【MALAKOF 5264 交流专区】马拉卡

icy97

有望攫发电厂合约．马拉科夫估值加强

（吉隆坡5日讯）由于重量级4B发电厂可能展延，分析员不排除马拉科夫（MALAKOF，5264，主板贸服组）有机会再下一城，夺得新发电厂合约。

大华继显表示，如果马拉科夫获得能源委员会颁给新发电厂，将有利于加强其估值。

该行指出，万一柔佛苏丹属下SIPP能源负责的2000兆瓦4B发电厂展延，马拉科夫就有机会脱颖而出。

“根据我们的观察，该公司的丹绒宾工地仍有建造1000兆瓦发电厂的空间。”

该行认为，马拉科夫业务展望平平，由于估计联号公司转亏为盈进展缓慢，该行保持2016和2017财政年的净利预测4亿2700万令吉和4亿4700万令吉，净周息率预测则是4.1%和4.3%。

“建筑成本高达67亿令吉的丹绒宾发电厂，已于今年3月竣工，预期该公司现财政年资本开销将降至9亿令吉，低于2014和2015财政年的16亿令吉和14亿令吉。”

目前，丹绒宾发电厂为配合提高煤炭燃料比重，而斥资4800万令吉展开升级工程，预期24个月内完工。此外，马拉科夫也计划拨出3亿令吉加强运煤码头，以将常年产能从900万吨提高到1100万吨。

3亿加强运煤码头
年产能提高至1100万吨

该行指出，鉴于丹绒宾发电厂需要经历两年调整期，预期该发电厂继6月意外停运后，现财政年第三季也可能再次中断发电。

不过，该行补充，只要丹绒宾发电厂的非计划停运率（UOR）低于合约规定的6%，就不会影响该公司向国家能源（TENAGA，5347，主板贸服组）收取的费用。

在缺少新利好之下，大华继显保持马拉科夫的“持有”评级和1令吉80仙目标价。

文章来源：
星洲日报‧财经‧报道：王宝钦‧2016.10.05

哭哭鸟

马拉卡Q3净利挫67%
2016年11月22日
http://www.enanyang.my/news/20161122/马拉卡q3净利挫67/

（吉隆坡21日讯）马拉卡（MALAKOF，5264，主板贸服股）截至9月30日第三季，净利按年减少67%至5150万5000令吉，或每股净利1.03仙。

同期营业额则按年上扬18%，录得15亿1428万令吉。

根据文告，虽然联号公司净利贡献按年增加，但由于天然气发电厂的剩余价值（residual value）折损、波德申电力公司（Port Dickson Power，简称PD Power）盈利贡献减少，加上外汇损失及高额维修开销，导致PD Power面临亏损。

而营业额的提升，归功于丹绒宾能源（Tanjung Bin Energy）私人有限公司的贡献，后者在今年3月21日开始营运。

3季赚2.65亿

累计9个月，净利同样按年下跌23.4%，萎缩至2亿6523万1000令吉，或每股净利5.3仙；营业额增加11.7%，至43亿8487万1000令吉。

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,514,280	1,283,606	4,384,871	3,925,990
2	Profit/(loss) before tax	143,148	199,009	441,802	532,079
3	Profit/(loss) for the period	58,064	169,086	300,679	387,779
4	Profit/(loss) attributable to ordinary equity holders of the parent	51,505	156,015	265,231	346,213
5	Basic earnings/(loss) per share (Subunit)	1.03	3.12	5.30	7.91
6	Proposed/Declared dividend per share (Subunit)	0.00	2.00	3.50	5.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1400		1.1600

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指疏忽导致损失
马拉卡向3造索赔7.85亿

2016年11月25日
（吉隆坡24日讯）马拉卡（MALAKOF，5264，主板贸服股）向日本住友商事企业（Sumitomo）、吉朗（ZELAN，2283，主板建筑股）和住友大马电力私人有限公司，提出仲裁程序，追讨违约赔偿金7亿8500万令吉。

马拉卡是通过子公司丹绒宾电力私人有限公司采取行动。

该公司昨日向马交所报备，马拉卡雇用吉朗、住友商事与住友大马电力所组成的财团，为丹绒宾发电厂和相关设施提供工程、采购、承建和测试（EPCC）服务。

“EPCC合约期间，出现疏忽和违约，对丹绒宾电力造成损失与损坏，截至现在共7亿8500万令吉。”

不过，该公司指出，该仲裁程序预计不会对2016财年的盈利与净资产带来任何显着影响。

吉朗-住友商事财团是在2003年击败前来竞标的3巨头，日本三菱（Mitsubishi）、德国西门子（Siemens）和法国阿尔斯通（Alstom），从国家能源（Tenaga，5347，主板贸服股）手中赢得57亿令吉的建造发电厂合约。【e南洋】

