Highlights
KLSE: TENAGA (5347)       TENAGA NASIONAL BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
9.99   +0.18 (1.83%)  9.83 - 9.99  7,554,400
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Overview

Market Cap: 57,204 Million
NOSH: 5,726 Million
Avg Volume (4 weeks):5,211,773
4 Weeks Range:9.78 - 10.56
4 Weeks Price Volatility (%):
26.92%
52 Weeks Range:9.50 - 11.48
52 Weeks Price Volatility (%):
24.75%
Average Price Target: 12.22
Price Target Upside/Downside: +2.23

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2021 [#2]  |  26-Aug-2021
Next QR | Est. Ann. Date: 30-Sep-2021  |  26-Nov-2021
T4Q P/E | EY: 14.29  |  7.00%
T4Q DY | Payout %: 7.97%  |  113.96%
T4Q NAPS | P/NAPS: 9.6559  |  1.03
T4Q NP Margin | ROE: 8.88%  |  7.24%

Headlines

Date Subject
21-Sep-2021 Strategy - Assessing impact from Evergrande’s debt crisis
17-Sep-2021 Traders Brief - Consolidation to Continue
13-Sep-2021 50亿建水力发电厂 国能扩再生能源迈小步
09-Sep-2021 更多太阳能工程将释出 原料价格高涨成隐忧
08-Sep-2021 【行家论股/视频】国家能源 丹州项目需时入账
08-Sep-2021 Tenaga National Berhad - Developing 300MW Hydro Power Plant
08-Sep-2021 Mplus Market Pulse - 8 Sept 2021
08-Sep-2021 Tenaga Nasional - To develop 300MW Nenggiri hydro plant
07-Sep-2021 TNB to develop a 300mw hydroelectric power plant in Kelantan
07-Sep-2021 “TNB’s tariff methodology suppresses remuneration of its employees” By Sharan Raj
02-Sep-2021 2QCY21 Results Review - A Better Quarter
01-Sep-2021 Strategy - Malaysia: Turning the corner
31-Aug-2021 TNB spreads positive energy with National day video
30-Aug-2021 Tenaga Nasional - Sustainability With Clean Energy
29-Aug-2021 [转贴] [Video:浅谈TENAGA NASIONAL BHD, TENAGA, 5347] - James的股票投资James Share Investing
27-Aug-2021 Mplus Market Pulse - 27 Aug 2021
27-Aug-2021 Tenaga Nasional Berhad - Within Expectations
27-Aug-2021 Tenaga Nasional Bhd - A Solid Quarter
27-Aug-2021 Tenaga Nasional - Electricity sales volume still decent
27-Aug-2021 Tenaga Nasional - Good Showing

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.
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  14 people like this.
 
freddiehero drop kaw kaw..
20/09/2021 3:51 PM
garychee8 MARI MARI 9.60-9.70
20/09/2021 3:57 PM
kong73 i wish i have a spare 5k to pick up sum more...sale price due to concern with china property company
20/09/2021 4:21 PM
kong73 Evergrande grew to be one of China's biggest companies by borrowing more than $300bn (£217bn).

Last year, Beijing brought in new rules to control the amount owed by big real estate developers.

The new measures led Evergrande to offer its properties at major discounts to ensure money was coming in to keep the business afloat.

Now, it is struggling to meet the interest payments on its debts.

This uncertainty has seen Evergrande's share price tumble by around 85% this year. Its bonds have also been downgraded by global credit ratings agencies.
20/09/2021 4:21 PM
kong73 What does Evergrande do?
Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China.

Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China.

The broader Evergrande Group now encompasses far more than just real estate development.

Its businesses range from wealth management, making electric cars and food and drink manufacturing. It even owns one of country's biggest football teams - Guangzhou FC.

Mr Hui has a personal fortune of around $10.6bn, according to Forbes.
20/09/2021 4:22 PM
kong73 The very serious potential fallout of such a heavily-indebted company collapsing has led some analysts to suggest that Beijing may step in to rescue it.

The EIU's Mattie Bekink thinks so: "Rather than risk disrupting supply chains and enraging homeowners, we think the government will probably find a way to ensure Evergrande's core business survives."

Others though are not sure.

In a post on China's chat app and social media platform WeChat, the influential editor-in-chief of state-backed Global Times newspaper Hu Xijin said Evergrande should not rely on a government bailout and instead needs to save itself.

