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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Tenaga Nasional Bhd    TENAGA   MYL5347OO009

TENAGA NASIONAL BHD

(TENAGA)
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Tenaga Nasional Bhd : 2Q Net Lower Than Expected -- Earnings Review

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08/30/2019 | 05:00am EDT

By Yantoultra Ngui

Malaysian electricity-utility Tenaga Nasional Bhd. (5347.KU) reported its second-quarter results on Friday. Here's what you need to know:

NET PROFIT: Second-quarter net profit declined to 1.12 billion ringgit ($266 million) from MYR1.24 billion net profit in the same period a year earlier. This was below the consensus estimate for MYR2.06 billion compiled by FactSet.

REVENUE: Second-quarter revenue climbed to MYR12.88 billion from MYR12.5 billion a year earlier. This was also lower than the consensus estimate for MYR12.96 billion compiled by FactSet.

WHAT WE WATCHED:

--Fuel Costs: Tenaga's revenue declined on quarter due to higher fuel costs, which were up 12% in the second quarter. The company, however, expects coal prices to trend lower in coming months and relieve pressure on its expenses.

--Debt Levels: Tenaga's debt-to-equity level slipped to 44% from 45% in the first half mainly due to the repayment of a $300 million loan taken from Japan's Mizuho Bank.

--International Performance: Tenaga's earnings before interest, tax, depreciation and amortization from its solar and wind business in U.K. were higher, while Ebitda from its Indian business was lower due to higher coal-related fuel costs.

Write to yantoultra.ngui@dowjones.com

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Financials (MYR)
Sales 2019 50 362 M
EBIT 2019 8 920 M
Net income 2019 5 567 M
Debt 2019 33 122 M
Yield 2019 3,95%
P/E ratio 2019 13,9x
P/E ratio 2020 13,5x
EV / Sales2019 2,20x
EV / Sales2020 2,13x
Capitalization 77 910 M
Chart TENAGA NASIONAL BHD
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Tenaga Nasional Bhd Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 14,76  MYR
Last Close Price 13,70  MYR
Spread / Highest target 19,7%
Spread / Average Target 7,71%
Spread / Lowest Target -21,9%
EPS Revisions
Managers
NameTitle
Azman bin Mohammed President & Chief Executive Officer
Amar Leo Moggie Chairman
Nazmi bin Othman Chief Financial Officer
Fazil bin Ibrahim Chief Information Officer
Noraini binti Che Dan Independent Non-Executive Director
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