Type	Announcement
Subject	MATERIAL LITIGATION
Description	MALAKOFF CORPORATION BERHAD ("MCB" OR "THE COMPANY")- ARBITRATION PROCEEDINGS BY TANJUNG BIN POWER SDN BHD, A SUBSIDIARY OF MCB AGAINST SUMITOMO CORPORATION, ZELAN HOLDINGS (M) SDN BHD AND SUMI - POWER MALAYSIA SDN BHD
Pursuant to paragraph 9.04 (g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, MCB wishes to announce that its subsidiary, Tanjung Bin Power Sdn Bhd (“TBP”) has today commenced arbitration proceedings (“Arbitration”) against Sumitomo Corporation, Zelan Holdings (M) Sdn Bhd (“Zelan Holdings”) and Sumi-Power Malaysia Sdn Bhd ( collectively referred to as “Respondents”). Background/claims TBP is and was at all material times, the owner of the Tanjung Bin Power plant, a power station consisting of three 700 MW coal-fired coal plants (“Plant”). The Respondents were engaged to provide TBP with and TBP relied on the Respondents for the engineering, design, procurement, construction, commissioning and related services in respect of amongst others, the Plant and its related facilities (“EPCC Contract”). The Arbitration is in respect of loss and damage suffered by TBP as a consequence of the Respondents’ and/or their agent(s)’ negligence and/or breaches of duties and/or obligations under the EPCC Contract.  At present, the loss and damage suffered by TBP is estimated to be approximately RM785 million. Financial impact The Arbitration is not expected to have any material impact on the earnings and net assets of MCB Group for the financial year ending 31 December 2016. Interest of directors and substantial shareholders of MCB Save for the following directors and substantial shareholder of MCB, none of the other directors or substantial shareholders of MCB or persons connected to them has any interest, direct or indirect, in the aforesaid Arbitration: MMC Corporation Berhad (“MMC”) being a major shareholder of MCB, holds 39.2% of Zelan Berhad, which is in turn is the holding company of Zelan Holdings; and The nominee directors of MMC on the Board of MCB, namely, Dato’ Sri Che Khalib Mohamad Noh, Datuk Ooi Teik Huat and Datuk Muhamad Noor Hamid; and Mr. Kohei Hirao, the Special Senior Advisor to Albukhary Group which amongst others include MMC. Dato’ Sri Che Khalib Mohamad Noh and Datuk Ooi Teik Huat are also directors of Zelan Berhad. This announcement is dated 23 November 2016.

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业绩欠佳．派息恐减．马拉科夫财测下修

（吉隆坡22日讯）受到外汇亏损以及高折旧拨备拖累，国内最大独立发电厂马拉科夫（MALAKOF,5264,主板贸服组）第三季净利重挫近67%，分析员虽普遍下调财测，但部份分析员认为其负面因素已反映，上调其评级至“买进”。

股价不跌反起

尽管其最新业绩不佳，但在过去一个月内该公司股价一度下挫15.66%至1令吉40仙，投资者趁低吸纳，股价不跌反起，全天最高上涨3仙或2.14%，但后来升幅收窄，全天只涨0.71%或1仙，以1令吉41仙闭市。

马银行研究、大众研究、联昌研究以及肯纳格研究皆下调该公司未来3年财测，降幅介于30至37%之间，以反映其折旧拨备以及高营运经费。

马银行指出，该公司降低其天然气发电厂剩余价值其净利下滑的主要原因，管理层预估全年税后折旧金额约7000万令吉。

未来两年周息率料降

另外，在2016上半年的折旧调整，也在该季财报反映。不过值得庆幸的是，尽管丹绒宾（Tanjung Bin）持续出现超乎预期的运作风险相关开销，但其维修保固费用并没有增加。

针对股息派发方面，联昌认为，按照高公司净利100%派发的比例计算，该公司在未来两年周息率预估会降至5.1%以及4.3%。目前该股周息率已经低于之前派发6至7%水平。

值得留意的是，在美国总统大选后，大马10年国债回酬率也从之前的3.7%扬升至4.5%，这令马拉科夫周息率更不吸引人。

大众研究指出，该公司的联号获利贡献去年净亏1170万令吉改善至净赚2030万令吉，主要是加埔能源发电厂（KEV）和阿曼发电厂亏损收窄，分别亏损2930万令吉以及2300万令吉。

同时，沙地阿拉伯发电厂的获利贡献也增加49.6%至3400万令吉，但阿尔及利亚发电厂亏损1370万令吉摊薄了前者收益。

艾芬黄氏则表示，受到初期营运问题困扰，该公司丹绒宾发电厂尚未获利。低应用率以及煤炭处理设备成本高企，导致该发电厂无法获利。管理层认为，该厂初期营运问题在明年将获得解决以及新运煤码头将在2018年完成。



文章来源：
星洲日报／财经 ‧ 报道：傅文耀 ‧ 2016.11.22

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馬拉卡多元資源組財團 獲丹絨馬林合約

2016年12月21日
（吉隆坡21日訊）馬拉卡（MALAKOF，5264，主要板貿服）及多元資源環境服務私人有限公司所組成的財團，獲政府頒發50兆瓦（MWac）太陽能光伏廠的建設合約。

