PublicInvest Research was positive on Malakoff's proposed disposal of its entire 50% stake in Australia’s Macarthur Wind Farm
KUALA LUMPUR: Public Investment Bank Research is retaining its trading buy call on Malakoff with an unchanged target price of RM1.02.
The research house said on Wednesday it was positive on the company’s proposed disposal of its entire 50% stake in Australia’s Macarthur Wind Farm (Macarthur WF) for a cash consideration of A$356.8mil (RM1bil) to Megawatt Financing Pty Ltd and AMPCI Macarthur Wind (T) Pty Ltd, the trustee of AMPCI Macarthur Wind Trust.
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