PETALING JAYA: Malakoff Corp Bhd
is entering a new phase of growth as it expands beyond conventional power generation into renewable energy (RE) projects that are expected to strengthen earnings over the coming years.
With several major developments advancing simultaneously, the utility group is positioning itself for a broader and more diversified generation portfolio.
TA Research remains optimistic on Malakoff following a recent site visit to the group’s small hydropower project in Dabong, Kelantan, maintaining its “buy” recommendation with an unchanged target price of RM1.26.
It said the market has yet to fully appreciate the value of the company’s RE pipeline.
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