馬拉卡向馬證交所報備文告指出，多元資源環境服務私人有限公司隸屬多元資源（DRBHCOM，1619，主要板工業）旗下，雙方已在今日獲能源委員會的書面通知。

馬拉卡及多元資源環境服務私人有限公司在上述聯營財團中分別持有51%及49%股權。

上述大型的太陽能光伏廠位于丹絨馬林，佔地約200英畝，雙方聯營財團將負責有關太陽能光伏廠的融資、設計、供應、建造、持有、營運及維護。

在購電合約（PPA）協議下，上述太陽能光伏廠預計在2018年7月1日起投入營運，持有、營運及維護權將為期21年。【中国报财经】

Type	Announcement
Subject	OTHERS
Description	MALAKOFF CORPORATION BERHAD ("MCB" or "the Company") -        Acceptance of a conditional offer letter by MCB and DRB-HICOM Environmental Services Sdn. Bhd. ("DHES"), a wholly-owned subsidiary of DRB-HICOM Berhad ("DRB HICOM"), from the Government of Malaysia to undertake the construction and development of a 50MWac Large Scale Solar Photovoltaic Plant ("Project")
Introduction MCB is pleased to announce that the consortium of MCB and DHES (collectively referred to as “Consortium”) had on 20 December 2016  received acknowledgement from the Energy Commission (“EC”) on the acceptance by the Consortium on 16 December 2016, of the conditional letter of acceptance from the Government of Malaysia through the EC, to undertake the construction and development of a 50MWac Large Scale Solar Photovoltaic Plant (“Project”) of approximately 200 acres which will be situated at Tanjung Malim, Perak. The Company’s participation in the Project is via a consortium comprising MCB and DHES on the agreed equity holding between MCB and DHES in the Consortium on 51%-49% basis respectively. Details of transaction The Consortium has participated in a competitive bidding exercise for the Project and has submitted its bid on 23 September 2016 (“Bid”). The EC has accepted the Consortium’s offer as stated in the Bid and has selected the Consortium as the shortlisted bidder. The official letter of award for the Project will be issued subject to the Consortium’s confirmation that it will fulfill the conditions set out in the letter of acceptance, amongst others, as stated below:- a) Registration to Suruhanjaya Syarikat Malaysia as required under the Companies Act 1965, if a special purpose company under the Consortium is to be established to undertake the Project; b) The finalization of the terms of the agreements relating to the Project; and c) Approval from relevant authorities for the development and operation of the Project. The Project involves financing, design, supply, build, own, operate and maintain of a 50MWac Large Scale Solar Photovoltaic Plant on a build, own and operate basis with the expected commercial operation date on 1 July 2018 for a term of 21 years under the power purchase agreement. Financial impact The Project is not expected to have any material impact on the earnings and net assets of MCB Group for the financial year ending 31 December 2016. Interest of directors and major shareholders of MCB Save for the following directors and major shareholders of MCB, none of the other directors and/or major shareholders of MCB or persons connected to them have any interest, direct or indirect, in the Project:- MMC Corporation Berhad (“MMC”) being a major shareholder of MCB, is a person connected to DRB-HICOM, the holding company of DHES; The nominee directors of MMC on the Board of MCB are Dato’ Sri Che Khalib Mohamad Noh, Datuk Ooi Teik Huat and Datuk Muhamad Noor Hamid whilst Mr. Kohei Hirao is the Special Senior Advisor to the Albukhary Group, which amongst others include MMC. Dato’ Sri Che Khalib Mohamad Noh and Datuk Ooi Teik Huat are Directors of MMC. Datuk Ooi Teik Huat is also the Director of DRB-HICOM. MCB would make the necessary announcement as and when there is material development to the Project. This announcement is dated 21 December 2016.

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多元重工业退出　马拉卡独立建发电厂

财经  2017年02月16日
（吉隆坡16日讯）多元重工业（DRBHCOM，1619，主板工业股）宣布，子公司--多元重工业环境服务私人有限公司退出早前和马拉卡（MALAKOF，5264，主板贸服股）组成財团，从政府手中接获的太阳能发电项目。

多元重工业发文告指出，上述2家公司于去年12月22日宣布，获得政府授予承建和发展霹雳丹绒马林（TanjungMalim）一座50兆瓦（MW）太阳能光伏发电厂项目。

然而，多元重工业环境服务私人有限公司因无法与马拉卡就承担该项目的某些条款达成协议，决定退出。

马拉卡在盘后发文告表示，儘管多元重工业环境服务私人有限公司退出此计划，但马拉卡將独立完成该发电厂工程。

据文告，能源委员会也已致函马拉卡，指不反对上述的更动，而马拉卡则需呈交相关的文件。

隨著多元重工业环境服务退股，马拉卡將持有该联营公司所有股权。据了解，马拉卡与多元重工业环境服务私人有限公司，之前是以51%对49%股权组成財团，接受能源委员会颁发的该建设项目。

该项目是以建造-营运-拥有模式进行，预计在2018年7月1日开始投入营运，而电力购买协议期限长达21年。

马拉卡及多元重工业的共同大股东是丹斯里赛莫达。【东方网财经】

Type	Announcement
Subject	OTHERS
Description	Malakoff Corporation Berhad ("MCB" or "the Company")-        MCB to fully undertake the construction and development of a 50MWac Large Scale Solar Photovoltaic Plant ("Project") following the withdrawal of DRB-HICOM Environmental Services Sdn. Bhd. ("DHES") from the consortium of MCB and DHES ("Consortium")
We refer to our announcement dated 21 December 2016 in respect of the above Project. MCB wishes to announce that DHES has officially informed MCB of its withdrawal from the Consortium. DHES is a wholly-owned subsidiary company of Alam Flora Sdn Bhd which in turn is a 97.37%-owned subsidiary company of HICOM Holdings Berhad, a wholly-owned subsidiary of DRB-HICOM Berhad. The Energy Commission (“EC”) had in a letter dated 13 February 2017  (“EC Letter”), confirmed that it has no objection to the withdrawal of DHES from the Consortium and for MCB to take over the full scope of the Project, subject to fulfilment by MCB of the following conditions as stipulated in the EC Letter which amongst others include:- a) To furnish an official letter of withdrawal by DHES to EC duly executed by the Authorized Representatives of both parties namely MCB and DHES as per the Power of Attorney submitted as part of the bid submission of the Consortium; b) To issue a new bid bond to EC to be fully undertaken by MCB in order to reflect the withdrawal of DHES from the Consortium; c) To ensure that the scheduled commercial operation date of the Project remain unchanged as per the letter of acceptance of offer and that every terms and conditions in the letter of acceptance of offer are complied with.   With the withdrawal of DHES from the Consortium, MCB will undertake 100% equity interest in the Project. Financial impact The Project is not expected to have any material impact on the earnings and net assets of MCB Group for the financial year ending 31 December 2017. Interest of directors and major shareholders of MCB With the withdrawal of DHES from the Consortium, none of the directors and/or major shareholders of MCB or persons connected to them have any interest, direct or indirect, in the Project. This announcement is dated 16 February 2017.

