Tenaga is a monopoly it owns 66% of the power generation, 100% power transmission grid network and 100% power distribution network

Small retailers lets follow reddit users.. buy Tenaga and let it go up to fight the hedge funds who are betting Tenaga to go down

Goes down over 2 months.. but go up very fast so easy to make money with Tenaga

From 17.6% down to 12.9%

Tenaga Nasional Bhd's (TNB) foreign shareholding fell to 12.9% as at 31st December 2020 from 13.8% as at end-November 2020. The December and November 2020 updates, which were published on TNB's website showed that its latest foreign shareholding figures had fallen from 17.6% as at end-February 2020. (The Edge)

the commentary from Aminvest is showing all is ok

We maintain BUY on Tenaga Nasional (TNB) with a lower DCF-based fair value of RM12.60/share (WACC: 7.0%, terminal growth rate: 2.0%) vs. RM13.95/share previously.

We have reduced TNB’s FY21F normalised net profit (including the impact of MFRS16 but excluding forex and impairments) by 10.0% to account for a weaker electricity sales volume growth of 6.0% vs. 9.5% previously. For FY20E, we have assumed that electricity sales volume would fall by 6.0%.

We have assumed a lower electricity demand growth in FY21F due to economic uncertainties arising from Covid19. However, we believe that the impact of the current MCO on electricity demand would not be as severe as FY20E as more industries are allowed to operate. In 1HFY20, TNB’s electricity demand fell by 8.5% YoY. In 2QFY20, TNB’s electricity demand declined by 8.4% QoQ.

On a positive note, reference rates for fuel costs are lower under RP2 (regulatory period) Interim compared with RP2 as energy prices fell in 3QFY20. As fuel costs are surging presently, TNB would be able to pass on the higher fuel costs to users in FY21F under the Imbalance Cost PassThrough mechanism. The reference rates under RP2 Interim are US$67.45/tonne for coal (RP2: US$75/tonne) and RM27.20/mmbtu for gas (RP2: RM35/mmtu).

We estimate that TNB’s depreciation expense would increase by 2.2% to RM10.8bil in FY21F due to the commissioning of the Southern Power Generation (SPG) gas plant. Unit 1 (700MW) of TNB’s 70%-owned Southern Power plant started commercial operations in early January 2021. Unit 2 (700MW) is expected to commence operations in late January 2021.

Malaysia’s energy reserve margin is envisaged to increase to 51% by the end of FY21F from 34% currently. This is mainly due to the commissioning of TNB’s SPG gas power plant and Edra Energy’s 2,242MW gas power plant in FY21F.

We do not expect TNB to carry out another round of fundraising in FY21F. This is spite of the group’s target of having 8,300MW of renewable energy sources by year 2025F (as at November 2020: 3,390MW). We think that TNB would have enough cash reserves to carry out any smallto-medium size acquisition in FY21F. In 3QFY20, TNB issued Islamic MTN of up to RM10bil and Islamic commercial papers of up to RM2bil.
Source: AmInvest Research - 22 Jan 202

I hate it when i am addicted to Tenaga dividends. I have to keep buying more and more when it drops

Forget about this stock

OK Boss

Ok boss

Extension means good income revenue.. dividend still good 60 sens per unit

Mr Market is erratic..a bluechip like Tenaga is selling at discount. Even ceo also buy

Yes so east to make money with tenaga

No laaa Q4 hancur TSR dah habis.. tunggu tahun depan baru ada new contract kick in

Any idea bila EKVE akan siap dan tol akan collect. They are working on the Putrajaya Hospital extension...shaping up well

kalah kena bayar gantirugi kepada mmhe...Q3 dia orang dah impair..but cash flow dia orang from current operation nampak ok

Poor q3 result.. mgt have to work harder to get more construction jobs

Bad Q3 result shocking

Excellent quarterly performance given the current condition. Forex gain will continue in Q4 as ringgit strenghten vs dollar

Epf sell and buy all the time. Ceo buying though

Rugu tak beli tenaga.. share yang naik cepat tapi turun lambat

blardy eell

No chance for TST contract to be terminated

Oil price is creeping up slowly but surely

E.A. Technique’s (EAT) 2QFY20 top line grew by 41.4% YoY, mainly attributed to higher recognition from the Group’s Temporary Storage Tanker (TST) contract which commenced operation in February this year. Nonetheless, core net profit slipped 16.1% YoY to RM8.8m due to enforcement of Movement Control Order (MCO), resulting in a significant disruption to its operations. For 1HFY20, the Group reported core net profit of RM22.7m ( 34.6% YTD), in tandem with higher revenue of RM181.5m ( 36.7% YTD) on the back of stronger 1QFY20 numbers. While core earnings were at 66.8% of our full year projections, we deem the numbers as in line however. We err on the side of caution over its earnings in the remaining quarters, considering the operating environment after the Covid-19 and the level of oil prices currently with earnings likely be affected as a result of fewer spot charters and adjustment on charter prices. We maintain our Outperform call on EAT nonetheless in view of its stable earnings outlook despite recent hiccups. Our TP of RM0.47 based on 8x FY21 EPS.

