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Malakoff s new growth areas include securing more RE, WTE plants bids
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REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide
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REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific
After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future.
The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.”
Meanwhile refineries in India have ramped up runs but are still running below pre-pandemic levels.
India’s Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said, confirming that the complex was still to attain pre-pandemic levels. For the first 10 months of the current fiscal year combined runs stood at 89.5%, compared with 101% in the April-January period the previous fiscal year, mainly a
REFINERY NEWS ROUNDUP: Maintenance and closures in focus in Asia-Pacific | Hellenic Shipping News Worldwide
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a significant chunk of the group’s earnings are recurring in nature with minimal counter party risk. This is because earnings from Malakoff’s power generation segment are governed under the Power Purchase Agreements (PPA).Malakoff (File pic: Malakoff s Tanjongbin coal fired power plant.)
KUALA LUMPUR: Despite a lacklustre performance by Malakoff Corp Bhd for the financial year 2020 (FY20), analysts are still holding out on the company due to its stable earnings prospects.
Kenanga Research described Malakoff’s Q4FY20 as disappointing with results missing forecasts and core profit tumbling 18% to RM41.6mil. The company’s total FY20 core profit came in at RM253.5mil, which was 26% and 25% below Kenanga’s and consensus estimates respectively.