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Malakoff末季净利跌15% 归因于燃气发电厂折旧
By Samantha Ho / theedgemarkets.com   | February 20, 2017 : 4:48 PM MYT

（吉隆坡20日讯）Malakoff Corp Bhd 2016财政年末季（截至2016年12月31日止）净利按年下跌15.01%至9023万令吉，或每股1.80仙，相比同期净赚1亿617万令吉，或每股2.12仙。

Malakoff在今日的一则文告中指出：“税后盈利和少数股东权益（PATAMI）下滑归咎于燃气发电厂剩余价值（residual value）变化导致额外折旧。”

这家独立发电厂表示，这种变化是必要的，因为未来的发电组合对天然气的依赖程度少于煤炭发电。

“从此基础来看，之前所假设集团的燃气发电厂现有组合，能够超出各自的购电协议（PPA）期限的营运已不再适用。”

与此同时，末季营业额按年上涨25%至17亿1000万令吉，同期报13亿8000万令吉，主要来自子公司--丹绒宾能源私人有限公司（Tanjung Bin Energy）的贡献。

Malakoff表示，丹绒宾能源在2016年3月21日投产。

这家独立发电厂也宣布，派发每股3.5仙的单层中期股息，相比2015财年末季派发的每股2仙终期单层股息。

综合2016财年的业绩表现，Malakoff全年净利从上财年的4亿5239万令吉，萎缩至3亿5546万令吉，即便合共4季营业额从2015财年的53万令吉，按年增长至61亿令吉。

虽然剩余价值预测的变化对Malakoff的盈利带来冲击，惟该集团董事经理Datuk Wira Azhar Abdul Hamid表示，此变化未能对集团的营运现金流构成影响，因为该集团从营运活动中获得23亿7000万令吉的净现金。

他在文告中指出：“我们正策略性地寻找新海外投资及收购，包括潜在的业务多元化，这将为我们的股东增值。”

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,713,549	1,375,997	6,098,420	5,301,987
2	Profit/(loss) before tax	195,739	169,112	637,541	701,191
3	Profit/(loss) for the period	105,363	107,268	406,042	495,047
4	Profit/(loss) attributable to ordinary equity holders of the parent	90,232	106,172	355,463	452,385
5	Basic earnings/(loss) per share (Subunit)	1.80	2.12	7.11	9.98
6	Proposed/Declared dividend per share (Subunit)	3.50	2.00	7.00	7.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1800		1.1500

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马拉卡
利淡触底

2017年2月22日

分析：肯纳格投行
目标价：1.66令吉

最新进展：

马拉卡（MALAKOF，5264，主板贸服股）截至12月杪末季，净利跌15%，仅录得9023万2000令吉。

当季营业额按年扬24.53%，报17亿1354万9000令吉。

累计全年，净利按年萎缩21.43%至3亿5546万3000令吉；营业额则达60亿9842万令吉，年增15%。

行家建议：

马拉卡2016财年核心净利3亿3310万令吉，业绩符合预期，不过超越市场预测约16%。

该公司也宣布每股净派息3.5仙，让2016财年每股净派息达7仙，高于我们预测的4.6仙，并与2015财年一样。

马拉卡过去2个季度的业绩有所改善，我们相信最糟糕的情况已过去，因该公司已在2016年下半年做调整，包括折旧及加埔能源联营公司的净利有所改善。所以维持该公司2017财年净利预测。

不过，因展延到今年6月才开始生效的Segari发电厂购电协议（PPA），的电量付款数额料减少50%，我们下修2018财年净利预测23%。



【e南洋】

icy97

icy97 发表于 17-2-2017 03:04 AM
多元重工业退出　马拉卡独立建发电厂

财经  2017年02月16日
（吉隆坡16日讯）多元重工业（DRBHCOM，1619，主板工业股）宣布，子公司--多元重工业环境服务私人有限公司退出早前和马拉卡（MALAKOF，5264，主板贸服 ...

Type	Announcement
Subject	OTHERS
Description	Malakoff Corporation Berhad ("MCB" or "the Company")- Acquisition of Tunas Pancar Sdn Bhd to be the wholly-owned subsidiary of MCB in respect of the construction and development of a 50MWac Large Scale Solar Photovoltaic Plant ("Project")
Further to our announcement dated 16 February 2017, MCB wishes to announce that it had today acquired Tunas Pancar Sdn. Bhd. as its wholly-owned subsidiary for a total cash consideration of RM2.00 (the “Acquisition”) to undertake the Project. Tunas Pancar Sdn. Bhd. is a private limited company incorporated on 28 November 2016 in Malaysia with an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each and an issued and paid-up share capital of RM2.00 divided into two (2) ordinary shares of RM1.00 each. Tunas Pancar Sdn. Bhd. is currently dormant and its intended business activity is to undertake the Project. The Acquisition is not expected to have any material impact on the earnings and net assets of MCB Group for the financial year ending 31 December 2017. With the withdrawal of DRB-HICOM Environmental Services Sdn Bhd from being a consortium member of the Project, none of the directors and/or major shareholders of MCB or persons connected to them have any interest, direct or indirect, in the Acquisition. This announcement is dated 28 February 2017.

