Malakoff’s conundrum

Malakoff Corp Bhd would have to step up sourcing for new growth streams to bridge the gap in earnings.

PETALING JAYA: With some of its concession assets expiring in the near future, Malakoff Corp Bhd would have to step up sourcing for new growth streams to bridge the gap in earnings.

To be sure, earnings of the independent power producer (IPP) remain sound being sheltered by concession agreements. However, they have been declining on the back of capacity payment cuts.