Analyst Research Report Snapshot

Title:

Results Note – Tenaga (BUY, maintain) - Record earnings delivery

Price:

$46.00

Provider:

Affin Investment Bank

Date:

31 Oct 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

TENA.KL

Available for Immediate Download
Summary:

FY08/13 earnings were inline with Affin and street estimates The stock has appreciated by 38% YTD. Key re-rating catalysts are: (1) lower coal prices; (2) higher gas supply; and (3) 2/3 alternative fuel cost compensation. These engine cylinders have helped to propel earnings growth - FY08/13 core net profit surged 21.8% yoy to RM4,120.6m. The robust earnings were inline with Affin and street estimates. The Group declared a 25 sen net DPS for FY13, translating to a net yield of 2.7%.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.