More power to Malakoff’s earnings

PETALING JAYA: Malakoff Corp Bhd’s venture into the proposed development of three hydropower plants in Kelantan will have a significant positive impact on the independent power producer’s earnings, according to RHB Research.

The assets could add an average of RM30mil to RM35mil in profit after tax and minority interest (Patami) per year for Malakoff. This would value the project at two sen per share, it said.