TreeTopView

As I said buddy, it was a total headf*ck going through the report but once I started I couldn't stop. Perhaps I should have had a bottle of wine next to me as I tried to work it out !!...lol

Many will just look at the bottom line and EPS and decide that it was a poor quarterly. For me, there are just too many moving parts to say definitively that it's a fail. The ICPT payment deliveries with related interest costs and Prosperity Tax really cloud their actual performance, imo.

Anyway, let's see if it can bounce off that 9.44 Fib point, at least for the short term.

3 weeks ago

M55555

If want to keep 2 to 3 years , going down is good wat..... best is going below 9 again and collect more to average down more

3 weeks ago

TreeTopView

No thanks, M55555......we have already been through that cycle and I'm not keen on going back there :)

3 weeks ago

KimSua

All in all the major IB analyst are not bashing the stock. To me just retailers are selling and a correction before it move ups further. This quarter does not define the long term prospects of TNB. Good news is no more cukai makmur, no more EPF 3.0 withdrawal, coal price continue to reduce, ICPT payments seems more predictable. It seems dividend is irrelevant at this point of time.

3 weeks ago

Deekay

Thanks for insights, TTV & Kimsua

3 weeks ago

TreeTopView

Analysts see TNB’s receivables at peak, recommend ‘buy’ on improving cash flow.

https://www.theedgemarkets.com/node/657121

3 weeks ago

planta2

Wow drop 27sen. Should have run at rm10. Haiyaa

3 weeks ago

prudentinvestor

Didn't perform as well as bank stocks. The recent bull run of Tenaga, from RM7.89 to RM10.00 in just 4 to 5 months is probably too much.

3 weeks ago

speakup

TP12

3 weeks ago

KimSua

Shorts are active again, since yesterday not much ~50K shares were shorted, today will continue now at 0.17% net short position. How low will it go until the dividend ex date. Usually they will need to cover the shorts to prevent the 0.26 div payment unless it is too lucrative to short it down further. Longer wait :(

3 weeks ago

Deekay

Shorts having their field day again huh...

3 weeks ago

speakup

dropped so much despite giving out big dividend

3 weeks ago

snowball2000

rightly so, i guessed. receivables at all time high. while some analysts opined that this has peaked, is the recoverability assured?

3 weeks ago

TreeTopView

Yes, as stated by the Ministry and Tenaga Execs..

3 weeks ago

Novice296

The board declared a final single-tier dividend of 26 sen per share, with the payment date to be announced in due course, bringing the year’s total to 46 sen per share.

the year - their financial year? our calendar year?

3 weeks ago

Novice296

anyone has issue accessing the MYTNB portal?

3 weeks ago

TreeTopView

Tenaga's financial year is the same as the calendar year.

FY22 ended on December 31, 2022.

3 weeks ago

Deekay

Yo-yo back...

TTT, like you say, we must have the stomach to take in swings like this...hahaha

3 weeks ago

TreeTopView

Hi Deekay, correct as we are mere pawns in the bigger picture, so have to ride the waves.

One mildly interesting point, since the release of the quarterly there has been very little shorting.......48k on Tuesday and 100 shares yesterday.
Prior to that there had been very little shorting, perhaps a few days of 10k or so but they were never added to the net short position, as they were shorted and covered on the same day. For 8 trading days prior to the quarterly there was no net change to the overall short positions.

Not earth shattering news but I find it mildly interesting.

I'll be a bit happier if it breaks above 9.44 and heads to 9.62 in the short term. Ex Date should be around the 30th March, imo.

3 weeks ago

KimSua

I was a bit concern on the tues start of short due to no buying power, support the 48K translate to 30 cents drop. But the buying support did come in. I think fundamentals are too strong will be foolish to short it further and reach its real value/TP. Its the macro economy that is jittery at the moment impacting the big funds.

3 weeks ago

TreeTopView

It was a toss up between doing a morning of gardening, or having a lazy breakfast and looking at some charts........thankfully my brain chose the easier option :).
So, I'll do some word doodling on my thoughts on the KLCI and perhaps a bit on Tenaga. Don't yawn, guys, I'm only trying to entertain myself :)

Firstly, the KLCI.........yet another lacklustre week with the previous Friday's close of 1,456 and yesterday's close (Friday) of 1,453. Not a lot to get excited about there, although there was a period of mild concern on Wednesday. I'd targetted 1,440- 1,445 as a bit of a danger area and didn't want to see the KLCI close below 1,440. When it hit an intraday low of 1,444 my immediate concern was that a breakdown could possibly lead to an eventual drop to 1,420.
Thankfully it bounced and finished on Wednesday at 1,450, and since then it has ever so slightly eased up.

If I was to use my gut feeling (a new technical term :) ), I'd say the 1,440- 1,445 will hold and not be broken. I've really got nothing tangible to make that claim, other than my own personal sentiment. A break below 1,440 is probably not out of the question and a new target of 1,420 would come into play......but for now I'm betting against that happening, particularly now that many companies have just delivered their quarterlies and we know the good and bad to take notice of.

The KLCI currently needs a catalyst to give it some momentum and I'm not too sure where that will come from yet. Whether the "some companies are oversold in the KLCI" mantra will work to engage new buyers is yet to be seen, although it is a good reason for the likes of EPF and other Fund managers to give some of the KLCI components a bit of a tickle.

