TENAGA NASIONAL BHD

KLSE (MYR): TENAGA (5347)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

9.51

Today's Change

+0.12 (1.28%)

Day's Change

9.36 - 9.52

Trading Volume

1,807,200

Company Announcement


Date Subject
Discussions
17 people like this. Showing 50 of 12,143 comments

cwc1981

Good. Thanks


1 month ago

prudentinvestor

Looks like investors are shying away from the stock market. Maybe people are worried about an impending recession.

1 month ago

Deekay

Window dressing time....

1 month ago

KimSua

Deekay, it has a long wait. Last minute surge for the last 3 days. See if it can break 9.50 for the year end rally. Looking good. Happy New year to all traders

1 month ago

cwc1981

Aiyo last day also want to close in red. Happy New Year

1 month ago

Thirai Thiraviam

@furball: "is getting 8% return on consistent basis from self investing in the stock market possible or a reasonable expectation?"

Investing is fun. If you do not find it so, better leave it to professionals. As to returns, what you get, ultimately, depends on how the benchmark like FBMKLCI performs over a long-period. And, the index unfortunately has not done well for a while. We achieved our highest point eight years ago, in 2014, and we have been going downhill ever since.

So, could you achieve an 8% annualised return by investing in KLSE? Yes, provided you have the ability to 1) identify (through fundamental analysis) a bunch of reasonably well-run companies that potentially could give consistent performance over a long period of time, say, the next 10 years; and 2) be patient and wait for an opportune time -- i.e. when the price of a stock is well below your estimate of its value -- to invest. Easily said than done.

Let's take Tenaga, as an example. I believe most of us here invested in the stock because it is a monopoly, and we cannot imagine a future where Tenaga doesn't exist. So, in that sense, it is a company with a wide moat. Its management, however, is questionable. (I am damn happy that it got rid of its dimwitted Chairman recently. Hopefully, the new guy, whoever he or she is, would hold the SLT's feet to the fire.) If you had invested in the stock in May 2018, you'd have seen the stock literally halving in value (not inclusive of dividends) over the next four years. But, if you had confidence in the stock, you'd have invested in it every time it hits a new bottom, like earlier in the year, when it tested the RM8 mark twice.

This is the question I ask before I take any position in a stock: "Would I be happy if the price of the stock takes a 20% dip in the next month?" If my answer is a firm YES, then I go ahead and commit my funds to it. If NO, I stay away. Simple.

1 month ago

pang72

Only AW can rescue the market like this. TQ!

1 month ago

Deekay

Hahaha..yes, Kimsua. A long wait indeed.

1 month ago

BLee

My investment in 2022 turn negative to positive due to last minute surge of Tenaga. Manage to offload some at RM9.63, TQ Tenaga for the year end bonus..

1 month ago

firehawk

Window dressing or reversal of trend? :-)

1 month ago

Ken Chung

there is heavy local fund buying at auction. also heavy selling by small investor after reaching this level 9.63.expect correction then can buy back at lower level. this stock is on uptrend

1 month ago

TreeTopView

I haven't had much of an opportunity to monitor the market or individual stocks over the past two or three weeks but I was able to watch the last couple of hours on Friday before the New Year break. True to form, the Instos were having their own bit of end of year fun with Tenaga.

Mid afternoon when the price was floating around the 9.40 to 9.45 area, along "they" came and sold it down to 9.31, then within minutes it was back up to 9.45 on heavy volume.

Then we had the close at 9.63, with 12 million shares going through in the closing auction!!

If you want to suffer with paranoia and bi polar disorder, then Tenaga is the stock for you....lol!

I tend to agree with @Ken Chung, when he said that he thinks Tenaga is in an uptrend, however if you are thinking of investing it might be prudent to be prepared for endless Fund and Insto games throughout your journey :)
The price will go wherever the major Funds want it to go, with us mere pawns watching and hoping.

I still hold Tenaga as a long term investment and have no plans to sell in the foreseeable future. I have similar thoughts with the bank stocks I currently own and expect to see them and Tenaga slowly progress throughout 2023, as long as there are no serious global financial downturns. Hold and closely monitor are my thoughts for these blue chips throughout 2023.

Happy New Year to all who participate in this thread........and let's hope there are no major calamities throughout the year.

1 month ago

BLee

Happy New Year 2023 to all who participated in this thread, Tenaga will survive, Calamities or not...Happy Trading

1 month ago

BLee

Unlike Telephone line, there will be only one power grid in Peninsula, all others need to connect to this Tenaga Grid. Due to this Advantage, Tenaga will survive although with further development of RE...

1 month ago

cwc1981

Haiz dropped 33cents yesterday. Today up 7 cents

1 month ago

TreeTopView

Just a bit over 1.1 million shorts recorded covered yesterday.
EPF finally back in buying mode for Tenaga.

Who knows, it might actually start to go up in price one day....lol

1 month ago

TreeTopView

EPF went on a Tenaga spending spree in the last three trading days of 2022.

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 15,745,900 shares on 30-Dec-2022
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 171,900 shares on 30-Dec-2022.
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 3,370,400 shares on 29-Dec-202
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 2,693,600 shares on 28-Dec-2022.

Around 22 million bought in three days, with a value approx. Rm206 million+.

1 month ago

KimSua

Good sign, EPF is not here to lose money. I think will test the recent meaningful high of 9.50 for the third time before it can go up any further. Retailers don't have the funds to do it. Only EPF/KWAP or other Inst Buyers. Accumulation phase and bit of shake out before it can go further.

1 month ago

TreeTopView

Agree, KImSua.

The price will always be at the mercy of the big Funds so no point in fighting that. Hopefully they see Tenaga as I do in 2023, with a RM10.xx handle.

1 month ago

Ken Chung

not a bad finishing price. don't think i can buy back to replenish my stock. tenaga still going strong.

1 month ago

cwc1981

Slowly creeping up

1 month ago

KimSua

3rd time testing the 1 year high of 9.5. Not significant volume but a very good sign IB is slowly accumulating. If buying competition comes expect some quick spike but currently looks like KWAP and EPF is doing the major buying and in control. Very good start of the year.

4 weeks ago

Deekay

Support comes during auction to close at yesterday's closing....looks like 9.50 support level is slowly building up strength. Hopefully.

4 weeks ago

hunterz86

RM10 before cny

4 weeks ago

troy88

Slowly climbing back up. Should eventually be back to RM10+ and above..

4 weeks ago

cwc1981

No Tenaga liao?

3 weeks ago

Income

This is for dividenddddd

3 weeks ago

TreeTopView

Hi KimSua, you said....."3rd time testing the 1 year high of 9.5."

It could be possible sometime this upcoming week, particularly if the KLCI can finally break the 1,500 level. I'm slightly positive for the upcoming week for the KLCI to move above 1,500 but less positive about it taking on break points of 1,515 and 1,530.

If the overall market does try to make a marginal forward move this week, then I'd be looking for Tenaga to take on the top B Band of 9.62.

3 weeks ago

KimSua

We use to have the CNY rally when retailers were a major force in KLSE. Might not happen this year and potential break can only happen during the Q4 earnings report end of Feb. Slow and steady is better compare to the sell down we see during the KWSP withdrawal 1.0/2,0 ....I think too it should break 1500 this week.

3 weeks ago

James Ng

[转贴] [Video:浅谈TENAGA NASIONAL BERHAD, TENAGA, 5347] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2023-01-16-story-h-300999148

3 weeks ago

Mr NoNeedToStudy

today i bought in so sure continue up to rm12 then sell

2 weeks ago

M55555

No up to RM12 also you sure make from DIV payout.

2 weeks ago

KimSua

DOSM IPI reported in Jan 11"The Industrial Production Index (IPI) rose by 4.8 per cent in November 2022 after recording an increase of 4.6 per cent last month. The growth was further augmented by Mining and Manufacturing indices which expanded by 6.1 per cent and 4.8 per cent respectively. In the meantime, the Electricity index turned around to record a positive growth of 1.2 per cent during the month."
TNB revenue should be flat , ~19.1-19.2 Bil range . Operation expense will not be any surprise, all depends on the Q4 taxation. Also the receivables numbers depends on how much TNB has receive so far form the gomen commitment, should be positive based on the media reports. Happy Chinese Newy Year

2 weeks ago

TreeTopView

KimSua, have you taken a look at the chart over the past week or so?............or are you still boozed up or hungover from CNY festivities? :)

1 week ago

prudentinvestor

Tenaga has made really impressive gains over the past 6 months, rising over RM1.50 a share or almost 20% from its lows in July last year. Naysayers who had predicted that it would drop to RM4.50 a share are now keeping their mouth shut.

1 week ago

speakup

Hmmm not yet recovered to pre COVID pandemic levels. Maybe time to buy

1 week ago

KimSua

TTV, no hungover but not enough sleep :) . Yes the charts looks like a long end of the flag pole. By right if it is an uptrend should break the resistance soon , however volume is really too insignificant. The lower low is getting lower meaning less retailer willing to sell . However if you look at MACD /RSI does not look too promising. Cannot really get a confirmation. Better to wait and see and go fundamentals especially the Q4 results. What say you?

