[%PuWK%] 
Research by CGS
Add - TP RM1.00

"PPA extension secured for expired gas plant"

■ Wins a 1+1 year PPA extension for its recently expired 350MW gas-fired power plant, secured through a restricted tender process by EC.
■ This clearly highlights the value that can be unlocked for its expired/expiring gas plant, especially in an environment of rapidly rising power demand.
■ Recent pullback in its share price a good opportunity to accumulate.

Analyst:
Dharmini THURAISINGAM
[%sNWc%]

$KLSE-MALAKOF 
Research by CGS
Add - TP RM1.00

"PPA extension secured for expired gas plant"

■ Wins a 1+1 year PPA extension for its recently expired 350MW gas-fired power plant, secured through a restricted tender process by EC.
■ This clearly highlights the value that can be unlocked for its expired/expiring gas plant, especially in an environment of rapidly rising power demand.
■ Recent pullback in its share price a good opportunity to accumulate.

Analyst:
Dharmini THURAISINGAM
dharmini@cgsi.com

$MALAKOF / 5264 (MALAKOFF CORPORATION BERHAD)