Bursa Alert
Global Market
NewsRHB Research sees slight improvement for TNB in 1Q
Page 1 of 1
RHB Research sees slight improvement for TNB in 1Q
by hlk Mon 16 Jan 2012, 13:37
KUALA LUMPUR (Jan 16): RHB Research sees slight improvement in TENAGA NASIONAL BHD []’s performance in the first
quarter of FY2012.
It said on Monday that continued gas shortage will likely result in another loss for TNB in 1QFY12, but slightly lower than
4QFY11.
RHB Research said that gas supplied improved marginally, but was still below 1,000 mmscfd in 1Q.
“Even if fuel cost sharing mechanism is applied post Oct 2011 (assuming gas supply normalises only in FY13), our scenario
analysis suggests a proforma fair value of only RM6.90. There is still upside to TNB, albeit limited.
quarter of FY2012.
It said on Monday that continued gas shortage will likely result in another loss for TNB in 1QFY12, but slightly lower than
4QFY11.
RHB Research said that gas supplied improved marginally, but was still below 1,000 mmscfd in 1Q.
“Even if fuel cost sharing mechanism is applied post Oct 2011 (assuming gas supply normalises only in FY13), our scenario
analysis suggests a proforma fair value of only RM6.90. There is still upside to TNB, albeit limited.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Fed sees risks from Europe, some improvement in U.S.
» Hartalega sees margin improvement of up to 7% on increased capacity
» HDBSVR sees slight positive bias for KLCI
» Many on Fed Want Further Jobs Improvement Before Tapering QE
» Slight setback for CIMB after India exclusion (1023)
» Hartalega sees margin improvement of up to 7% on increased capacity
» HDBSVR sees slight positive bias for KLCI
» Many on Fed Want Further Jobs Improvement Before Tapering QE
» Slight setback for CIMB after India exclusion (1023)
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum