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Overview
Financial Highlight
HeadlinesBusiness Background Tenaga Nasional Bhd, or TNB, is the largest electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and sale of electricity. TNB segments its operations into a generation division, a transmission division, and a distribution division. The generation division encompasses the company’s portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers and the providing of consulting services. The company primarily generates revenue through the sale of electricity in West Malaysia. Its customers are mainly commercial operations, domestic consumers, and large industrial entities.
  kkwong13 “In the 2Q2024 earnings season, performance of companies under our coverage were largely in line with our expectation, except for Tenaga, which exceeded our estimate, attributed to better-than-expected sale of electricity, along with lower fuel cost and forex translation loss, amid the strengthening of the MYR (Malaysian ringgit),” BIMB said. Tenaga’s sale of electricity escalated 4% quarter-on-quarter and 6% year-on-year (y-o-y), thanks to increased demand from the commercial (DCs included under this) and domestic segment by 10% and 12% y-o-y, respectively. BIMB maintained an “overweight” recommendation on the sector, with a “buy” call on Tenaga at a target price (TP) of RM17.84, Malakoff at a TP of 90 sen. 04/09/2024 5:09 PM kkwong13 More and more foreign investor, capital flow in to build more factories in Malaysia, more electricity require. Fong/The Edge KUALA LUMPUR (Sept 4): Malaysia secured RM85.4 billion in foreign investments in the first half of 2024 (1H2024), with Austria leading at RM30.1 billion. This was followed by Singapore (RM16.5 billion), China (RM9.8 billion), the Netherlands (RM4.0 billion), and Taiwan (RM2.4 billion), according to the Malaysian Investment Development Authority (Mida). The RM85.4 billion in foreign investments accounted for 53.4% of total approved investments of RM160 billion in 1H2024. Domestic investments contributed 46.6% or RM74.6 billion. The total approved investments of RM160 billion represented an 18% year-on-year increase from RM135.6 billion in the same period last year, Mida reiterated, following Prime Minister Datuk Seri Anwar Ibrahim's announcement of the same on Tuesday. https://theedgemalaysia.com/node/725477 04/09/2024 10:32 PM  speakup F-a-r-k lah Tenaga just pay the 1.4Bil LDHN fine lah! Lu dapat monopoly from govt tapi tak nak bantu Malaysia? That 1.4Bil boleh bantu bangunkan negara and rakyat Malaysia. Bayar je 06/09/2024 7:32 PM yeinemesis Cannot simply pay. Public Company. The management must be able to 'justify' that such tax is required under the Tax Law. Otherwise if auditor comes and discovers a person is not protecting the company's interest, he might face legal action by the company. Nowadays we hear news of 'new management' of a company taking legal action on 'former management' pertaining to their action & decision making related to the company's interest. Similar to our politics. 07/09/2024 12:31 AM yeinemesis 14.680 with 1.2M Bids against 14.700 with 3.0M Asks at 4pm. Big volume fighting. How to move...🤔😴 10/09/2024 4:05 PM Daniel Chin @speakup funny mindset, next time you get fine, even you not wrong, you must pay the fine , because you love Malaysia 12/09/2024 1:29 PM Phoebe Lower borrowing cost and fuel cost due RM strengthening against USD. Increase in electricity consumption due to industrial activity and DC. Lastly, RP4 coming. Increase in electricity tariff? 24/09/2024 11:23 AM turbochart propose to gov, remove all tnb subsidy!! Use 1sen pay 1sen, use 100k, pay 100k🤣 24/09/2024 4:11 PM mf Dow Jones Dow Jones Industrial Average 42,189.49 -123.51 0.29% Nasdaq NASDAQ Composite 18,080.60 -38.98 0.21% 30/09/2024 10:21 PM turbochart Rich family tnb usage >2000 per mth, please remove all subsidy to these rich group!!! 01/10/2024 11:10 AM turbochart Foreigner MM2H enjoy all the gov subsidy!!,they show off in YouTube, Tnb, water, petrol, condo, eat, all very cheap!!! Pls do something, Anwar!!! 01/10/2024 12:54 PM KingKKK TENAGA: Poised to resume its uptrend? https://klse.i3investor.com/web/blog/detail/bestStocks/2024-10-09-story-h471005635-TENAGA_Poised_to_resume_its_uptrend 09/10/2024 10:39 AM iTelex5 Why is 14.60 so stubborn? Tenaga sure to go up given the views on it. Chargeeeeeeeeeeeeeeeeeeeeeeee. 17/10/2024 12:14 PM iTelex5 This week, it has been incredibly hot. At 16 degrees C, I was perspiring. National airconds lowest 16. 20/10/2024 12:26 PM  Income Posted by turbochart > Oct 1, 2024 12:54 PM | Report Abuse Foreigner MM2H enjoy all the gov subsidy!!,they show off in YouTube, Tnb, water, petrol, condo, eat, all very cheap!!! Pls do something, Anwar!!! ？ They come here to spend pend their money to help Bolehland economy. Bo.do ker u ask PMx to stop foreigners from visit Msia and stay in Msia as second home? 31/10/2024 6:28 AM iTelex5 2:58 / 10:46 Malaysia: High Income Nation by 2028 with Data Centers YouTube 16/11/2024 11:39 PM pang72 Yes! Time to ripe the data center investment outcome in electricity generation in TNB 20/11/2024 1:18 PM pang72 Blue chip looks useless recently from maybank, Tenaga, ytlpower to PCHEM... 21/11/2024 3:29 PM PureBULL ... Mkt's indeed v challenging now n forever. There r tonnes of lorry loads of noises out there to convince, confuse n to condemn. Most valued sifu on i3investors like dragon328 r in this Grouping on GWS. U might want to join this for their updated views n mkt direction as follows: https://messenger.i3investor.com/join-group.html?route=8ac33dc488de45e19a6517a5bc97470d 22/11/2024 2:14 PM KingKKK WINNING BIG: The 10 Best-Performing Stocks in Malaysia YTD - SUNWAY, GAMUDA, UTDPLT, IJMCORP, AIRPORT, CIMB, TENAGA, AMMB, 99SMART, HARTA https://klse.i3investor.com/web/blog/detail/bestStocks/2024-11-23-story-h474783546-WINNING_BIG_The_10_Best_Performing_Stocks_in_Malaysia_YTD_SUNWAY_GAMUDA_ 24/11/2024 8:03 AM  | |
