Rebound in Malakoff earnings likely

PETALING JAYA: Malakoff Corp Bhd’s earnings in 2024 and 2025 are expected to rebound with some room for recovery in dividends and better cash flows, says CGS-CIMB Research.

This was despite the group’s disappointing earnings delivery this year, reporting significant losses in the nine months of 2023 mainly due to the negative fuel margin arising from the mismatch between the calculations of energy payments and fuel costs.