Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Profit galore. Tenaga is scheduled to release its results today after market close. We think it will be a strong quarter boosted by a recovery in natural gas supplies and the heavier than normal rainfall will enable it to generate more power from its hydroelectric dams. It has also received RM2.0b of its cost sharing payments from the government and PETRONAS. Maintain Buy, with an unchanged target price of RM6.90/share, pegged to 13x FY13 PER.
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Source: Maybank Research - 12 April 2012
Company Name: TENAGA NASIONAL BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 6.90 |
Profit galore. Tenaga is scheduled to release its results today after market close. We think it will be a strong quarter boosted by a recovery in natural gas supplies and the heavier than normal rainfall will enable it to generate more power from its hydroelectric dams. It has also received RM2.0b of its cost sharing payments from the government and PETRONAS. Maintain Buy, with an unchanged target price of RM6.90/share, pegged to 13x FY13 PER.
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Source: Maybank Research - 12 April 2012
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