Bursa Malaysia Stock Watch
Tenaga Nasional: Maintain Buy - Lower Coal Price Excites Tenaga
kltrader
Publish date: Thu, 21 Jun 2012, 09:10 AM
kltrader
0 20,246
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Coal boost. Coal prices have retreated by over 20% in the past three months in tandem with the global commodity selloff. This is beneficial for Tenaga as coal is its single largest cost component (~21% of total cost). Every USD1/tonne decrease in average coal prices for FY8/12 will boost earnings by MYR47m or +1.8% from our base forecast profit. There is significant scope for earnings upgrades if the current situation persists. Maintain BUY, with an unchanged TP of MYR7.40/share based on FY8/13 PER of 13x, in line with its historical average PER.
Click here for full report
Source: Maybank Research - 21 June 2012
Click here for full report
Source: Maybank Research - 21 June 2012
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-05-17
TENAGA2024-05-17
TENAGA2024-05-17
TENAGA2024-05-17
TENAGA2024-05-16
TENAGA2024-05-16
TENAGA2024-05-16
TENAGA2024-05-16
TENAGA2024-05-16
TENAGA2024-05-16
TENAGA2024-05-16
TENAGA
2024-05-15
TENAGA2024-05-15
TENAGA2024-05-15
TENAGA2024-05-14
TENAGA2024-05-14
TENAGA2024-05-14
TENAGA2024-05-14
TENAGA2024-05-13
TENAGA2024-05-13
TENAGA2024-05-13
TENAGAMore articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Don't Miss Out: Up to USD1,000 in Our Lucky Draw!
Apps
Top Articles
1
The Alpha Trader
2
AnimatedMotion
3
THE INVESTMENT APPROACH OF CALVIN TAN
4
Good Articles to Share
5
Good Articles to Share
People are turning to these alternative routes amid strong desire for money: CEO
6
Good Articles to Share
7
Good Articles to Share
Ukraine says Russian shelling targets civilians in Kharkiv region
8
Good Articles to Share
F1 driver Max Verstappen on the departure of his design chief #sports #shorts
#
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....
