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4 days ago · TENAGA will be able to recoup fuel costs it is entitled under the ICPT mechanism which are higher as compared to the actual fuel costs it incurs due to timing difference. Forecasts. We cut FY23-24F net profit forecasts by 12% and 7%, respectively, to reflect: (i) higher negative fuel margin assumption of RM870m in FY23 (vs. RM650m previously ...
3 days ago · We left TENAGA’s analyst briefing with the following key takeaways: (i) Negative fuel margin to completely ease in FY24; (ii) Multilateral collaboration is needed in establishing the ASEAN power grid; (iii) Carving out of Single Buyer a step towards independence in managing exchange hub; and (iv) TENAGA recently submitted Regulatory Period 4 proposals.
2 days ago · We ensure security of supply to the electricity industry. Single Buyer is an entity authorised by the Minister pursuant to the Electricity Supply Act (ESA) 1990 to conduct electricity planning and manage electricity procurement services for Peninsular Malaysia. Single Buyer plays a key role in promoting efficiency and facilitating competition ...
4 days ago · Publish date: Mon, 16 Jan 2023, 11:20 AM. TENAGA has expressed its keen interest to participate in the development of Indonesian new capital Nusantara with energy solutions such as gas, solar, wind, hydro and battery storage. While Indonesia is not in its main focus market’s list, this could be a potential to expedite TENAGA’s green energy ...
4 days ago · Find out if Tenaga Nasional Bhd (5347:XKLS) stock is overpriced or undervalued based on Morningstar's evaluation. Assess the current comparison of market prices to the Fair Value of the company's ...
4 days ago · Electricity-guzzling new data centres will drive TENAGA’s earnings growth over the immediate term. Meanwhile, negative fuel margin is unlikely to recur in FY24 given the stabilising coal prices, while lower fuel costs will bring down its Imbalance Cost Pass-through (ICPT) receivables, resulting in interest savings.
5 days ago · We maintain BUY on Tenaga Nasional (TNB) with an unchanged DCF-based fair value of RM11.80/share (WACC: 7%, terminal growth rate: 2%). We ascribe a 3-star ESG rating to TNB. We attended TNB’s analyst briefing yesterday. Here are the key takeaways:-
