RHB Research said all of Malakoff’s plants are still in operation during the movement control order (MCO) period. With that, the bulk of the capacity payments remain intact. Lower energy payments are expected on the lower capacity factor, but the earnings impact is rather minimal, as it is meant to cover variable operating costs and fuel costs.
KUALA LUMPUR: RHB Research Institute is keeping its “buy” call on independent power producer (IPP) Malakoff with a new discounted cashflow target price of RM1.09 compared with RM1.05 earlier.
The research house said yesterday Malakoff has exciting earnings growth and an estimated yield of about 6% for financial year 2020.
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