No further coal-price shocks for Malakoff

PETALING JAYA: With coal prices having stabilised, the fuel margin shocks that impacted Malakoff Corp Bhd’s bottomline in the first half of financial year 2023 (1H23) are unlikely to recur, says Kenanga Research.

Another factor that bodes well for the independent power producer is the normalisation of its coal stockpile to only one month of consumption, which is the minimum required under a power purchase agreement (PPA).