Lower QoQ earnings due to MCO. EAT reported lower core net profit of RM8.8m (-37.1% QoQ) in 2QFY20 despite of higher revenue by 7% QoQ to RM93.8m. This was mainly due to enforcement of the MCO starting mid March, resulting in a significant disruption to its operations particularly on the movement of crew as well as additional costs incurred due to Covid-19. With that, the Group’s profit margins compressed by 11ppt and 6.6ppt at gross and net profit levels respectively. Higher top line in the quarter was not a surprise given the first full contribution from the Group’s TST contract.
Earnings forecast unchanged. Despite the commendable 1HFY20 performance, we err on the side of caution on EAT’s 2HFY20 earnings given the impact of low crude oil prices due to the Covid-19 pandemic. The Group’s earnings are likely to be affected as a result of fewer spot charters, lower charter rates and possible termination of contracts. Recall, global oil majors including Petronas have announced capex cuts ranging from 20% - 30% this year. As such, we foresee there are charter rate adjustment risks on EAT’s FSO Muar and Tembikai. We also foresee there is risk for TST contract to be ended earlier than the original due date (January 2021) given the role of the TST itself as a temporary storage for Early Well Test (EWT) for the Sepat C exploration field.

Having said that, EAT’s earnings outlook is expected to remain stable with growth seen in FY21 onwards after commencement of the three new tanker contracts. Outstanding orderbook remains healthy at RM910.9m, translating to 3.3x FY19 revenue.
Source: PublicInvest Research - 1 Sept 2020

Back up kuat. Khazanah and EPF

Great feedback and sharing.

Even MD/ceo accumulating shares...buy in confidence

GENERATION spin off will unlock value to shareholder...tenaga downplaying it because this is still highly confidential. Someone leak it

secured 20000 units @0.31..check out my portfolio

Q 20000units@0.31 today

@dompeilee - let profit run

Md/ceo Amir Hamzah last week pick up some more shares 10000 unit beforw this news release

Tenaga has been reported to consider listing its GenCo in 2021, post completion of the group’s corporate restructuring business. We are neutral on the exercise as the listing will not have any material fundamental impact to the group. Nevertheless, it will allow Tenaga to improve its segmental business focus as well as reporting transparency. We estimated the potential market valuation of GenCo to be up to RM13bn (based on c. RM1bn profit and 13x PER). Maintain BUY recommendation with unchanged TP: RM12.50 (based on DCFE) for its stable cash flow and dividend yield.

NEWSBREAK

According to Bloomberg, Tenaga is considering listing its power generation business GenCo on Bursa in 2021, following completion of its on-going corporate re-structuring exercise. Upon listing, investors would be given shares in the unit in proportion to their existing holdings in Tenaga.

HLIB’s VIEW

Neutral impact to Tenaga. As anticipated, we do not discount the possibility of Tenaga listing its GenCo subsidiary post corporate exercise, allowing Tenaga to improve its segmental business focus in anticipation of the on-going industry transformation and potentially allow Tenaga to raise new capital for GenCo. The listing exercise will also allow better reporting transparency. However, we do not expect material fundamental changes to Tenaga’s business outlook. Based on back of the envelop calculations, the expected net profit of GenCo is c.RM1bn with potential market valuation of up to RM13bn upon listing (based on current 13x PE similar to Malakoff).

Maintain BUY, TP: RM12.50. We maintain BUY recommendation on Tenaga with unchanged DCFE-derived TP: RM12.50. Tenaga’s earnings and cash flow are expected to be stable under the IBR/ICPT mechanism. Dividend is expected to remain stable at 50-60sen/share.

Source: Hong Leong Investment Bank Research - 10 Nov 2020

Tenaga is a must have dividend stock

Buy some more .. still cheap current price

Stay invested if you have the staying power

Preparing for Petronas to buy over tenaga shares cheaply - hehehe

TNB granted leave by court to challenge IRB tax bill of RM1.8billion

Seems lile Tenaga will benefit from economic recovery from their monthly data of increasing energy consumption since June

22 sens interim divided 2020 announce in last quarter report

Long weekend

True

Call your broker to sell the odd lot.

Warren buffet exit airline.. what are you guys doing here

Good luck tradiing..company sarung tangan dan condom lagi valuable dari Tenaga Nasional...hahahaha

Yup boleh slow talk.

Buy when fearful, Sell when greedy

Tenaga cash pile 16 billion is sooo good