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Top Calls
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Initiate Coverage � Malakoff (HOLD, TP:
RM1.92)
- Positives priced in We initiate coverage on Malakoff, the largest independent power producer in Malaysia with a HOLD rating and a DCF-based target price of RM1.92. While we forecast a 2014-17 earnings CAGR of 17%, we believe these positives are already priced in. Nonetheless, we see Malakoff as a decent dividend yield play with management guidance of at least 70% dividend payout.
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Other Calls
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For
important disclosures, please refer to the Disclosure section at the end of
the individual linked research reports. |
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