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Overview
Financial Highlight
Headlines
Business 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.
  BAIfund DETAILS OF THE TRANSACTIONS 2.1 Information on Tenaga Tenaga is the largest electricity utility in Malaysia, with its core business of providing electricity to the country’s business, homes, and industries. Its activities represent the entire electricity production and supply value chain. Tenaga is listed on the Main Board of Bursa Malaysia Securities Berhad. 2.2 Information on PNEPCB PNEPCB is a printed circuit boards manufacturer in Malaysia. The group has a wide range of products and customers spanning across the globe from Japan to the United States of America and Europe. It currently has manufacturing facilities in both Malaysia and China to support their local and overseas customers. PNEPCB is listed on the Main Board of Bursa Securities. 2.3 Information on NetX NetX is engaged in the provision of turnkey solutions on the network infrastructure and security management, research and development of software, system design, integration and installation and provision of information technology services. 2.4 Basis of Arriving at the Purchase and Disposal Consideration The Purchase Consideration and Disposal Consideration were based on the prevailing market price at the point of purchase and disposal respectively. 2.5 Funding and Utilisation of Proceeds The Acquisition was funded entirely from the borrowings of the Company and the proceeds from the Disposal was used to repay the borrowings. 2.6 Original Cost and Date of Investment The date and the original cost of investment for the Tenaga shares disposed are as follows: - Date Cost of Investment (RM) 19 February 2019 1,172,721.14 14 May 2019 2,639,335.75 29 May 2019 6,415,889.80 2.7 Liabilities to be Assumed There are no liabilities, including contingent liabilities and guarantees to be assumed by FINTEC, arising from the Transactions. 3. RATIONALE AND PROSPECTS The Acquisition is part of FINTEC’s decision to invest in quoted securities that have growth prospects through collaboration or cross-selling of products and services between the Group’s investee companies. Other than that, the Transactions is also part of FINTEC’s trading activity of blue-chip counters that are fundamentally sound and have the prospect of generating short term returns. 11/12/2019 9:38 AM factslim1 Maintain HOLD on Tenaga with unchanged TP of RM13.50 based on DCFE valuation. 17/12/2019 1:41 PM winbigbursa Tenaga does not look good for 2020, best to clear now, esp the Cws, good luck.. 06/01/2020 2:12 PM kinuxian RM is strengthen and good for TNB. However, foreign fund still avoid Malaysia stock market and go to better perform EM markets. Another test below 12 is coming? 14/01/2020 11:42 AM LouiseS TNB's earning performance has been fluctuating in last five years, whereby its earning per share overall ranged from 65.4 sen to 130.2sen. TNB pays dividend consistently in the last five years, whereby dividend per share ranged from 29 to 61 sen per share. In FY2018, total dividend paid to shareholders was 53 sen per share, amounting to a dividend yield of 4.11%. Currently the P/E ratio is ~19. https://louisesinvesting.blogspot.com/2020/01/comments-on-tenaga-nasional-bhd-5347.html 20/01/2020 7:37 PM Keyman188 I sangka banyak orang tak percaya... Next 24 months will test low between RM 8.00 ~ RM 8.50... 01/02/2020 8:58 AM Keyman188 Did you know how much share price during 2008/09 US subprime turmoil??? I think a lot of youngest...retailers...investors...sudah lupa.... 02/02/2020 5:20 PM Keyman188 The answer is.... RM 4.48 (04/02/2009)...... History can't changed...... But...... History can repeat...... 02/02/2020 5:20 PM  kong73 true..history will also repeat to show market will recover by more than 30% after a bear market 03/02/2020 9:43 AM kong73 so imagine getting tenaga share at 4.48 and 2 years later it will boom to more than 10ringgit. Sum more get dividend income..apa nak rugi? 03/02/2020 9:44 AM thesteward Tenaga feb result I believe w be nice . Fingers crossed . Hopefully Tenaga go back to at least 14 in a month’s time 07/02/2020 12:37 AM thesteward Epf been acquiring non stop from dec to even feb recently ....sud be a nice super nice result coming soon 07/02/2020 12:43 AM Shinnzaii Utilities sector need some power...lack of catalyst...price for cost of generation electric like coal and natural gas drop nearest new price benefits for IPP player...no investor look for investment for renewable energy IPP? company time to gauge up renewable energy to attract investor edi...hehe 07/02/2020 12:11 PM gsi723 in view of slow economy, lower cost of coal and natural gas... will electricity tariffs be reduced? 