Taking over Project 3B

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

Continue to sparkle

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

Generation risks are capped primed for a good result

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

TNB shares up on increased demand for electricity

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: Affin Hwang Capital

Price Call: BUY

Target Price: 17.50

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) shares on Bursa Malaysia rose this morning on news of an expected increase in electricity demand, moving forward.

As at 10.01 am, the counter rose eight sen to RM14.40 with 1.03 million shares changing hands.

AffinHwang Investment Bank said there could be a positive surprise in TNB's second quarter earnings, primarily due to a favourable fuel mix due to good hydro power output.

"We believe electricity demand growth could yet pick up while earnings visibility should remain strong," it said in a research note today.

The investment bank has maintained its 'buy' call on TNB with an unchanged target price of RM17.50.

- Bernama

A swift end to the Intergraxs battle

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

Retracement in share price a knee-jerk reaction

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

A possibility of lower electricity tariff

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

No changes in Integrax’s offer price

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 17.20

Makes Takeover Offer for Integrax Bhd

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: TA

Price Call: BUY

Target Price: 16.80

Affin Hwang reiterates 'buy' call on TNB

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: Affin Hwang Capital

Price Call: BUY

Target Price: 16.50

KUALA LUMPUR: Affin Hwang Investment Bank Research has reiterated its "Buy" call on Tenaga Nasional Bhd (TNB) with an unchanged target price (TP) of RM16.50 per share.

The research house said it did not expect any negative surprises in TNB's first quarter of its financial year ending 2015 (FY15) earnings, as fuel costs should be well managed amid the stable gas supply.

"Going forward, we expect electricity demand growth to rebound while earnings visibility should remain strong in FY15," it said in a note Friday.

It added TNB had resilient business model and robust cash flows, and a longer-term catalyst would be the automatic implementation of the Imbalance Cost Pass Through (ICPT) mechanism, which would give it strong earnings visibility by being insulated from fluctuations in fuel costs.

ICPT is a mechanism that allows TNB to reflect changes (either an increase or reduction) of the uncontrollable fuel costs in the electricity tariff every six months. In the event of a reduction in fuel costs, TNB will also pass through the reduction to customers.

At 11.40 am, TNB shares on Bursa Malaysia was flat at RM14.20, with 3.11 million units traded. - BERNAMA

Electrifying Prospect

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: TA

Price Call: BUY

Target Price: 15.90

A fairly good year for TNB

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: HOLD

Target Price: 14.23

Expect a good end to FY14

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: HOLD

Target Price: 12.40

TENAGA - Higher LNG Cost but Reprieve Elsewhere

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: TA

Price Call: BUY

Target Price: 14.37

TNB - Hiccup in FCPT may jeopardize forward earnings

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: HOLD

Target Price: 12.40

TENAGA - Earnings on Track!

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: TA

Price Call: BUY

Target Price: 13.96

Tenaga - Unplanned outages impacted earnings

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: HOLD

Target Price: 12.40

TNB - Managements affirmation on FCPT and IBR

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: HOLD

Target Price: 11.01

TNB - Much-awaited tariff hike finally announced

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: MIDF

Price Call: BUY

Target Price: 11.01

Tenaga - Structural Reform Reinforced. Buy Tenaga

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD

Research House: TA

Price Call: BUY

Target Price: 13.23