Latest news with #RM660

Malaysian Reserve

5 days 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

5 days 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.

Lucky Magic (NZ) Sparkles In Selangor Mile

Scoop

21-07-2025

Sport
Scoop

Lucky Magic (NZ) Sparkles In Selangor Mile

Karaka graduate Lucky Magic (NZ) (Mendelssohn) secured a place in Malaysian racing history on Sunday with a triumph in the inaugural RM$1m Selangor Mile (1600m). The winner's share of that seven-figure prize lifted Lucky Magic past RM660,000 in prize-money – the equivalent of more than NZ$260,000. He was a $35,000 purchase from Prima Park's Karaka 2022 draft, and was later knocked down for $75,000 when prepared in Prima Park's 2022 Ready to Run Sale draft. Lucky Magic has been a star on the rise in recent months, winning seven of his last nine starts leading into the Selangor Mile, and it was all part of a long-range plan to peak on the day of Malaysia's mega-rich feature for four-year-olds. 'I always knew Lucky Magic could win the Selangor Mile,' trainer HY Cheng said. 'I promised the owner the win and I am just so happy my expectation is proven correct. He will win many Cups, for sure.' Lucky Magic was ridden by Ridzuan Shafiq and took up a handy position in fifth, one off the rail. Shafiq angled him into clear air at the top of the straight and pushed the button. A brilliant turn of foot soon carried Lucky Magic into a clear lead at the 200-metre mark, and he found more in the final stages of the race to turn back a late challenge from Good Star (Shalaa) and win by a neck. 'I have ridden him five times this year and he is better than ever,' Shafiq said. 'He is a fighter. Just when Good Star got to us, he fought back. He is now more mature and learning to relax in his races.' Lucky Magic has now had a total of 13 starts for eight wins and two placings. Sunday's third placegetter Antipodean (NZ) (Derryn) is also a Karaka graduate, having been bought by trainer Simon Dunderdale for $23,000 from the 2022 Ready to Run Sale. His 17-start career has produced 10 wins, six placings and more than RM450,000 (NZ$177,000). The 2025 edition of the Ready to Run Sale will take place at the Karaka Sales Centre on Thursday 13 & Friday 14 November with Breeze Ups to be held at Te Rapa Racecourse on Monday 13 & Tuesday 14 October. Entries for the Sale are open now and close at 5pm on Friday 1 August. To nominate your rising two-year-olds for the 2025 Ready to Run Sale, visit NZB's online portal at

Tiong channels RM2.2 mln to Sibu groups, stresses accountability and real impact

Borneo Post

17-07-2025

Politics
Borneo Post

Tiong channels RM2.2 mln to Sibu groups, stresses accountability and real impact

The Malaysian Red Crescent Society Sibu chairman, Penghulu Chua Hiong Kee (eighth left), receives a cheque from Ting, while Teo (fourth right) and others look on. – Photo by Peter Boon SIBU (July 17): A total of RM2.2 million in federal allocations was distributed to 152 recipients here today, with Tourism, Arts and Culture Minister, Dato Sri Tiong King Sing, underscoring the need for accountability and meaningful use of public funds. Of the total, RM1.55 million was disbursed to 137 recipients under the Special Project Allocation (PPK), while another RM660,000 went to 15 recipients under the Special Allocation by Minister (PKM). Tiong, who is also Bintulu MP and Dudong assemblyman, was represented by his special duties officer Agatha Ting during the cheque presentation ceremony held at the United Chinese Association (UCA) Sibu hall. In delivering his speech through Ting, Tiong reminded all recipients that public funds must not be wasted or used for personal gain. 'I hope these funds will be used properly and not just for the sake of spending, but to truly benefit the community. 'Every sen must go for something meaningful, not wasted or personal advantages,' he said. He added that recipients are required to submit a full report on how the funds are used as a condition for any future support. 'So you must submit your report. If there's no report, how can you get another round of support? 'I want to help, but you must also do your part. Be accountable. Only then I can continue to justify giving more funding to support your organisations,' he said. Aside from the cheque allocations, five laptops and printers were presented to longhouse residents, along with 10 hampers for local youth members. Also in attendance were Progressive Democratic Party (PDP) Dudong Division chairman Datuk Teo Boon Siew and PDP Pelawan chairman Datuk Lau Cheng Kiong. funds Sibu Tiong King Sing

[Watch] This Grab Rider Bought A RM1.4 Million Villa By Delivering Your Lunch

Rakyat Post

02-07-2025

Business
Rakyat Post

[Watch] This Grab Rider Bought A RM1.4 Million Villa By Delivering Your Lunch

Subscribe to our FREE Forget everything you think you know about gig work. While most people are complaining about the hustle economy, Afiq Zayany is living in a two-story golf villa that costs more than most people's retirement funds. This isn't some crypto bro success story or influencer BS. This is a guy who wakes up every morning, hops on his bike, and delivers food for a living. The twist? He's cracked the code on making it actually work. The Numbers Don't Lie Here's the math that'll make your office job feel questionable: Afiq pulls in around S$200 (RM660) daily by completing 25 deliveries in 6-7 hours. Do that consistently, and you're looking at S$6,000 to S$7,000 monthly. That's RM20,000+ for those keeping score at home. But here's where it gets interesting—he's not even living where he works. Every single day, this man crosses the border from his Johor Bahru mansion to hustle in Singapore's streets. Why? Because RM1.4 million gets you a villa with a three-car garage in JB, while the same money in Singapore might 'buy you a decent parking spot'. The Reality Check Don't get it twisted—this isn't some easy-money fairy tale. Afiq's putting in serious miles, sometimes over 250 kilometers daily. Rain or shine, traffic or no traffic, he's out there grinding while most of us are complaining about walking to the coffee machine. The guy's basically running a one-man logistics operation, and he's brutally honest about it. It's either scorching hot or you'll get drenched in the rain. On top of that, you need to be alert all the time. It's a huge risk riders or drivers are taking by being on the road 7 hours a day. For some, even longer hours. The Human Moments Between the hustle and the numbers, there are those random acts of kindness that keep him going. Customers leaving drinks and snacks at their doors for riders. Small gestures that remind you there's still some humanity left in this gig economy madness. Afiq's success isn't about some secret hack or get-rich-quick scheme-it's about discipline, clear goals, and the willingness to turn what most people see as temporary work into something sustainable. He's proof that if you're going to play the gig game, you better play it like you mean it. Sure, there's no corporate ladder to climb and the risks are real, but when your 'office' has three parking spaces and a golf course view, maybe that traditional career path isn't the only way to win. READ MORE : READ MORE : READ MORE : Parts of this story have been sourced from Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.