07/02/2020 3:49 PM Shinnzaii see how much Tenaga can tank today....utilities sector quite less expose to virus...hehe 10/02/2020 8:56 AM fmbklci due to the virus, people will stay home more which means there will be more electricity usage which contributes positively to tenaga's revenue 10/02/2020 3:37 PM DickyMe2 " Posted by fmbklci > Feb 10, 2020 3:37 PM | Report Abuse due to the virus, people will stay home more which means there will be more electricity usage which contributes positively to tenaga's revenue" YES, suddenly TNB will earn billions of ringgit just because of this virus. What a fantasy!! 10/02/2020 3:40 PM Jokers2020 KUALA LUMPUR (Feb 11): Shareholders of Tenaga Nasional Bhd have given the green light for the company to undertake an internal reorganisation to split its core businesses into separate holding companies. At the company’s court-convened meeting today, 99.99% of TNB’s shareholders have approved the proposal, TNB said in a filing. The internal reorganisation involves the transfer of TNB’s power generation assets within Malaysia to TNB Power Generation Sdn Bhd. Meanwhile, TNB is also transferring its assets in the retail business into TNB Retail Sdn Bhd. This would leave TNB’s transmission and distribution assets — which falls within TNB’s regulated business — with the holding company. TNB has said previously each business entity shall be under the purview of a separate board and management team, following the reorganisation. “This is in line with our company’s strategic transformation plan, Reimagining TNB, which aims to prepare our company for the upcoming reforms in the electricity supply industry in Malaysia,” TNB had said in its explanatory statement to shareholders. Shares of TNB rose 14 sen or 1.12% to RM12.64 today, giving it a market capitalisation of RM71.88 billion. Will this be good for TNB? 12/02/2020 12:50 AM kong73 Yes it will be good because tenaga bhd will be cushion by the business risk associated with retail and power generation. It also opportunity to do ipo for retail and power generation fo create more value to tenaga shareholders 12/02/2020 7:24 PM BAIfund FINTEC GLOBAL BERHAD - TRADING OF SHARES IN FOCUS DYNAMICS GROUP BERHAD, TENAGA NASIONAL BERHAD AND SEACERA GROUP BERHAD 1. INTRODUCTION The Board of Director of FINTEC wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd., that is principally involved in the trading of marketable securities has performed the following transactions:- (a) (b) On 19 December 2019, acquired in aggregate 0.08% or 1,700,000 ordinary shares of Focus Dynamics Group Berhad (“Focus”) for an aggregate sum of RM759,005.53 (“Purchase Consideration”) in cash from the open market (hereinafter referred to as the “Acquisition”); and On 16 December 2019, 19 December 2019 and 31 December 2019, acquired in aggregate 0.01% or 530,200 ordinary shares of Tenaga Nasional Berhad (“Tenaga”) for an aggregate sum of RM7,017,224.90 (“Purchase Consideration”) in cash from the open market (hereinafter referred to as the “Acquisition”); and (c) On 13 December 2019, 16 December 2019 and 18 December 2019, acquired in aggregate 1.31% or 6,300,000 ordinary shares of Seacera Group Berhad (“Seacera”) for an aggregate sum of RM2,287,050.62 (“Purchase Consideration”) in cash from the open market (exclude interest rate of 3.0% per annum) (hereinafter referred to as the “Acquisition”); (Collectively referred to as “Transactions”). 2. DETAILS OF THE TRANSACTIONS 2.1 Information on Focus Focus is a public listed company listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) and with its subsidiary companies, are principally involved in operating and managing foods and beverages (“F&B”) business, property investment and management as well as provision of engineering services. 2.2 Information on Tenaga Tenaga is the largest electricity utility in Malaysia, with its core business of providing electricity to the country’s business, homes, and industries. Its activities represent the entire electricity production and supply value chain. Tenaga is listed on the Main Market of Bursa Securities. 2.3Information on Seacera Seacera is a public listed company listed on the Main Market of Bursa Securities and with its subsidiary companies, are principally involved in manufacturing of ceramics tiles, property development and construction activities. 2.4 Basis of Arriving at the Consideration The Purchase Consideration were based on the prevailing market price at the point of purchase. 2.5 Funding of the Acquisition The Acquisition was funded entirely from internally generated funds as well as borrowings of the Company. The following is the breakdown of the funding for the Transactions: Internally Generated Funds Focus RM 759,005.53 Tenaga RM7,017,224.90 Borrowings Seacera RM 2,287,050.62 (1) Note: (1) The borrowings used for the acquisition of Seacera’s shares was obtained from Lazarus Capital Partners as announced on 18 November 2019. 20/02/2020 11:28 AM  |
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