PETALING JAYA: Malakoff Corp Bhd’s first-quarter results have drawn mixed reactions from analysts, with at least one research house downgrading its rating on the independent power producer (IPP).
Affin Hwang Capital Research, CIMB Research and UOB-Kay Hian Research said Malakoff’s results were below expectations, while PublicInvest Research and Kenanga Research said they were in line with expectations.
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