Prospects remain dim for Malakoff

Power producer: CIMB Research says it continues to see a downside risk to Malakoff’s earnings due to potentially lower energy payments from Tanjung Bin Energy and if there is a decline in the utilisation rate of Tanjung Bin Power.

But valuations appear increasingly attractive after recent fall

Malakoff Corp Bhd shares may have rebounded from their lows in recent weeks, but meaningful gains for the counter will likely be capped over the medium term by the company’s lacklustre growth prospects.