Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  BURSA MALAYSIA  >  Tenaga Nasional Bhd    TENA   MYL5347OO009

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

RAM Ratings reaffirms AA1/Stable rating of Teknologi Tenaga Perlis Consortium’s Sukuk: December 2016

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/08/2016 | 09:46am CET

RAM Ratings has reaffirmed the AA1/Stable rating of Teknologi Tenaga Perlis Consortium Sdn Bhd's (TTPC or the Company) MYR 835 million Sukuk Murabahahh (2013/2023).

The rating reflects the Company's sturdy business profile, which is underscored by the favourable terms of its power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB - TTPC's sole off-taker), the steady operational track record of TTPC's plant and the Company's robust debt-servicing ability.

During the review period, TTPC had operated within the performance limits stipulated in the PPA and earned full available capacity payments (ACPs). While the power plant had faced an operational setback in April 2016, the Company had not incurred any ACP losses during the period, having managed to rectify the issue. Further, TTPC had managed to fully pass through its fuel cost to TNB.

Based on our sensitivity analysis, TTPC is expected to generate an average annual pre-financing cashflow of about MYR 216 million for the remaining tenure of the Sukuk. This translates into a strong minimum finance service coverage ratio (with cash balances, post-distribution) of 1.80 times. Our cashflow analysis has assumed that TTPC will pay optimum dividends while adhering to its financial covenants throughout the Sukuk's tenure on a forward-looking basis, as opposed to only in the year of assessment.

As with other independent power producers, the Company's rating is moderated by inherent regulatory and single-project risks.

TTPC owns and operates a 650-MW combined-cycle, gas-turbine power plant in Kuala Sungai Baru, Perlis, under a 21-yearPPA with TNB, which expires on 31 March 2024.

(c) 2016 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TENAGA NASIONAL BHD
09:46a RAM RATINGS REAFFIRMS AA1/STABLE RAT : December 2016
12/07 TENAGA NASIONAL BHD : supply cut cpore zdkh 0.23mm for 2 unit 45mva 132/33kv pmu..
11/07 GMR INFRASTRUCTURE : Energy allots 30% shares to Tenaga for $300 million
11/05 TENAGA NASIONAL BHD : Gmr energy seals 30% stake sale to tenaga
11/04 GMR INFRASTRUCTURE : Tenaga invests US$300mn in GMR Energy
10/28 ANNOUNCEMENT : Moody's: Tenaga's full-year results are within expectation; Ratin..
10/13 TENAGA NASIONAL BHD : Moody`s assigns A3 rating to Tenaga`s proposed sukuk notes
10/13DJTENAGA NASIONAL BHD : Raises US$750 Million via USD-Denominated Sukuk Offering -..
10/05 TENAGA NASIONAL BHD : Moody`s assigns (P)A3 to Tenaga`s sukuk program
10/05DJTENAGA NASIONAL BHD : Plans USD-Denominated Sukuk Offering -- Document
More news
Sector news : Renewable Utilities
02:58a TOKYO ELECTRIC POWER : Japan to increase loan to Fukushima operator Tepco to $12..
12/06DJORIGIN ENERGY : to Sell Oil-and Gas Operations Through IPO -- Update
12/05DJOrigin Energy to Float Conventional Upstream Business
12/02DJOrigin Energy's New CEO Makes Changes to Leadership Team
11/25DJDOMINION RESOURCES : Saudi Arabia to Skip Meeting With Non-OPEC Producers
More sector news : Renewable Utilities
News from SeekingAlpha
2015 GLOBAL X SOUTHEAST ASIA ETF : Un-Emerging Market
2015 Time To Bottom Shop For Stocks In Malaysia?
2015 EWM : Does This Former Tiger Economy Merit A Closer Look?
2015 Tenaga Nasional - Brace For Explosive Growth Of This Under Covered Electric U..
Advertisement
Financials ( MYR)
Sales 2017 46 680 M
EBIT 2017 9 309 M
Net income 2017 7 624 M
Debt 2017 22 792 M
Yield 2017 2,93%
P/E ratio 2017 10,51
P/E ratio 2018 10,41
EV / Sales 2017 2,18x
EV / Sales 2018 2,09x
Capitalization 79 020 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,9  MYR
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Azman bin Mohammed President, CEO & Executive Director
Amar Leo Moggie Non-Independent Non-Executive Chairman
Fazlur Rahman bin Zainuddin CFO & Vice President-Group Finance
Fazil bin Ibrahim Chief Information Officer
Zainal Abidin bin Putih Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TENAGA NASIONAL BHD17 874
NEXTERA ENERGY INC13.27%54 988
ENEL S.P.A.0.98%43 290
CHINA YANGTZE POWER CO..-2.58%42 071
AGL ENERGY LTD16.48%10 606
GD POWER DEVELOPMENT C..-18.07%9 259
More Results