Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: ECMLIBRA
Company Name: TENAGA NASIONAL BHD
Research House: ECMLIBRA
With the expected announcement on the operations and maintenance of an 84MW hydro-power plant in Pakistan, Tenaga Nasional Bhd (TNB) is on track to achieve its Key Performance Indicator of RM1.8 to RM1.9 billion worth of revenue from non-regulated businesses.
"We are also pleased to hear that any political unrest in the Middle East is not holding back TNB from expanding its business into the region," said ECM Libra Capital Sdn Bhd in a research note today.
It was reported that TNB Repair and Maintenance Sdn Bhd (TNB Remaco) is aggressively expanding overseas to boost revenue. Its targeted revenue in 2015 is between RM600 million and RM700 million, up from RM500 million aimed for this year and RM335 million last year.
Of the RM600 million to RM700 million revenue, 30 per cent is expected to come from overseas, compared to the current 10 per cent.
TNB said it was in the process of selecting the right partner and would sign the agreement soon to operate and maintain an 84MW hydro-power plant in Laraib in Kashmir, Pakistan, which is a five plus five year contract.
ECM Libra has maintained a "hold" call on TNB. - Bernama
"We are also pleased to hear that any political unrest in the Middle East is not holding back TNB from expanding its business into the region," said ECM Libra Capital Sdn Bhd in a research note today.
It was reported that TNB Repair and Maintenance Sdn Bhd (TNB Remaco) is aggressively expanding overseas to boost revenue. Its targeted revenue in 2015 is between RM600 million and RM700 million, up from RM500 million aimed for this year and RM335 million last year.
Of the RM600 million to RM700 million revenue, 30 per cent is expected to come from overseas, compared to the current 10 per cent.
TNB said it was in the process of selecting the right partner and would sign the agreement soon to operate and maintain an 84MW hydro-power plant in Laraib in Kashmir, Pakistan, which is a five plus five year contract.
ECM Libra has maintained a "hold" call on TNB. - Bernama
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