icy97

马拉科夫盈利股息皆存疑

（吉隆坡8日讯）分析员认为，虽然马拉科夫（MALAKOF，5264，主板贸服组）最糟时期已过，但短期内依然面临盈利下滑及派息风险威胁。

马银行研究认为，2016财政年业绩符合该行预期，但低于市场预测。

在连续3个季度盈利无法达标后，该公司终于在第四季幸免于难，不过，马银行研究预见，只有在派息疑虑消除及新计划完成速度加快后，股价才有望复苏。

马银行研究指出，一旦签署供电协议，将是该公司2015年上市以来首个新计划。不过，当回酬不够丰厚的昔加里发电厂（SEV）延长供电协议于2017年7月生效后，盈利将从2017年开始下滑，这将引起维持2017财政年每股7仙的派息疑虑。

为反映最新营运趋势，马银行研究上调2017、2018及2019净利预测2%、13%及8%。不过，因拓展速度缓慢，下调该公司目标价。

肯纳格研究指出，在之前受连串成本拖累后，该公司于第四季取得稳定盈利，符合该行预期。

该行预见，接下来盈利将维持在现有水平，至到昔加里发电厂的新供电协议延长合约于今年6月开始，导致支付能力减少50%。

最糟时期已过

肯纳格研究认为，该公司过去两个季度业绩改善，相信最遭状况已过去，因已在2016下半年进行调整，包括折旧及改善加埔能源发电厂（KEV）数据。

有鉴于此，肯纳格研究维持2017财政年财测不变。不过，在昔加里发电厂新供电协议全年影响之下，该行预计，2018财政年盈利将下滑23%。

大众研究因调整营运开销预测，各下调2017至2016财政年盈利预测15%，同时也调高融资成本，从5%增至6%。



文章来源：
星洲日报‧财经‧报道：郭晓芳‧2017.03.08

icy97

马矿业发8亿回债还债

2017年3月16日
（吉隆坡15日讯）马矿业（MMCCORP，2194，主板贸服股）宣布，独资子公司丹绒宾电力私人有限公司（Tanjung Bin），今日成功发售总值8亿令吉的回教债券。

马矿业向交易所报备，发债所筹获的资金将用来偿还2012年2月23日统筹承包合约中，总值12亿9000万令吉有期贷款。

最新的回教债券由马矿业所担保。

马矿业预计，上述回教债券将对公司的净资产及负债，带来正面影响。

联昌国际投行研究及马银行投行是此次债券的联合首席顾问、联合主承销，及联合回教债券顾问。

而联昌国际投行研究、马银行投行及兴业研究则是联合承销经理（Lead Managers）。【e南洋】

Type	Announcement
Subject	OTHERS
Description	MALAKOFF CORPORATION BERHAD ("MCB" or "THE COMPANY")- ISSUANCE OF UNRATED PERPETUAL SUKUK OF UP TO RM800 MILLION IN NOMINAL VALUE UNDER THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR BY TANJUNG BIN ENERGY SDN BHD ("TBE") WITH AN UNCONDITIONAL AND IRREVOCABLE SUBORDINATED CASH DEFICIENCY SUPPORT FROM MCB ("SUKUK WAKALAH")
MCB wishes to announce that TBE, a wholly-owned subsidiary of MCB, has on 15 March 2017 issued RM800 million of Sukuk Wakalah. TBE had on 8 March 2017 lodged with the Securities Commission Malaysia all the required information and relevant documents relating to the Sukuk Wakalah pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework effective 16 January 2017. The proceeds from the Sukuk Wakalah shall be utilised for the redemption of the outstanding junior term loan facility in an aggregate amount of RM1,290 million pursuant to the turnkey contract dated 23 February 2012 and made between TBE and Tanjung Bin Energy Issuer Berhad (as amended, supplemented and/or varied from time to time). The Sukuk Wakalah is backed by an unconditional and irrevocable subordinated cash deficiency support from MCB under which MCB shall agree to pay such sums expressed to be from time to time due and payable under the Sukuk Wakalah. Based on the underlying issuing terms, the Sukuk Wakalah is expected to be classified as equity in the financial statements of TBE as well as MCB in accordance with the Malaysian Financial Reporting Standards. The Sukuk Wakalah will not have any effect on the issued and paid-up share capital of MCB and/or the substantial shareholders’ shareholdings in MCB. The effects of the issuance of the Sukuk Wakalah on the consolidated earnings and consolidated earnings per share of MCB are not expected to be material. The Sukuk Wakalah is expected to have a positive impact on the net assets and gearing of MCB group. CIMB Investment Bank Berhad (“CIMB”) and Maybank Investment Bank Berhad (“Maybank IB”) are the Joint Principal Advisers and Joint Lead Arrangers whilst CIMB, Maybank IB and RHB Investment Bank Berhad are the Joint Lead Managers for the Sukuk Wakalah. CIMB Islamic Bank Berhad and Maybank Islamic Berhad are the Joint Shariah Advisers. This announcement is dated 15 March 2017.

icy97

恐影响购电协议进度
马拉卡太阳能厂迁址遭拒

2017年3月18日
（吉隆坡18日讯）马拉卡（MALAKOF，5264 ，主板贸服股）披露，能源委员会拒绝该公司迁移50MWac大型太阳能光伏厂位置的建议，同时也一并撤销早前批准的发电厂项目。

