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

TENAGA NASIONAL

(TENAGA)
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Tenaga Nasional 1Q Net Profit Fell 54% on Forex Loss

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06/10/2020 | 02:10am EDT

By Chester Tay

Tenaga Nasional Bhd's first-quarter net profit fell 54% compared with the same period a year earlier due to foreign currency losses from the ringgit's weakness against the dollar and the Japanese yen.

Net profit declined to 717.9 million ringgit ($167.9 million), the utility giant said in a stock exchange filing Wednesday, as first-quarter revenue fell 12% to MYR11.65 billion.

Given the ongoing Covid-19 pandemic and the uncertainties in the global economic environment, Tenaga said it foresees prolonged challenges for the group's 2020 prospects.

Nonetheless, the group expects economic activity will gradually pick up in the second half of 2020 and to register a positive recovery in 2021.

 

Write to Chester Tay at chester.tay@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -22.33% 16.56 Delayed Quote.201.09%
JUST GROUP PLC -1.84% 41.68 Delayed Quote.-47.24%
TENAGA NASIONAL -1.11% 9.78 End-of-day quote.-26.24%
THE GLOBAL LTD. 9.48% 254 End-of-day quote.-46.07%
WILL GROUP, INC. -0.12% 808 End-of-day quote.-35.46%
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Financials
Sales 2020 50 653 M 12 185 M 12 185 M
Net income 2020 4 383 M 1 054 M 1 054 M
Net Debt 2020 39 432 M 9 486 M 9 486 M
P/E ratio 2020 12,6x
Yield 2020 4,92%
Capitalization 55 792 M 13 353 M 13 421 M
EV / Sales 2020 1,88x
EV / Sales 2021 1,79x
Nbr of Employees 36 307
Free-Float 65,1%
Chart TENAGA NASIONAL
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Technical analysis trends TENAGA NASIONAL
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Average target price 13,32 MYR
Last Close Price 9,78 MYR
Spread / Highest target 55,4%
Spread / Average Target 36,2%
Spread / Lowest Target 13,5%
EPS Revisions
Managers
NameTitle
Amir Hamzah bin Azizan President, CEO & Executive Director
Mahdzir bin Khalid Non-Independent Non-Executive Chairman
Nazmi bin Othman Chief Financial Officer
Fazil bin Ibrahim Chief Information Officer
Roslina binti Zainal Non-Independent Non-Executive Director
Sector and Competitors
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DOMINION ENERGY, INC.-3.65%66 972
DUKE ENERGY CORPORATION-0.25%66 910