Onto Tenaga.........it's probably fair to say (obvious) that the quarterly wasn't received well by some. To me, some of the perceived positives and negatives are probably up for debate but we'd probably end up going round in circles if we were to try.
The bottom line is that the price fell once it was released, no argument there. What has been a surprise is the total lack of new shorts, keeping in mind that it was trading recently at 9.90 to 10.00. It seems odd that the Funds didn't use those price points as an area to batter the stock. It didn't happen and I view that as a plus.

Fib. points were broken all the way down BUT it didn't break below 9.15 which was a minor victory, as it bounced off 9.18. The current daily trade of choice is to knock it back down on small volume in early morning trade, then consolidate, then move up towards closing. Currently sitting at 9.40, I'd like to see a break of 9.44 then a move towards our old friend 9.62 to keep any short term momentum going.

In closing, some of the charts I have looked at this morning are showing early signs of a potential upward move in the next week or two, so my leaning is towards an eventual upward move of the KLCI. How weak or strong that move could be is impossible to tell, imo.

If you've lasted this long in reading this crap, well done!! It could be worse, I could be sitting next to you in a pub and I could go on for hours...lol

Have a great weekend, Tenagers.

3 weeks ago

Deekay

Hehehe… thanks for the long write up, TTV. Read everything. I have also notice about the morning sell down and afternoon climb. Manage to get a little on Friday morning and the price climbed already after the break. I guess the next week will be the same.

3 weeks ago

i3lurker

yeah TNB will be sending Bills to its own substations since all Johor districts under flood

2 weeks ago

speakup

Super undervalued

2 weeks ago

flyhub888

super duper undervalue ..

2 weeks ago

KimSua

When we get worried about our investment's decision, we tend to research more ! But with TNB a strong barometer for the KLSE and country economy, I am lest worried. This week we will know if Bank Negara will raise interest rates or hold it till the next meeting. With USD strengthening again, hopefully they will react faster. We have to monitor the dollar index to see where the money will flow and also oil prices seems to benefit MYR. Anyway most analyst project USD to weakened by 2nd half of the year. China opening will also help in this as a top trading partner. Slow and steady my dear friend. KLSE is not so easy to make money anymore, I was hoping for a better days ahead, but still no sign of the bull.

2 weeks ago

Deekay

The bull needs some red bulls to stay awake... :D

2 weeks ago

Kenokaya

Betol ker dividend 26 sen?

2 weeks ago

cwc1981

Betul dun worry

2 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/2023-03-09-story-h-296298027

2 weeks ago

pang72

Tenaga can generate profit but high debt. This is typical utilities company. Avoid in the mean time

2 weeks ago

LadyRepins

".. additional assessment (“Notice”) dated 13 July 2020 for the sum of RM1,812,506,384.64 for the year of assessment 2018 by the Inland Revenue Board of Malaysia (“IRB”) .."

There's an announcment from TNB wrt; I wonder how does this impact TNB share price? Court hearing is 19th Sep 2023.

2 weeks ago

hhhiii123

just buy, very strong result next qtr, after Jun government going imposed higher tariff on MNC again and maybe T20, buy buy buy and collect dividend

1 week ago

Cozy90

Getting stronger, dividend 99

1 week ago

cwc1981

Dividend 99?

1 week ago

KimSua

Another red sea today? Banking will take a hit today. Recession proof stocks should weather it better. Coal price continue to drop to nearly 60% from peak mid 2022. Oil price drop inverse with us dollar index. I strongly believe will not be a contagion similar to Lehman Brothers. The big banks are now very regulated including in malaysia. However confidence is shaken and people will move to less risky financial assets like treasury bonds which short term yield is more then the long term. (inverted yield curve) . I will wait and see how the market moves and how bad the banks gets hit. Hang on tight

1 week ago

speakup

limit up!

1 week ago

hw0706

TNB SPLIT UNIT..

1 week ago

cwc1981

Separate listing?

1 week ago

cwc1981

Or share split?

1 week ago

speakup

long time ago, there was market talk about TNB splitting company into 2. one in power generation, one in power distribution. but it was denied by TNB. end of story
will it be revived?

1 week ago

cwc1981

Last year TNB official got mentioned going to list RE division to raise capital for renewable energy. It this coming?

1 week ago

KimSua

Genco IPO process already started, will take 1-2 years 2024 earliest based on last year reports.

1 week ago

Cakes Moon

Great defensive stock!!!
Amazing dividend payout plan & potential to go all the way back to RM15!!!

3 days ago

flyhub888

agree this stock is amazing defensive stock. buy and hope to get dividen like kwsp. plus point capital gain

3 days ago

KimSua

Glad the SVB /Swiss credit financial issue did not escalate further to be a global credit issue. Still volatile but less risk now. Tenaga should hold well . Dollar index going down again and if oil price maintains around 75-80 will help global inflation . US FED tightening will end soon in another 3-6 months at least with one more rate hike. Bank negara expect to raise another 0.25 within the next few months. Hope to see clear sky ahead :)

2 days ago

NESARAJAH1

KimSua, u talk facts. Thank you

2 days ago

kong73

Coal price is less than Us140

2 days ago

speakup

Besok limit up

2 days ago

cwc1981

New Chairman profile looks not bad wor

1 day ago