mil a year ago.

It posted a loss per share of 2.03 sen for the quarter from 0.56 sen last year.

https://www.thestar.com.my/business/busines...t-loss-for-1q23

All IPPs are kroni,

You can be successful no issue, but still krony