马拉卡向交易所报备，该项目位于霹雳丹绒马林，但由于土地拥有者正在该地块上进行企业活动，无法向对方租赁土地。

由此，马拉卡考虑将地点更换至其他地方。

撤销发电厂项目

但能委会在昨天的信函中，拒绝上述建议，理由是：更换地点将展延确定太阳能购电协议的时间，以及影响投入商业营运的预定时间。

除了上述消息外，马拉卡没有透露任何下一步的计划。此外，公司也指撤销该发电厂项目，并不会对2017财年的盈利与净资产造成显著影响。

去年12月21日，能源委员会宣布，马拉卡和DRB-Hicom环境服务有限公司组成的财团，获得于上述项目发展和经营项目，占地约200亩。

该项目计划于2018年7月1日投入营运，并在电力购买协议下，经营该发电厂21年。

DRB-Hicom环境服务是多元重工（DRBHCOM，1619，主板工业产品股）独资子公司，在这项合作中持有49%股权，而马拉卡拥有51%股权。 【e南洋】

Type	Announcement
Subject	OTHERS
Description	ENERGY COMMISSION ("EC") WITHDRAWAL OF THE LETTER OF ACCEPTANCE OF OFFER FOR MALAKOFF CORPORATION BERHAD ("MALAKOFF" or "THE COMPANY") TO UNDERTAKE THE 50MWAC LARGE SCALE SOLAR PHOTOVOLTAIC PLANT IN TANJUNG MALIM ("PROJECT")
Further to our announcement dated 21 December 2016 and 16 February 2017, MCB wishes to announce that the Company had received a letter from Energy Commission (“EC”) dated on 16 March 2017 withdrawing the acceptance of the letter of offer from EC by the Company to undertake Project (referred to as “Withdrawal”). EC had in its letter rejected the appeal by the Company to change the original land site of the Project from Tanjung Malim to another land site. The appeal was made due to the fact that the land owner of the original land site in Tanjung Malim, is no longer able to commit to lease the land for the duration of the Project due to its ongoing corporate exercise. EC had also in its letter stated that it had rejected the relocation of the land site as it will delay the finalisation of the Solar Power Purchase Agreement as well as the scheduled commercial operations of the Project as prescribed by EC. Financial impact This Withdrawal will not have any material impact on the earnings and net assets of MCB Group for the financial year ending 31 December 2017. Interest of directors and major shareholders of MCB None of the directors and/or major shareholders of MCB or persons connected to them have any interest, direct or indirect, in the Project. This announcement is dated 17 March 2017.

icy97

MALAKOFF CORPORATION BERHAD

EX-date	03 May 2017
Entitlement date	05 May 2017
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single-tier dividend of 3.5 sen per share for the financial year ended 31 December 2016
Period of interest payment	to
Financial Year End	31 Dec 2016
Share transfer book & register of members will be	05 May 2017   to   05 May 2017 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul EhsanTel: 03-7841 8000
Payment date	23 May 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	05 May 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.035
Par Value	Malaysian Ringgit (MYR) 0.000

icy97

积极扩充发电规模　马拉卡吉打標发电厂

财经  2017年04月19日
（吉隆坡19日讯）隨著马拉卡（MALAKOF，5264，主板贸服股）的丹绒马林太阳能发电厂建造计划因土地问题而告吹，该公司表示不会放弃继续竞標发电厂建设计划，目前已经以吉打州作为新地点，提呈第2次的竞標。

马拉卡董事经理拿督威拉阿兹哈在今日股东大会后向媒体解释，马拉卡与多元重工业（DRBHCOM，1619，主板工业股）联手建造丹绒马林太阳能发电厂的计划，原本已经获得能源委员会（EC）放行，但因多元重工业自身的重组计划而突然变卦，使得能源委员会收回成命。

他披露，除了吉打州之外，也將向能源委员会建议更多的地点，因为能源委员会如今限制每项太阳能发电厂建设计划的电力规模不能超过30兆瓦。

能源委员会的目標是在2020年前，大马能够拥有1000兆瓦电力规模的太阳能发电厂。

倾向棕地投资

与此同时，该公司也放眼其他的併购扩充计划，「我们正积极寻找適合的扩充电力规模计划，並希望收购项目能够带来即时效应，因此偏向棕地投资（Brownfield，现有项目），而不是绿地投资（Greenfied，新项目），目前正评估超过10项有潜质的工程项目。」

对於收购或工程目標是否也包括海外项目，马拉卡不讳言海外业务更有利可图。

阿兹哈指出，该公司目前在国外的发电厂业务，都以联营方式经营，虽仅佔营收的4%，但却贡献公司25%的盈利。

积极涉足海外

因此，阿兹哈表示，该公司除了寻找国內的扩充目標外，也会积极涉足海外业务，首先会从澳洲开始，因为马拉卡在当地已经有发电厂。

「欧洲提倡环保主义，因此我们预计在当地运营煤炭发电厂的可能性极低，但在东南亚、印度等国家，还是相当依赖煤炭发电厂。」

该公司冀望能在2020年时，將发电规模提高至1万兆瓦，目前的发电规模是7036兆瓦。

马拉卡2016財政年营收从前年的53亿零199万令吉，按年增长15%，至60亿9842万令吉；而净利则按年急挫21.42%，从4亿5239万令吉跌至3亿5546万令吉。

该公司透露，营收增长主要来自去年开始作出贡献的丹绒宾能源私人有限公司；而净利下跌则是因为燃煤发电厂的剩余价值调整，导致折旧费用飆高，加上，波德申电力公司（Port Dickson Power）的发电厂因为新签署的买电协议费率下调，而导致盈利减少。

隨著子公司-Segari能源创投（SEV）私人有限公司的购电协议將在今年到期，而新协议的购电费率也將调降，因此，管理层表示，今年的盈利將会受影响。

阿兹哈也表示，未来新购电协议的费率，相信也不可能调涨。【东方网财经】

icy97

马拉卡获3.25亿贷款

2017年5月4日
（吉隆坡3日讯）马拉卡（MALAKOF，5264 ，主板贸服股）独资子公司Malakoff国际有限公司，昨天和瑞穗（Mizuho）銀行纳闽分行达成贷款协议，贷款高达8000万美元（约3亿2500万令吉）。

