Malakoff Corp Bhd has had a weak first quarter start, but a better financial year 2021 (FY21) can be seen for the group.
PETALING JAYA: Malakoff Corp Bhd has had a weak first quarter start, but a better financial year 2021 (FY21) can be seen for the group, given that last year’s earnings were hit by forced outages.
The earnings profile of the independent power producer has also improved from profit contribution from Alam Flora Sdn Bhd, which is mainly in the business of waste management and is involved in sanitisation and disinfection services.
Coupled with its additional stake in Saudi Arabia’s Shuaibah independent water and power plant project, forward earnings and dividends are looking more sustainable, said analysts.
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