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PETALING JAYA: With the government’s push towards renewable energy, large power generation companies, including Tenaga Nasional Bhd (TNB), would be affected as they face increasing risk of capacity replacement.
KUALA LUMPUR: Malakoff Corporation Bhd reported its net profit in the second quarter ended June 30 had jumped by 101% to RM104.95mil, boosted by increased earnings from Tanjung Bin Energy Sdn Bhd (TBE) and contribution from Alam Flora Sdn Bhd.
KUALA LUMPUR: Malakoff Corp Bhd’s (Malakoff) net profit jumped 101% to RM104.95mil in the second quarter ended June 30 from RM52.25mil a year ago mainly driven by higher contribution from its newly acquired subsidiary, Alam Flora Sdn Bhd as well as Tanjung Bin Energy Sdn Bhd (TBE)
KUALA LUMPUR: Cypark Resources Bhd said its results in the third quarter ended July 31 were affected by the movement control order (MCO), but said work at its large-scale solar (LSS) project has resumed and is expected to be completed early next year.
PETALING JAYA: Malakoff Corp Bhd is looking for more renewable energy (RE) projects in line with its strategy to focus on the fast-growing sector, starting with taking part in the fourth cycle of large-scale solar (LSS4) and Johor’s waste-to-energy (WTE) power plants bids this year.
Firm gets tender invites to bid for overseas and domestic jobs
KUALA LUMPUR: RHB Research has kept its "buy" recommendation on Solarvest Bhd despite the expiry of the tax exemption for its subsidiaries and the stock's current high valuation compared to its peers.
PETALING JAYA: With a shift towards renewables, the demand for solar energy is growing to the benefit of companies such as Solarvest Bhd.
KUALA LUMPUR: AmInvestment Research has started coverage of Kumpulan Powernet (KPower) with a Buy call and a fair value of RM4.16 a share based on 15 times FY21F earnings per share (EPS).