马拉卡向交易所报备，该贷款是用于偿还现有的债务以及相关费用，偿还期为5年。这笔贷款用于早前收购Hidd电力公司的40%股权。【e南洋】

Type	Announcement
Subject	OTHERS
Description	MALAKOFF CORPORATION BERHAD ("MCB" OR "THE COMPANY")-  ACCEPTANCE OF A TERM LOAN FACILITY BY THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, MALAKOFF INTERNATIONAL LIMITED ("MIL"), OF USD80.0 MILLION FOR REFINANCING OF THE EXISTING TERM LOAN FACILITY FOR THE AL-HIDD ACQUISITION ("REFINANCING")
Introduction Pursuant to paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (“Board”) of MCB wishes to announce that the Company’s wholly-owned subsidiary, Malakoff International Limited (“MIL”), has on 2 May 2017 entered into a facility agreement with Mizuho Bank Ltd., Labuan Branch (“Mizuho”) for a term loan facility of USD80.0 million (equivalent to approximately RM325.0 million) (“Facility”) for the purpose of payment of all outstanding amounts under the existing term loan facility and payment of fees and related expenses. The existing facility was procured to finance the acquisition of MIL’s 40% effective equity stake in Hidd Power Company B.S.C. (c) in 2012. Information of the Facility The tenure of the Facility shall be for a period of three (3) years. The Facility will be secured by, amongst others, a corporate guarantee of USD80.0 million in favour of Mizuho by MCB. The Facility will also be secured by a charge over all shares of a wholly-owned subsidiary of MIL and an assignment of debt service account maintained by MIL with Mizuho as security trustee. Financial Effects The Refinancing is not expected to have any material impact on the earnings and net assets of the MCB Group for the financial year ending 31 December 2017. The Facility will offer interest savings to the Company due to the favourable rates obtained for the Facility and will not increase the Company’s gearing as it will be wholly utilized to refinance the existing term loan. Directors’ and Major Shareholders’ Interests None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interest, direct or indirect, in the Refinancing. This announcement is dated 2 May 2017.

icy97

首季净利料增20%．马拉科夫展望欠佳

（吉隆坡9日讯）马拉科夫（MALAKOF，5264，主板贸服组）的发电厂业务运作如常，加上联号公司表现改善，大华继显估计首季净利将增长20%，提高到1亿至1亿2000万令吉。

市场预计该公司将在月中公布截至今年3月31日止首季业绩。

大华继显指出，该公司国内发电厂运作如常，特别是丹绒宾发电厂摆脱去年12月的意外停摆问题，将带动马拉科夫首季盈利回升。

2016财政年，马拉科夫为旗下联号公司展开一系列整顿计划，预期这些活动完成后，联号公司的盈利可望恢复稳定。

去年，该公司的35.7%联号公司──阿尔及利亚Almiyah Attilemcania海水淡化厂蒙受5540万令吉营运亏损，加埔发电厂也亏损2760万令吉，造成马拉科夫的联号业务全年仅贡献1900万令吉盈利。

大华继显估计，随着加埔发电厂和阿尔及利亚海水淡化厂转亏为盈，沙地阿拉伯业务也保持稳定，马拉科夫联号公司现财政年盈利贡献将大幅提高到1亿至1亿2000万令吉。

此外，马拉科夫和多元资源工业（DRBHCOM，1619，主板工业产品组）的丹绒马林太阳能发电厂项目告吹后，可能在2018年重新竞标，以在新地点建造太阳能发电厂。

无论如何，大华继显认为，虽然马拉科夫的周息率超过5%，但整体业务展望欠佳，市场情绪也看淡，决定保持“中和”评级和1令吉33仙目标价。

文章来源：
星洲日报‧财经‧报道：王宝钦‧2017.05.09

icy97

马拉卡首季净利增17%

2017年5月24日
（吉隆坡23日讯）随着燃料赚幅提高及联号公司贡献增加，马拉卡（MALAKOF，5264 ，主板贸服股）截至3月31日首季，净利按年增长17.47%。

集团首季净赚9878万6000令吉，或每股净利1.98仙，上财年同季为8409万8000令吉，或每股1.68仙。

同时，营业额则从13亿4411万令吉，按年提高32.51%至17亿8102万令吉，主要是因为丹绒宾（Tanjung Bin）能源私人有限公司（TBE）带来全面贡献。

由于TBE从去年3月21日才开始营运，所以首季仅带来10天的营业额贡献而已。

另外，马拉卡指Segari能源投资私人有限公司的购电协议（PPA）将在6月到期，这会影响集团2017财年业绩表现。

相比于旧的购电协议，新购电协议的平准化电费水平（levelised tariff）较低。

尽管如此，马拉卡将持续采取策略，以便在电力领域争取增长机会，以及扩大辅助业务的净利基础。

此外，集团专注于提升营运效率，因此，预计本财年将持续交出良好的业绩。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,781,023	1,344,109	1,781,023	1,344,109
2	Profit/(loss) before tax	174,677	139,792	174,677	139,792
3	Profit/(loss) for the period	115,416	99,492	115,416	99,492
4	Profit/(loss) attributable to ordinary equity holders of the parent	98,786	84,098	98,786	84,098
5	Basic earnings/(loss) per share (Subunit)	1.98	1.68	1.98	1.68
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.2000		1.1800

