Tenaga to miss earnings estimates

Publish date: Thu, 20 Oct 2011, 10:12 AM
Tenaga Nasional Bhd, Malaysia's biggest power producer, fell 1.6 percent to RM5.46.

The company's full-year earnings due on Oct. 28 will miss consensus estimates on higher fuel costs, CIMB Holdings Bhd wrote in a report today.

Tenaga will report a loss for the second straight quarter and may post a loss in 2012 for the first time in more than a decade, Chief Executive Officer Che Khalib Mohamad Noh said in an interview on Oct. 18. -- Bloomberg

Labels: TENAGA

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carries

Bought this for a long term hold knowing full well it will probably not make a profit for 2011 and 2012 but will most likely be back to normal by 2013 ....

Also bought Maybulk under the same premise ....

But i have faith that they will be able to return to profitability in 2013 .........

2011-10-20 10:58

carries

Tenaga is reporting it's losses (earnings) tomorrow?

The last 2 trading days, it has been moving up ... anyone know why?

2011-10-27 14:21

carries

Announcement of a concession agreement with MAHB ..... no wonder .....

2011-10-27 18:19

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