About Tenaga Nasional Berhad
Tenaga Nasional Berhad (MYX: 5347), dba TNB, is an electric utility company that specializes in the generation, transmission, and distribution of electricity to businesses, homes, and industries throughout Malaysia. Through its subsidiaries, TNB also manufactures a range of electrical equipment, develops green energy solutions, provides construction services, and operates the private university Universiti Tenaga Nasional (UNITEN).
Missing: Tenaga Nasional Berhad's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Tenaga Nasional Berhad's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Latest Tenaga Nasional Berhad News
Nov 24, 2022
Lower profit expected for TNB in Q4 2022, ICPT surcharge may increase Credit: Tenaga Nasional Bhd 24/11/2022 12:46 PM KUALA LUMPUR, Nov 24 (Bernama) -- Tenaga Nasional Bhd (TNB) is expected to record lower profits in the fourth quarter of 2022 (Q4 2022) following the rising operating expenses in Q3 2022, said Hong Leong Investment Bank (HLIB). Nonetheless, it said the upcoming Imbalance Cost Pass-Through (ICPT) review would be able to address the current mismatch of ICPT recognition and recovery, given the stable global coal prices in recent months. In a research note, HLIB noted that the government is providing a guarantee to TNB’s financing of up to RM6 billion to fund the additional working capital costs, which are also recoverable through ICPT. "We maintain 'buy' on TNB with an unchanged Discounted Cash Flow to Equity (DCFE)-derived target price (TP) of RM11.65, as the utility co-leverages on the economic recovery in 2022. "The company is also backed by stable earnings under Regulatory Period 3 (RP3), with a committed dividend payout policy," said HLIB. Meanwhile, CGS-CIMB noted that the government has paid RM4.8 billion out of the approved RM5.8 billion ICPT for the period of Jan 1-June 30, 2022, adding that the payment will ease TNB’s receivables concerns. “Coal prices were higher at US$209.7 per tonne average in the nine months of 2022 versus the benchmark coal price of US$79 per tonne under RP3. “Hence we expect a higher ICPT surcharge for the upcoming implementation period of Jan 1-June 30, 2023,” the research firm said in a note today. CGS-CIMB also reiterated its 'add' call on TNB with a higher TP of RM13.60 from RM13.30 previously. “We like TNB as it would likely keep its monopoly position in the electricity transmission and distribution segment and has decent dividend yields of over five per cent for financial year 2022-24,” it said. It added that TNB also is poised to benefit from Malaysia’s energy transition, namely, additional grid investments and renewable energy opportunities, which could boost its earnings and improve the public’s environmental, social and corporate governance perception of TNB. -- BERNAMA Bernama provides the latest authentic and comprehensive news and information to media agencies and the public. The news and information is disseminated via the website www.bernama.com; BERNAMA TV broadcasts on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels as well as BERNAMA Radio on the FM93.9 frequency in the Klang Valley, FM107.5 in Johor, FM107.9 in Kota Kinabalu and FM100.9 in Kuching. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Tenaga Nasional Berhad Web Traffic
Tenaga Nasional Berhad Rank
Tenaga Nasional Berhad Frequently Asked Questions (FAQ)
When was Tenaga Nasional Berhad founded?
Tenaga Nasional Berhad was founded in 1949.
Where is Tenaga Nasional Berhad's headquarters?
Tenaga Nasional Berhad's headquarters is located at 129 Jalan Bangsar, Kuala Lumpur.
What is Tenaga Nasional Berhad's latest funding round?
Tenaga Nasional Berhad's latest funding round is IPO.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.