AmInvest Research Reports
Tenaga Nasional - Sells Liberty Power for US$54.5mil
AmInvest
Publish date: Wed, 01 Dec 2021, 10:07 AM
AmInvest
0 8,750
An official blog in I3investor to publish research reports provided by AmInvest research team.
All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
- Tenaga Nasional (TNB) has completed the divestment of TNB Liberty Power to AsiaPak Investments Ltd for US$54.5mil or RM228.4mil.
- AsiaPak Investments is a private investment company based in Pakistan and Hong Kong.
- Liberty Power owns and operates a 235MW combined cycle gas power plant that was commissioned in 2001. The power plant is located in Pakistan.
- This development is not a surprise. TNB has alluded to its intention to divest Liberty Power previously.
- Liberty Power is not a major earnings generator. Liberty Power accounted for RM290.0mil or only 0.8% of TNB’s revenue of RM36.9bil in 9MFY21.
- The disposal of Liberty Power is in line with TNB’s strategy to exit non-strategic markets and focus on renewable energy.
- TNB is expected to record a small gain on disposal of US$5.3mil or RM22.0mil.
- We maintain BUY on TNB with a fair value of RM12.00/share.
Source: AmInvest Research - 1 Dec 2021
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-04-19
TENAGA2024-04-19
TENAGA2024-04-19
TENAGA2024-04-18
TENAGA2024-04-18
TENAGA2024-04-17
TENAGA2024-04-17
TENAGA2024-04-17
TENAGA2024-04-17
TENAGA2024-04-17
TENAGA2024-04-17
TENAGA2024-04-17
TENAGA
2024-04-16
TENAGA2024-04-16
TENAGA2024-04-16
TENAGA2024-04-16
TENAGA2024-04-15
TENAGA2024-04-15
TENAGA2024-04-15
TENAGA2024-04-15
TENAGA2024-04-15
TENAGA2024-04-15
TENAGA2024-04-15
TENAGAMore articles on AmInvest Research Reports
IGB REIT - Temporary Rental Loss in 2QFY24 for Reconfiguration Work
Created by AmInvest | Apr 18, 2024
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
MQ Trading Signals
Time
Signal
Duration
Type
2024-04-19 16:55:00
EMA 5
5 Mins
SELL
2024-04-19 16:40:00
EMA 5
10 Mins
BUY
2024-04-19 16:40:00
EMA 5
5 Mins
BUY
2024-04-19 16:40:00
MACD/RSI
5 Mins
BUY
2024-04-19 16:30:00
EMA 5
5 Mins
SELL
Apps
Top Articles
2
3
4
Koon Yew Yin's Blog
5
Good Articles to Share
Slower US Fed pivot weakens rate-cut bets across emerging Asia
6
7
Good Articles to Share
8
Good Articles to Share
Bank of America CEO talks earnings, consumer spending, and inflation
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Star111
haha, seems like tenaga pay a lot for advisors to pump up the image. need to sell main income generator indicated sth unspoken.kekeke
2021-12-06 17:57