This also chimes with Beijing's aim to rein in corporate debt, which means that such a high profile bailout could be seen as setting a bad example.
20/09/2021 4:23 PM
Gkhan evergrande not selling electricity la.it will not effect tenaga
20/09/2021 5:14 PM
PunTatBerSiul RM 8.50 coming soon
20/09/2021 5:16 PM
flyhub888 kaw kaw deal now
20/09/2021 5:25 PM
kotatata Many kena cut vegetables ;(
20/09/2021 5:37 PM
jianwei90 hahaha economy reopening and dividend yield also not bad but price going down..
20/09/2021 6:24 PM
Juliana Tenaga kuat
20/09/2021 7:45 PM
peter Too 8.50=all.in
20/09/2021 8:49 PM
kong73 Housing bubble in China is collapsing…mark my word..like 2008 when one huge indebted corporation collapse…this is serious. Look at this week market sell off in Asian markets!!
20/09/2021 9:51 PM
kew2010 up up up!
21/09/2021 9:26 AM
mokluhanj21 MARKET ON SALE, I DUNNO WHAT TO BUY HELPPPP...what to buy ah? help na kap :P
21/09/2021 2:10 PM
koowakzai Dont buy. Wait another correction from US
21/09/2021 2:11 PM
mokluhanj21 OK thank you. btw, hoping Tenaga go to 9...need the dividends for old age :/
21/09/2021 3:18 PM
kong73 https://www.theedgemarkets.com/article/evergrande-woes-hit-japans-toilet-airconditioner-and-paint-manufacturers#:~:text=TOKYO%20(Sept%2021,1.70%20trillion)%20assets.
21/09/2021 4:42 PM
kong73 Lehman filed for bankruptcy on September 15, 2008, with $639 billion in assets and $619 billion in debt with 25000 employees due to US housing bubble burst.
21/09/2021 4:46 PM
kong73 On a more immediate basis, Evergrande has over $300 billion due for repayment to investors, lenders, and suppliers. “Evergrande Group’s total liability size is ~$313 billion, which is ~6.5% of the total liability of the Chinese property sector. In terms of total offshore bonds outstanding, Evergrande Group has ~$19 billion, which is equivalent to roughly 9% of the total offshore bond market and 12% of the total HY offshore bond market,” analysts at UBS wrote in a note last week. This was around the same time when China’s Ministry of Housing and Urban-Rural Development told banks that Evergrande would not be able to meet its debt obligations that started yesterday.

Even the Minister came out and declare Evergrande tak cukup duit nak bayar
21/09/2021 4:50 PM
kong73 @koowakzai - you are giving good advise.
21/09/2021 4:51 PM
DickyMe3 "Posted by OnTime > Sep 21, 2021 3:32 PM | Report Abuse

$200-$300billion is 1.3% of China's gdp. When Lehman Brothers collapsed in 2008 its debt was $35TRILLION, twice the gdp of the USA. So why worry?"

==========================

$35 Trillion??

Don't exaggerate,LOL
21/09/2021 4:52 PM
kong73 The fear of the Evergrande group’s default on repayments spreading across the globe has forced a sell-off in global markets, including India. On Wall Street, the Dow Jones tanked 1.78% on Monday while the S&P 500 fell 1.7%. While Chinese stock markets are closed for a holiday today, Hang Seng is down 3.5% since the end of last week. Similarly, Japanese equity indices Topix and Nikkei 225 are down more than 1.5% each. Evergrande, listed in Hong Kong, has dived 16.4% this week already. The stock is down 84.5% year to date.

The spill-over has also caused Dalal Street to tumble, falling nearly 1% yesterday with domestic steel stocks taking the heat. Today as well, Sensex and Nifty were under pressure, trading in the red.
21/09/2021 4:53 PM
Junichiro Wall Street’s Message on Evergrande: China Has It Under Control
Stock Markets3 hours ago (Sep 21, 2021 05:18AM ET)
21/09/2021 8:25 PM
grimlock Most real estate buyers in China are actually cash buyers (*even those took mortgage could afford full cash down) so Evergrande's cash crunch problem wouldn't spread or affect much on the mortgage banking circle with minimal credit risks. However the risks are weighed in on its bondholders or entities the lend evergrande the monies. That is why u saw major stakeholders and executives sold or pare down their holdings. On another front, the CCP will not let evergrande fail to contain a ripple effect on China's economy. That could be why there wasn't a market meltdown at least for the time being.
22/09/2021 7:38 AM
mf S&P 500 Ends Lower as China-led Global Growth Worries Persist; Fed Eyed
Stock Markets
By Yasin Ebrahim Investing.com – The S&P 500 slipped Tuesday, as an intraday rebound faded amid slowing global growth worries and...
22/09/2021 8:46 AM
Stock beginner grimlock, are you sure about china estate buyer are cash buyers?
I saw numbers of news about they gathering and borrowing money from relatives just to have enough down payment. some even use credit card cash advance.

Those are the one impact the most, as they will have to pay back those borrowing yet their house is become abandoned project
22/09/2021 9:21 AM
r12047 Tenaga ex date is 29/sept. That means should hold till end of 28/Sept to entitle for the divident?
22/09/2021 10:39 AM
choysun Yes correct. But why would you wanna sell even after ex? At this price, I think good to keep long term :)
22/09/2021 3:37 PM
PelitaAlam Post removed. Why?
22/09/2021 3:38 PM
choysun 8.50? Dalam mimpi :p
22/09/2021 6:02 PM
Karma4444 Gas price increasing will eat tnb profits
22/09/2021 6:57 PM
linges even if drop to 9.50, many won’t dare to press ‘buy’ button…ha ha