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Date of change	29 May 2017
Name	DATUK SERI JOHAN BIN ABDULLAH
Age	60
Gender	Male
Nationality	Malaysia
Designation	Director
Directorate	Non Independent and Non Executive
Type of change	Appointment
Qualifications	Datuk Seri Johan bin Abdullah had obtained a Master in Business Administration (Finance) from Morehead State University, USA, a Bachelor in Business Administration (Finance) from Eastern Michigan University, USA and a Diploma in Banking from Universiti Teknologi MARA, Shah Alam.
Working experience and occupation	Datuk Seri Johan bin Abdullah is currently the Group Managing Director ("GMD") and Chief Executive Officer ("CEO") of Lembaga Tabung Haji ("LTH"), a position he has held since mid 2016. Prior to his current position, he was the Deputy GMD and CEO of LTH since 2015.He joined BIMB Holdings Bhd as the GMD/CEO in May 2008 and served the group for more than six years.He joined Bursa Malaysia Securities Berhad (previously known as Bursa Saham Kuala Lumpur) in 1987 to 1989 as Listing Officer and then rejoined in 1999 and took up various senior positions including that of Deputy Chief Regulatory Officer, Group Regulation. He also served in various companies such as Bumiputra Merchant Bankers Berhad as Senior Manager, Corporate Finance in 1989 and Damansara Realty Berhad as General Manager, Corporate Planning in 1995.
Directorships in public companies and listed issuers (if any)	1. TH Plantations Berhad2. TH Heavy Engineering Berhad

icy97

马拉卡主席董经辞职

2017年6月21日
（吉隆坡20日讯）马拉卡（MALAKOF，5264 ，主板贸服股）宣布董事部变动，主席丹斯里昔安华和董事经理拿督威拉阿兹哈阿都哈密，双双宣布辞职。

该公司向交易所报备，从去年5月1日才开始担任马拉卡董事经理的阿兹哈阿都哈密，以个人及专业因素为由辞职，从本月30日起生效。

他曾参与多家大型企业，如担任森那美（SIME，4197，主板贸服股）暂代总裁兼总执行长，以及在2011年至2014年担任捷运机构（MRT Corp）总执行长，还有贸易风机构（Tradewinds Corp）总裁兼集团董事经理及主席职位。

对此，马拉卡委任哈比胡欣为暂代总执行长，在7月1日生效。

另一方面，今年65岁的昔安华因其他专业承诺而辞去马拉卡主席职务，今日起生效。

目前，他也是大马机场（AIRPORT，5014，主板贸服股）、雀巢（NESTLE，4707，主板消费产品股）和砂查也马特（CMSB，2852，主板工业产品股）的主席。

为此，马拉卡宣布，委任60岁的拿督哈斯尼担任新主席。

哈斯尼在2007年1月加入马矿业（MMCCORP，2194，主板贸服股）担任营运总监，之后在2010年5月至2013年6月担任董事经理。

目前，他也是大马天然气（GASMSIA，5209，主板贸服股）主席。【e南洋】

Date of change	30 Jun 2017
Name	DATUK WIRA AZHAR BIN ABDUL HAMID
Age	56
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Resignation
Reason	Due to personal and professional reasons
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	A Fellow Member of the Association of Chartered Certified Accountants, United Kingdom and a member of the Malaysian Institute of Accountants
Working experience and occupation	Datuk Wira Azhar Abdul Hamid began his career in the United Kingdom where he served British Telecom Plc as an Internal Auditor Manager from 1989 to 1991. He then joined Malaysian Co-Operative Insurance Society Ltd as Head of Internal Audit and later as Head of Finance prior to joining the Sime Darby Berhad ("SDB") Group in 1994. Datuk Wira Azhar then left the SDB Group and was appointed as Group Chief Executive of Pernas International Holdings Berhad from November 2001 till October 2002. In 2003, Datuk Wira Azhar returned to the SDB Group as Business Development Director in Sime Darby Plantation Sdn Bhd and since then, had assumed various key positions within the SDB Group, amongst others, the Managing Director of Tractors Malaysia Holdings Berhad, Managing Director of Sime Darby Plantation Sdn Bhd and Acting President & Group Chief Executive overseeing the entire SDB Group's operations until August 2010. Datuk Wira Azhar then joined Mass Rapid Transit Corporation Sdn Bhd as its Chief Executive Officer from 2011 till 2014. Datuk Wira Azhar was the Chairman of TCB after he relinquished his position as the President/Group Managing Director Tradewinds Corporation Berhad. He was appointed as the Group Managing Director Malakoff Corporation Berhad ("MCB") on 1 May 2016.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Datuk Wira Azhar bin Abdul Hamid holds 531,700 ordinary shares in MCB.

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Date of change	20 Jun 2017
Name	DATUK HJ HASNI BIN HARUN
Age	60
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Appointment
Qualifications	Datuk Haji Hasni is a member of the Malaysian Institute of Accountants. He holds a Master degree in Business Administration from United States International University San Diego, California and a Bachelor of Accounting (Honours) degree from University of Malaya.
Working experience and occupation	Datuk Haji Hasni held several senior positions in the Accountant General's Office from 1980 to 1994. He was the Senior General Manager of the Investment Department at the Employees Provident Fund Board from 1994 to 2001 and the Managing Director of RHB Asset Management Sdn Bhd from 2001 until 2006. He then joined DRB-HICOM Berhad as Group Chief Financial Officer until December 2006. In January 2007, he joined MMC Corporation Berhad ("MMC") as the Group Chief Operating Officer. In March 2008, he was appointed as the Chief Executive Officer Malaysia, prior to his appointment as the Group Managing Director of MMC in May 2010 until June 2013. He is currently the Chairman of Gas Malaysia Berhad and a Director of Permodalan Felcra Sdn Bhd
Directorships in public companies and listed issuers (if any)	Gas Malaysia Berhad