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2022-04-20 14:54 | Report Abuse
"While valuations are attractive and environmental, social and corporate governance concerns seemingly largely priced in, we think the stock is unlikely to rerate significantly in the near term due to lingering concerns over the ICPT mechanism," it said in a note on Tuesday.
The ICPT mechanism allows TNB to reflect changes — either increase or reduction — in fuel and other generation-related costs in the electricity tariff every six months in the form of rebate or surcharge.
According to Maybank IB, TNB, via its wholly-owned subsidiary, Vantage RE Ltd, had acquired 97.3MW of UK's onshore wind farms for £145.9 million from funds advised by Capital Dynamics, an independent asset management firm.
"The acquired portfolio comprises 11 UK sites developed under either the Feed-in Tariff or Renewable Obligation Certificate subsidy regimes, thus providing some degree of revenue stability.
"The acquisition raises Vantage's wind capacity from 433MW to 530MW, and TNB's gross RE capacity from 3,479MW to 3,576MW," it said.
As such, Maybank IB has maintained a "hold" recommendation for TNB, with an unchanged target price (TP) of RM9.30.
Meanwhile, Public Investment Bank (Public IB) has retained its "outperform" call for the counter, with an unchanged discounted cash flow-derived TP of RM12.42.
"TNB's acquisition of a stake in the UK onshore wind portfolio is consistent with the group's strategy to expand its RE portfolio.
"We understand that post-completion of the new assets, Vantage's total operational RE capacity will grow by 23%, which comes as no surprise as TNB already indicated in its recent result briefing that it was looking at a potential acquisition of a new asset in the UK by the second quarter of 2022," it said in a note on Tuesday.
2022-04-20 14:53 | Report Abuse
hmmmmmm no movement today
2022-04-20 14:52 | Report Abuse
overall performance Q2Q so so, but Y2Y i think arbb still consider doing fine
2022-04-20 14:51 | Report Abuse
overall now is beat down price lahh, for those who likes to play around LOW risk : Reward ratio, then ARBB is one of the counter , but still need catalyst nevertheless
2022-04-18 16:38 | Report Abuse
Working experience and occupation After his secondary education in year 1991, Dato' Liu Han Ming ventured into trading of consumers and food products before leaving to Singapore to pursue his career in the construction industry in Year 1994. In 2005, he returned to Malaysia to set up his own business venture, Hup Lee Plantation Sdn. Bhd., mainly involved in agriculture and plantation. Subsequently, he diversified his business into hotel management and set up Rest Inn Hotel Sdn. Bhd. in Year 2010. He further expanded into construction of properties via Twoble Development Sdn. Bhd. in Year 2018 and Classic Vantage Development Sdn. Bhd. in Year 2020. He is also a director and major shareholder of several other private companies mainly dealing in plantations and construction businesses.
2022-04-18 16:36 | Report Abuse
Coal, Petroleum all skyrocketing .. will impact TENAGA
Coal, Petroleum all skyrocketing .. will impact TENAGA
2022-04-18 16:36 | Report Abuse
TTL NET Short % of TTL NSP
Feb 22 6,397,288 0.11
23 7,111,588 0.12
24 7,332,988 0.13
25 7,888,588 0.14
28 8,241,288 0.14
Mar 1 8,203,288 0.14
2 9,179,888 0.16
Shorts are still happening , we cannot see the buy or sell differences in the report but you can observe the buy sell orders activity . The shortist will work hand in hand with EPF since they know when they plan to buy/selll since a year back. Since EPF is signaling to buy, shorties will encourage more volume of sellers to come in via rumours and try to keep the price down. It is game of average of sellling high and buy low for shorties , and big funds to sell high and pick up low
2022-04-18 16:31 | Report Abuse
i prefer to view things in a broader way and gv them some time, everyday rush rush to gv answers no use (all empty promises)
all the only thing i can tell is the after effect of raising fund, the pros and cons, they going to put the money into business and their venturing on hydroponics which most likely reflect on 2H 2022, so gv them some patient since they are starting a new business which different from buying one
2022-04-18 16:20 | Report Abuse
line, day day arbb arbb arbb, your entire comments are ARBB, i think you are biased. listening to you is going to be a bad idea
2022-04-15 14:13 | Report Abuse
0.01, volume means nothing lol
2022-04-15 14:10 | Report Abuse
buy and close eyes
buy and close eyes
buy and close eyes
buy and close eyes
buy and close eyes
buy and close eyes
Stock: [ARBB]: ARB BERHAD
2022-04-21 14:12 | Report Abuse
we are all here talking about goals