Latest news with #RM40
Malaysian Reserve
14 hours ago
- Business
- Malaysian Reserve
CGS International maintains bullish view on Malakoff ahead of tenders
CGS International Securities Malaysia Sdn Bhd remains positive on Malakoff Corporation Bhd, citing its strong position to secure upcoming Energy Commission tenders amid rising power demand and the urgent need to ensure supply stability and reserve margins. The brokerage stated that its outlook is underpinned by Malakoff's established track record in thermal plant development and operations, supported by its ready-to-deploy plans, sites, and assets. 'We estimate the plant extensions could generate at least RM40 million in annual net profit from 2026,' it said in a research note. 'This will be further supported by the RM950 million mini-hydro project and the RM660 million waste-to-energy (WTE) plant, which we forecast could contribute a combined RM35 million in net profit annually.' CGS International said a potential win for a 1.4 gigawatt greenfield gas plant could add at least RM200 million in recurring annual net profit and RM1 billion in equity value, equivalent to 20 sen per share, based on its back-of-the-envelope calculations. Together, these projects offer strong earnings visibility, backed by long-term power purchase agreements (PPAs) and concessions. While Malakoff's share price has rebounded from its recent lows, the firm sees further upside potential, driven by a pipeline of unpriced assets, including the mini-hydro and WTE plants, its stake in E-Idaman, and potential PPA extensions for the GB3, Prai Power, and Segari plants. 'We also see Malakoff as a strong contender for new gas-fired plant contracts,' it said. On May 10, 2025, the Energy Commission called for proposals for new gas-fired generation capacity in Peninsular Malaysia through competitive bidding, comprising two categories: (1) an expansion of existing plants and (2) development of new plants. Malakoff has submitted bids to extend the PPAs for three of its gas plants, GB3 640 megawatts (MW), Prai Power (350 MW), and Segari (1,303 MW), through to 2029, and plans to participate in bids under Category 2. CGS International maintained its 'Add' recommendation on Malakoff with a target price of RM1.20 per share, based on a conservative assumption of just one joint venture win. — BERNAMA
Barnama
14 hours ago
- Business
- Barnama
CGS International Maintains Bullish View On Malakoff Ahead Of Tenders
REGION - CENTRAL > NEWS KUALA LUMPUR, July 25 (Bernama) -- CGS International Securities Malaysia Sdn Bhd remains positive on Malakoff Corporation Bhd, citing its strong position to secure upcoming Energy Commission tenders amid rising power demand and the urgent need to ensure supply stability and reserve margins. The brokerage stated that its outlook is underpinned by Malakoff's established track record in thermal plant development and operations, supported by its ready-to-deploy plans, sites, and assets. 'We estimate the plant extensions could generate at least RM40 million in annual net profit from 2026,' it said in a research note. bootstrap slideshow 'This will be further supported by the RM950 million mini-hydro project and the RM660 million waste-to-energy (WTE) plant, which we forecast could contribute a combined RM35 million in net profit annually.' CGS International said a potential win for a 1.4 gigawatt greenfield gas plant could add at least RM200 million in recurring annual net profit and RM1 billion in equity value, equivalent to 20 sen per share, based on its back-of-the-envelope calculations. Together, these projects offer strong earnings visibility, backed by long-term power purchase agreements (PPAs) and concessions. While Malakoff's share price has rebounded from its recent lows, the firm sees further upside potential, driven by a pipeline of unpriced assets, including the mini-hydro and WTE plants, its stake in E-Idaman, and potential PPA extensions for the GB3, Prai Power, and Segari plants. 'We also see Malakoff as a strong contender for new gas-fired plant contracts,' it said. On May 10, 2025, the Energy Commission called for proposals for new gas-fired generation capacity in Peninsular Malaysia through competitive bidding, comprising two categories: (1) an expansion of existing plants and (2) development of new plants.
