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TENAGA Q3 2024 Earnings Preview: Grab rewards by guessing the closing price!
Hi, mooers! ![]()
Tenaga Nasional Bhd $TENAGA (5347.MY)$ is expected to release its latest quarterly earnings on November 28*. How will the market react to the power company's results? Vote your answer to participate!
*The exact release date depends on the company's announcement.
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(Vote will close at 14:00 MYT on Nov 28)
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1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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惊魂 : Thank you very much.
101853057 : Intuition
zhisheng : i think the share price will increase more than rm14.20. This is because based on current market conditions, I expect Tenaga Nasional (TNB) to report a strong profit growth of 15%-20% in Q3 2024. This growth is driven by a rebound in electricity demand, particularly from the industrial and commercial sectors, as Malaysia's economy recovers. Energy costs have stabilized, easing pressure on TNB’s margins, while the company's ongoing cost control measures and operational efficiency improvements further support profitability. Additionally, potential tariff adjustments and TNB’s increasing returns from renewable energy investments, especially in solar and wind projects, will provide significant revenue boosts. Overall, TNB is well-positioned for robust earnings growth in the upcoming quarter.
Moomoo MY OP zhisheng : Nice sharing!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Lucas Cheah : $TENAGA (5347.MY)$ - Earnings Prospects Analysis
1. Core Revenue from Electricity Distribution
TNB operates as a monopoly in electricity transmission and distribution in Peninsular Malaysia and Sabah. The company benefits from predictable revenue streams through regulated tariffs under the Incentive-Based Regulation (IBR) framework. Stable cash flows from its monopoly position provide a reliable foundation for TNB’s earnings, though subject to regulatory reviews.
2. Rising Domestic Energy Demand
Malaysia’s economic recovery post-pandemic has driven increased electricity consumption from residential and industrial users. Key industries like manufacturing, oil and gas, and construction are significant power consumers. TNB has seen higher electricity demand from energy-intensive industries as Malaysia continues to attract foreign direct investments (FDI).
3. Challenges and Risks
TNB remains dependent on coal and gas for power generation, exposing it to fuel price volatility. Although ICPT provides cost pass-through, it can strain consumer affordability and lead to public resistance.
The shift to renewable energy involves high capital expenditures for infrastructure upgrades and new projects. Decommissioning older coal plants like the Jimah East Power Plant could increase short-term costs.
In summary, TNB’s earnings prospects remain strong due to its monopoly position, robust cash flows, and strategic pivot to renewable energy. While near-term challenges include high transition costs and regulatory risks, its long-term growth potential is supported by its leadership in Malaysia’s energy sector and global renewable energy investments.
Taring zhisheng : But noting to the current loss from unpaid electricity bill by consumer contributed to RM 1bil loss, how will this affect the position of TNB moving fwd?
KHHoong :
刘伯温 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
EWING : .
SHAW KF : There is a possibility of soaring.
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