1 week ago

KimSua

I just look at the flag pattern cheat sheet :) , it could a non-directional or a rising wedge (potential drop pattern if cannot break the resistance . However if you look at economics and where is the money going to flow. Things like china reopening , inflation rate is under control(interest rate hike to be dovish), oil price benefiting M'sia economy. I still think is on an uptrend and major analyst are advising to look at recession proof stocks. I am choosing utility, OnG and Telco (for the fact that 5G is only happening this year if gomen don't screw it up again !). Good luck to all , nothing is certain , all boils down to your risk appetite.

1 week ago

TreeTopView

Hi KimSua, I'll give an opinion, for what it's worth......rarely any guarantees with Tenaga especially in the past 12 months or so :)

With the steadily increasing tightening of the Bollis, we should be expecting something to give reasonably soon. With the recent slow upward movement since early December, on low volume, my bias is towards an upward move to break the top Bolli Band.

With the quarterly due in about a month's time this may help with the possible move. Along with the quarterly will be the mention of what the Final Dividend will be, I'm not expecting any major surprises there with a guesstimate of around 20 to 22 cents. The ex date for the dividend will probably be March 30, so with that in mind it may also assist with a gradual move upwards in the week's leading up to March 30.

As for the immediate short term, I'd like to see a break upwards of low 9.60's.......a convincing break of 1,500 on the KLCI may help there IF/ WHEN it does eventually break that 1,500 resistance. it's been very stubborn as I thought it would have broke last week but onlu managed to tickle 1,500.

Bottom line, I am slightly hawkish over the next 2 months for Tenaga with an upward bias..... BUT I'd like to see a lot more volume entering the stock if it can break the low 9.60's area.

All the best, KimSua.

1 week ago

TreeTopView

By the way, did you see the 26% drop in coal overnight? Not too sure what's going on there and if it can be sustained.

1 week ago

speakup

wahhhhh! like dat tnb can go rm12

1 week ago

Deekay

Thanks KimSua and TTV for insights....

1 week ago

KimSua

Looks like it..we have to think where is the IB going to park their money? I think coal price drop is gradual with the mild winter in Europe as they have over hedge causing it to rise unrealistical last qtrly. Dirty energy needs to go and coal is the first to go... They are even bringing back nuclear ...anyway Green energy stuff will continue to confuse me.

1 week ago

Deekay

For the DV, i was hoping it to be on the higher end of the 20s like what this analysis is indicating.

https://klse.i3investor.com/web/pricetarget/research/65943

"4QFY22 – Good dividend. Management has guided the earnings for 4QFY22 to be seasonally lower QoQ due to accelerating opex as well as lower contributions from own hydropower generation. We expect core earnings for 4QFY22 to sustain above the RM1bn level, resulting FY22 to achieve RM5.0-5.2bn. Management is confident of concluding at higher end of its dividend payout policy of 30-60% on adjusted net profit for FY22. Back of envelop calculations indicate an attractive 28-30 sen/share for 2HFY22 (vs. 20 sen/share in 1HFY22 and 18 sen/share in 2HFY21)."

1 week ago

TreeTopView

Hi Deekay, I take your point from the report you posted, however I'd rather lean towards the conservative side for now when it comes to the upcoming dividend as there are so many moving parts with Tenaga. I'd be very pleasantly surprised with a 30 cent payout but I won't be banking on it yet.

Had it been the end of FY23 and not FY22 I'd have been more confident due to the effects of the the industrial and commercial subsidies being lifted, therefore less reliance on the government mechanisms of timing of the cash replenishments.

But hey, if they want to give me 30 cents then I'll gladly take it :)

1 week ago

Deekay

Hahahaha....yup, i'll take it too :D

1 week ago

KimSua

No worries the funds are playing to move it up slowly. Shake out slowly to get the weak holders to sell. Similar patterns seen in many key counter. Can only hope the no other major events to break this. Minor resistance at 9.50....more consistence volume at least today. Hopefully we see a solid breakout soon.

6 days ago

cwc1981

Good QR coming?

6 days ago

TreeTopView

The low 9.60's area keeps coming up as a breakout point on any Fib. calcs that I do, more specifically 9.62. That has been the case for more than a month now.
With the ever tightening Bollinger Bands, surely something has to break...........and hopefully that will be to the upside.

We continue to sit and wait for a beak of 1,500 on the KLCI, which should provide an updraught for some blue chips like Tenaga and the banks. I certainly hope so, anyway, as the waiting is becoming very tedious!! :)

4 days ago

Post a Comment