Lower dividends could signal a shift for Malakoff

Malakoff currently has significant coal exposure. Revenue from its two coal plants –Tanjung Bin Power(pic) and Tanjung Bin Energy – accounts for over 60% of group revenue.

KUALA LUMPUR: Malakoff Corp Bhd’s lower dividend payout could signal a shift in focus amidst a changing landscape in the power industry.

Last month, Malakoff declared a final dividend of 2.3 sen, bringing its financial year 2020 (FY20) total dividend per share to 5.1 sen. This represents a payout of 87%.