Malakoff‘s job extension concern

Maybank IB Research said there are near/medium-term challenges with regard to concession expiries.

PETALING JAYA: Despite its encouraging first-quarter (1Q) earnings, Malakoff Corp Bhd’s prospects remain challenging over the medium term due to risks associated with concession expiries.

The independent power producer (IPP) is currently working on securing an extension of its concession for the Prai Power station in Penang, which is expiring this month.