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Overview
Financial Highlight
Headlines
Business Background Tenaga Nasional Bhd, or TNB, is the largest electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and sale of electricity. TNB segments its operations into a generation division, a transmission division, and a distribution division. The generation division encompasses the company’s portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers and the providing of consulting services. The company primarily generates revenue through the sale of electricity in West Malaysia. Its customers are mainly commercial operations, domestic consumers, and large industrial entities.
  danielleesing In a Bursa Malaysia filing today, the national power company said operating expenses fell 8.99% to RM10.65 billion from RM11.7 billion previously. Earnings per share rose to 21.15 sen from 8.83 sen as a result. 28/11/2019 11:07 AM kinuxian Closed to 4 bil tax dispute. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6354773 Tenaga Nasional Berhad on 28 November 2019 received Notices of Additional Assessment for the years of assessment 2015, 2016 and 2017 amounting to RM1,429,900,636.50, RM1,245,538,590.94 and RM1,302,446,841.28 respectively. Based on the legal advice obtained from our tax solicitors, Tenaga Nasional Berhad has good basis to contend that there is no legal and factual basis for the Inland Revenue Board to issue the said notices. Accordingly, Tenaga Nasional Berhad will be appealing against the said notices. 28/11/2019 6:34 PM  James Ng https://klse.i3investor.com/blogs/general/241441.jsp [转贴] [Facebook live video:浅谈Tenaga nasional bhd (Tenaga)] - James的股票投资James Share Investing 28/11/2019 9:20 PM Jeffreyteck Very good timing, report profit improvement then huge tax clawback. Well done. Est down $1.50 in ST. 29/11/2019 9:13 AM kinuxian Not the first tax dispute, IRB and TNB kinda do this every few years once. https://www.theedgemarkets.com/article/tnb-lhdn-settle-dispute 29/11/2019 10:16 AM kinuxian With all due respect... trying to propagate your political ideology here in such manner is countereffect. Better try something that fit your target audience. Malaysia domestic electricity tariff is among lowest. https://www.globalpetrolprices.com/Malaysia/electricity_prices/ 29/11/2019 12:07 PM PotentialGhost Yeah baby , KLCI 1564 point 5 year new low , thx pH government , kekeke 29/11/2019 2:57 PM PotentialGhost Hang Seng 5year low 18.5k today 26.3k , 42% return Malaysian 5year low 1.56k today 1.56k . 0% return Yeah baby Malaysia yeah baby PAKATAN HARAPAN 29/11/2019 3:04 PM Shinnzaii Aiyo...this month new low...I tot MIDF said can 1900 by end of the year...hehe 29/11/2019 3:06 PM prince4 US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in big cap and midcap stocks and will short selling mid cap stocks for make money so now no prospects cannot buy and hold . http://www.bursamalaysia.com/misc/system/assets/28273/Directive-on-the-List-of-Approved-Securities-(with-effective-from-29Nov2019).pdf TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom.. 29/11/2019 3:59 PM prince4 US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in big cap and midcap stocks and will short selling mid cap stocks for make money so now no prospects cannot buy and hold . http://www.bursamalaysia.com/misc/system/assets/28273/Directive-on-the-List-of-Approved-Securities-(with-effective-from-29Nov2019).pdf TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom.. 29/11/2019 3:59 PM e1zzz well done PH, desperate to increase gov revenue by taxing more indirectly spook investors 29/11/2019 5:51 PM Jeffreyteck Complicated tax laws benefited so call tax experts, lawyers and management but hurt investors. Target at least to drop another $1. Note that a similar outstanding dispute for years of assessment of 2013 and 2014 of RM2.1bn is still currently pending for court hearing (Pb Invest) Joke of this country legal system efficiency and effectiveness? From MPs debates and subjects debate, can see the kuliti ... oops, is kualiti. From the TV news, negative news are more common than positive development news. All these continue to support MYR to shoot rocket high from around 2.50 about 30 years ago to current level of 4.20. 01/12/2019 11:07 AM dlau8899 https://www.chinapress.com.my/20191202/%e5%9b%bd%e8%83%bd%e5%86%b3%e5%ae%9a%e6%8f%90%e5%87%ba%e6%b3%95%e5%be%8b%e8%af%89%e8%ae%bc-%e6%8c%91%e6%88%98%e5%86%85%e9%99%86%e7%a8%8e%e6%94%b6%e5%b1%80/ 03/12/2019 12:09 AM BAIfund DETAILS OF THE TRANSACTIONS 2.1 Information on Tenaga Tenaga is the largest electricity utility in Malaysia, with its core business of providing electricity to the country’s business, homes, and industries. Its activities represent the entire electricity production and supply value chain. Tenaga is listed on the Main Board of Bursa Malaysia Securities Berhad. 2.2 Information on PNEPCB PNEPCB is a printed circuit boards manufacturer in Malaysia. The group has a wide range of products and customers spanning across the globe from Japan to the United States of America and Europe. It currently has manufacturing facilities in both Malaysia and China to support their local and overseas customers. PNEPCB is listed on the Main Board of Bursa Securities. 2.3 Information on NetX NetX is engaged in the provision of turnkey solutions on the network infrastructure and security management, research and development of software, system design, integration and installation and provision of information technology services. 2.4 Basis of Arriving at the Purchase and Disposal Consideration The Purchase Consideration and Disposal Consideration were based on the prevailing market price at the point of purchase and disposal respectively. 2.5 Funding and Utilisation of Proceeds The Acquisition was funded entirely from the borrowings of the Company and the proceeds from the Disposal was used to repay the borrowings. 2.6 Original Cost and Date of Investment The date and the original cost of investment for the Tenaga shares disposed are as follows: - Date Cost of Investment (RM) 19 February 2019 1,172,721.14 14 May 2019 2,639,335.75 29 May 2019 6,415,889.80 2.7 Liabilities to be Assumed There are no liabilities, including contingent liabilities and guarantees to be assumed by FINTEC, arising from the Transactions. 3. RATIONALE AND PROSPECTS The Acquisition is part of FINTEC’s decision to invest in quoted securities that have growth prospects through collaboration or cross-selling of products and services between the Group’s investee companies. Other than that, the Transactions is also part of FINTEC’s trading activity of blue-chip counters that are fundamentally sound and have the prospect of generating short term returns. 11/12/2019 9:38 AM factslim1 Maintain HOLD on Tenaga with unchanged TP of RM13.50 based on DCFE valuation. 17/12/2019 1:41 PM winbigbursa Tenaga does not look good for 2020, best to clear now, esp the Cws, good luck.. 06/01/2020 2:12 PM kinuxian RM is strengthen and good for TNB. However, foreign fund still avoid Malaysia stock market and go to better perform EM markets. Another test below 12 is coming? 14/01/2020 11:42 AM  |
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