PETALING JAYA: Independent power producer Malakoff Corp Bhd is expected to return to the black in the first quarter of financial year 2024 (1Q24) on the back of improvement in negative fuel margins, according to TA Research.
KUALA LUMPUR: Malakoff Corp Bhd reported a net loss of RM884.36 million in the financial year ended Dec 31, 2023 (FY2023) from a net profit of RM255 million posted a year ago.
The power sector in is expected to see a proliferation of solar projects this year, as households and companies seek to lower their electricity bill and reduce carbon footprint.
KUALA LUMPUR: Stocks in focus on Wednesday include Bermaz Auto, CapitaLand, SCIB, Unitrade, CI, Malakoff, Kinergy, Sarawak Cable, Yinson and Barakah, said Apex Securities Research.
KUALA LUMPUR: Stocks in focus on Wednesday include Dialog, LBS Bina, TMC, Ranhill Utilities, Reservoir Link, Matrix, JF Technology, IHH, Malakoff, Gas Malaysia and K Seng Seng, said Apex Research.