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

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Tenaga Nasional Bhd : Malaysia's Tenaga Nasional Announces $187 Million in Rebates

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06/29/2016 | 12:38pm CEST
   By Yantoultra Ngui 
 

KUALA LUMPUR, Malaysia--Malaysia's electricity utility, Tenaga Nasional Bhd. (5347.KU), said Wednesday the government has announced a rebate of 1.52 cents per kilowatt-hour from July 1 to the end of the year.

The imbalance cost pass-through mechanism allows Tenaga to reflect changes in fuel and generation costs in consumers' electricity tariff every six months, subject to government approval.

Tenaga said in a stock-exchange filing the rebate totaled 758.0 million ringgit (US$187.0 million) and was made possible due to lower liquefied-natural-gas and coal prices, higher performance of coal-power plants and a reduction in the use of LNG for electricity generation.

Shares of Tenaga ended Wednesday 0.6% higher at 14.06 ringgit a share prior to the announcement. The local benchmark index closed up 0.5%.

Write to Yantoultra Ngui at yantoultra.ngui@wsj.com

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Financials ( MYR)
Sales 2016 44 826 M
EBIT 2016 8 850 M
Net income 2016 7 151 M
Debt 2016 18 403 M
Yield 2016 2,47%
P/E ratio 2016 11,74
P/E ratio 2017 11,19
EV / Sales 2016 2,21x
EV / Sales 2017 2,13x
Capitalization 80 817 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,3  MYR
Spread / Average Target 14%
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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
Kamaruddin bin Mahmood Chief Information Officer
Zainal Abidin bin Putih Senior Independent Non-Executive Director
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