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Corporate News

Electricity tariffs likely to be maintained

PETALING JAYA: Government-linked companies have come under the spotlight, with the Government saying there is a need to review their role. However, as far as the energy sector is concerned, analysts believe that the Government is committed to carrying out reforms, boding well for Tenaga Nasional Bhd (TNB).

Analyst Reports

Tenaga Q1 FY18 core net profit within forecast, says CIMB Research

KUALA LUMPUR: Tenaga Nasional’s 1QFY18 core net profit was within expectations at 29% of CIMB Equities Research and 28% of Bloomberg consensus full-year forecasts due to seasonality.

Business

Power utilities sector remains a defensive play

PETALING JAYA: The power utilities sector remains a top bet for investors looking for defensive play, in view of the uncertainties related to the upcoming general election.

Analyst Reports

Kenanga remains bullish on TNB

KUALA LUMPUR: Kenanga Research said Tenaga Nasional Bhd's FYE Dec 2017 core earnings of RM2.04bil came in within expectation while the 21.41 sen net dividend per share declared in the shortened four-month financial period was higher than its estimate of 14.2 sen.

Corporate News

TNB first quarter net profit rises to RM2.16bil

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) net profit rose by 23.6% to RM2.16bil in the first quarter ended Nov 30, 2017 compared with RM1.79bil made in the same quarter in the previous year, boosted by the stronger ringgit that translated into a foreign exchange gain of RM294mil.

Corporate News

TNB reports steady operating profit

KUALA LUMPUR: Tenaga Nasional Bhd said its operating profit in the first quarter ended Nov 30 was flattish at RM2.34bil, as the increase in revenue from higher electricity sales was offset by a jump in expenses.

Business

Click and mortar

BUY online and pick up in-store. Lots of retailers are now offering this option in the US and elsewhere in more developed markets. Malls in Malaysia are already looking into it in the face of growing competition from e-commerce sales. In the future, instead of brick-and-mortar, Malaysian malls and retailers will be offering click-and-mortar services too.

Analyst Reports

CIMB Research retains Tenaga target price at RM17.60

KUALA LUMPUR: CIMB Equities Research is maintaining its target price of RM17.60 for Tenaga Nasional pegged to a CY19F price-to-earnings (P/E) of 14 times, the sector average.

Analyst Reports

CIMB Research keeps Add call for Tenaga

KUALA LUMPUR: CIMB Equities Research is keeping its Add call for Tenaga Nasional and raised the target price to RM17.60 as its current undemanding valuation was largely due to uncertainty over the tariff review for Regulatory Period 2 (RP2, 2018-2020).

Corporate News

EC: Electricity rebate not funded by taxpayers

PUTRAJAYA: The imbalance cost pass through (ICPT) rebate that is seen in the electricity bill is not funded by taxpayers money, said the Energy Commission (EC).