KUALA LUMPUR: Tenaga Nasional is scheduled to release its 1QFY8/10 results on Jan 20 and CIMB Equities Research expects core net profit to come in at RM450 million to RM500 million, which is 11%-23% higher quarter-on-quarter but up to 10% lower on-year.
THe research house said on Friday, Jan 15 that it would regard the results to be broadly in line if core net profit came in around 19%-21% of its full-year projection as the remaining quarters should be
better due to stronger pick-ups on the demand front.
"We retain our FY10-12 earnings projections pending the results release. The upcoming 1QFY10 results announcement is likely to be relatively uneventful as the focus will be on the government’s impending
decision on the scheduled Jan 2010 tariff review. Tenaga remains a Trading Buy with an unchanged P/BV-based target price of RM10.90," it said.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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