Daily Express
14 hours ago
- Business
- Daily Express
Kiulu and Tamparuli projects not priority according to State EPU, says Ministry
Published on: Friday, July 25, 2025 Published on: Fri, Jul 25, 2025 Text Size: Madius requested clarification from the Minister of Rural and Regional Development (KKDW) regarding the progress of the Mantob-Gonipis-Tobobon and Tudan-Poring-Tobobon road projects in Kiulu, as well as the Wangkod-Tinuhan and Guakon Baru road projects in Tamparuli. Kuala Lumpur: The Member of Parliament for Tuaran, Datuk Seri Panglima Wilfred Madius Tangau, raised questions regarding the current status of several road upgrade projects in the Kiulu and Tamparuli, Sabah, during the question and answer session at the Dewan Rakyat on Tuesday. He requested clarification from the Minister of Rural and Regional Development (KKDW) regarding the progress of the Mantob-Gonipis-Tobobon and Tudan-Poring-Tobobon road projects in Kiulu, as well as the Wangkod-Tinuhan and Guakon Baru road projects in Tamparuli. In an official response, the Ministry stated that the Mantob-Gonipis-Tebobon Road Project (Phase 2), which was approved in 2020 with a cost of RM40 million, is currently under construction and is expected to be completed by 2026. For the year 2025, a total allocation of RM4.4 million has been provided, of which RM3.9 million has already been spent. However, delays have occurred due to the ongoing land acquisition process, which has yet to be completed, as well as weather-related disruptions caused by rainfall affecting construction work. 'The application for an Extension of Time (EOT) is currently being processed,' the ministry further stated. Meanwhile, KKDW also stated that the Tudan-Poring-Tebobon Road Project was approved in 2021 with an allocation of RM47 million. The six-kilometre-long project is currently at the initial stage of construction, progressing according to schedule, and is expected to be fully completed by 2027. However, the two other projects that were raised which is the upgrading of the Topokon-Wangkod-Tinuhan Road and the Guakon Baru Road in Tamparuli — were not approved by the Ministry of Economy under the Third Rolling Plan (RP3) of the 12th Malaysia Plan for the year 2023. 'These projects are also not listed as priorities by the Sabah State Economic Planning Unit (Upen) in their upcoming development plan applications,' KKDW clarified. Madius said in a statement that he's disappointed with the delays and uncertainty around some key rural infrastructure projects in his area. 'These projects are not only vital for the well-being of rural communities but also crucial for stimulating the local economy. I urge the Ministry and the relevant agencies to promptly resolve the technical issues and to advocate for the approval of the projects that were rejected,' he emphasised. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
17 hours ago
- Daily Express
Schoolgirls arrested for allegedly stealing RM40,000
Published on: Friday, July 25, 2025 Published on: Fri, Jul 25, 2025 By: Amir Anuar Text Size: TAWAU: Two schoolgirls were arrested here last Tuesday for allegedly stealing around RM40,000 in cash belonging to their grandfather, which had been hidden under his bed. The theft was discovered by the victim after checking his savings, which were supposed to total RM60,000 but were found to be significantly less, raising suspicion of theft. Tawau District Police Chief ACP Jasmin Hussin said the victim suspected that the incident was linked to his two granddaughters, aged 15 and 13. 'The victim informed his son about the suspicious matter and the son later reported the case to the police,' he said, Thursday. Jasmin said the 43-year-old complainant, who is also the uncle of the two suspects, went to Bombalai police station on the same day the incident occurred. The missing money was discovered by the complainant's father when checking his savings. The theft is believed to have occurred around 7am. 'Further inspection around the victim's residence in Kampung Durian Merotai Besar found no other valuables reported missing. 'The police then arrested both suspects at 4.45pm in front of the District Criminal Investigation Division Office on the same day the complaint was made,' he said. The case is being investigated under Section 380 of the Penal Code for theft in a building used as a residence or a place to store valuables. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
18 hours ago
- Business
- The Sun
Anwar hits back at critics of RM100 cash aid
PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim has hit back at critics of the RM100 cash aid under the Sumbangan Asas Rahmah scheme, urging Malaysians to see it through the eyes of struggling households that depend on every ringgit to get by. 'Some might say, 'it is just RM100'. If you earn RM20,000 or RM40,000 a month, of course it seems minor. 'I've seen first-hand how much it matters in rural areas,' said Anwar, who is also the finance minister, during the Finance Ministry's monthly assembly yesterday. He pointed out that the RM100 is part of a wider, phased financial support framework. For a household comprising a married couple and two adult children, total assistance is RM400, and when combined with Sumbangan Tunai Rahmah payments, the figure could rise to RM700. 'The main issue isn't how much we allocate, it's how well we manage it. We must end the culture of boros (extravagance) and sakau (misappropriation).' Responding to a criticism from the Opposition on the policy to stop subsidies for foreigners, Anwar didn't hold back. 'We've been clear that foreigners will have to pay market prices. That's our policy. But then opposition leader (Datuk Seri Hamzah Zainudin) questioned why we are burdening them. I find that baffling. What do you expect us to do? 'He's free to criticise me. I don't mind. But it's strange how, in Malaysia, some people act as if we're oppressing others or taking away their rights. This isn't about taxing them, it's about subsidies. 'We're not imposing fuel taxes. We are simply removing the 50 sen per litre subsidy we've been providing. And only for foreigners, not Malaysians. In their own countries – Singapore, Thailand, Indonesia – fuel prices are already over RM2.50 per litre. 'We're merely aligning with global market norms. Yet even that becomes a point of contention.' Anwar said the government remains committed to targeted subsidies, especially for the B40 group, and is now extending benefits to the M40 group as well, through initiatives such as reduced toll rates and lower fuel prices. He highlighted the recent deferral of toll hikes on 10 major highways and the planned reduction of RON95 fuel to RM1.99 per litre. 'M40 families that drive more and use toll roads more often will feel the difference. These aren't short-term populist handouts. They are deliberate, meaningful steps forward.' 'These measures – RM100 cash aid, toll deferments and fuel price cuts – won't fix everything overnight. But they show our commitment to responsible, people-first governance, rolled out in time for Merdeka and Malaysia Day.'