8.50..lagi lah..
22/09/2021 8:40 PM
Karma4444 Klci cannot keep long term
22/09/2021 8:56 PM
Karma4444 Us stock only can keep long term
22/09/2021 8:57 PM
choysun Karma4444 going everywhere to scare and accumulate... Hahaha
23/09/2021 12:40 AM
jeffchan1901 karma4444 is like chicken little.. running everywhere shouting 'sky is falling down!.... sky is falling down!' hahaha
23/09/2021 8:00 AM
junkit 马股中的高股息股 - TENAGA:
https://youtu.be/Ff64GfK6E1w
23/09/2021 11:22 AM
Valgrovest Dividend coming - big funds are accumulating.
23/09/2021 12:03 PM
vcinvestor quite the opposite, EPF has been disposing shares - 15mil in september alone.
23/09/2021 12:21 PM
Valgrovest EPF may have different strategy. Sometimes they do the opposite.
23/09/2021 12:23 PM
prudentinvestor EPF has to sell to raise funds to pay i sinar withdrawals.
23/09/2021 12:36 PM
jinghee china goreng utility sector already, what is the logic behind?
23/09/2021 1:56 PM
Keyman188 Wahhhh...seem like going back above 10.00 again...

Keyman188 really happy holding by receiving more than 10% return on dividend yield...


BRAVO...OLEH...OLEH...OLEH...
23/09/2021 2:44 PM
choysun Topped up just at the right time this round :)
23/09/2021 7:15 PM
cascade Bought @9.8 and seeing some gains now, bravo!
23/09/2021 7:34 PM
Valgrovest Good closing at 9.99. Everyday can go up like today how nice!
23/09/2021 8:07 PM
kong73 Make Tenaga the bedrock of your portfolio
24/09/2021 12:49 AM
kong73 SUZHOU/SHENZHEN: At an eerily quiet construction site in eastern China' Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.

The pair, united like legions of others by their connections to the vast China Evergrande Group, show the scale of the challenge facing the Chinese government in managing its financial woes, although economists downplay the risk of a "Lehman moment" style collapse.

Evergrande, with outstanding debts of US$305 billion, recently stopped repaying some investors and suppliers and halted building work at projects across the country, setting off global alarm bells over upcoming interest payments.

Li, who says he has not been paid since August, is doing minimal maintenance among half-finished apartment blocs whose outer shells hide rubble-filled interiors. Sand and concrete slabs cover a just-finished marble floor in one future home.

"In the past two days I’ve been planning to go to the government," he said. "What can I do? Soon I’ll have no food to eat. If I have no food to eat I’ll have to go to the government to eat.”

Xie put 380,000 yuan (US$58,770) of savings into a wealth management product sold by Evergrande and says she did not receive a payout of 30,000 yuan due to her earlier this month.

"It's all my savings. I was planning to use it for me and my partner's old age. I worked day and night saving, now it's game over," said Xie, who was told that the wealth management product that she bought would yield 7.5% a year.

"Evergrande is one of China's biggest real estate companies ... my consultant told me the product was guaranteed."

Xie still hopes to be able to redeem her investment, one of billions of yuan in wealth management products (WMPs) sold by Evergrande, but she is not satisfied with any of the options suggested so far, which include the offer of property.

Evergrande did not immediately reply to a request for comment, but chairman Hui Ka Yan told a late-night meeting on Wednesday that the top priority is to help investors redeem their products and that home deliveries should be ensured.
Protests

Angry homebuyers and retail investors launched protests in several cities in recent weeks — anathema to China's stability-obsessed ruling Communist Party.

Property accounts for 40% of assets owned by Chinese households, according to Macquarie, which means contagion from a potentially messy Evergrande collapse could reverberate beyond households and investors to suppliers and construction workers.

A crackdown on debt in the sector has ended a freewheeling era of building with borrowed money which became infamous for ghost cities and roads to nowhere.

"It is important from a social stability standpoint to make sure that Chinese retail investors get their money back and that homebuyers get their homes delivered," said Carlos Casanova, senior economist for Asia at Union Bancaire Privee.

Analysts at Capital Economics estimated that as of end-June, Evergrande still had to complete around 1.4 million properties, around 1.3 trillion yuan (US$202 billion) in pre-sale liabilities.

One woman who bought an Evergrande property in the northeastern city of Shenyang and asked not to be identified has been waiting since April 2020.

She said she is spending 3,000 yuan a month on mortgage repayments on the 600,000 yuan she has already put down but that the building site is now closed and she doubts Evergrande will make its latest delivery deadline of Dec. 30.

Meanwhile, roughly 40 billion yuan of the group's WMPs are outstanding, a sales manager at Evergrande Wealth told Reuters previously.

More than 80,000 people — including employees, their families and friends as well as owners of Evergrande properties — bought WMPs that raised more than 100 billion yuan in the past five years, the sales manager told Reuters, lured by the promise of yields approaching 12%.

Regulators summoned Evergrande's executives last month and issued a rare warning that the company needs to reduce its debt risks and prioritise stability.


- Reuters
24/09/2021 12:50 AM


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