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 TENAGA - Next stock to watch

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rocketm
post Sep 24 2020, 11:39 AM

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Hi everyone.

This is an old post but hope to get some opinion in this counter.

I am holding this counter for 500 shares. My average price is RM11.132. Is it still worth to add more?

Why the share price is in downtrend even before covid-19?
rocketm
post Sep 24 2020, 12:42 PM

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QUOTE(jianwei90 @ Sep 24 2020, 01:37 PM)
there is heavy selling pressure right now.. but i will suggest to add more at around 10.80 if it drop further (since the ex-dividend is next week)
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Thanks for your reply.

I noticed that too. But what causes the share price in downtrend even before covid19?
rocketm
post Oct 1 2020, 12:41 AM

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QUOTE(Eurobeater @ Oct 1 2020, 12:03 AM)
RIP Tenaga. I didn't think the ex-entitlement decrease is so big.
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Why RIP? cannot get it.
rocketm
post Oct 1 2020, 11:20 AM

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QUOTE(Eurobeater @ Oct 1 2020, 11:04 AM)
Just making fun of the drop and their RM 1.8b tax bill
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Thinking about tenaga, do you think they are still worth to invest in long term?

Green energy and still they also purchase a stake in power generator recently.
rocketm
post Oct 5 2020, 10:25 AM

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There are also news saying that they are going to seperate the retail and business segment. Not sure whether this is positive or negeative.

Besides, how do them compete with renewable energy company like solarvest, samainden (going to IPO). Tenaga does involve but not sure their strength in this area.
rocketm
post Oct 8 2020, 07:57 PM

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QUOTE(Eurobeater @ Oct 8 2020, 05:15 PM)
I thought they have done this already? This was a restructuring move done supposedly to improve efficiency. Not sure how it will work though.

TNB does have some renewable energy companies under it, especially overseas, as it has solar and wind plants in the UK and some other place in Europe. It is probably learning a thing or two about it while holding these investments.
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Yes, they have renewable project but not sure any project in Malaysia. As we can see some listed player also doing this type of project.
rocketm
post Oct 9 2020, 09:18 PM

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QUOTE(Eurobeater @ Oct 9 2020, 02:49 AM)
I think they don't get themselves invovled so far. They got IPP with independent owners, but not much beyond that

EDIT: Just found out that TNB does have renewable energy plants in Malaysia, but not so big. It has two large scale solar power plants in the country. One in Sepang, Selangor and the other (recently built) is in Bukit Selambau, Kedah. Installed capacity quite small at 80MW only.
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Well, hope they will grow its renewable business

I have invested in it. Hope it will grow grow
rocketm
post Oct 10 2020, 08:02 PM

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QUOTE(-YOPPIE- @ Oct 9 2020, 10:28 PM)
What's your current average?

Mine at 11:48 looking to average down but current runs out of ammo.
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Still now a good average price yet. Rm10+
rocketm
post Oct 10 2020, 08:03 PM

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QUOTE(Eurobeater @ Oct 9 2020, 10:32 PM)
You may have been lucky.

I bought 3 lots just before the ex date at 10.88. Now negative few hundred kek

Upcoming dividend cannot cover the gap so just hoping for long term cap gain
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Mine also red.

Hope when economy better a bit will be up to rm11+
rocketm
post Dec 16 2020, 05:38 PM

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I saw there is a new announcement today.

"On behalf of the Board of Directors of TNB, Maybank Investment Bank Berhad wishes to announce that TNB has today mutually agreed in writing with its wholly-owned subsidiary, TNB Retail Sdn. Bhd. (“TRSB”), to amend TNB’s obligations under the asset purchase agreement entered into between TNB and TRSB dated 6 November 2019 (“TRSB APA”). Pursuant to the amendments to the TRSB APA, any remaining components of TNB’s domestic electricity retail business (“Retail Business”) not transferred to TRSB on completion of the transfer of assets, liabilities and business undertakings related to TNB’s Retail Business to TRSB due to any reason whatsoever, including pending issuance of any approval or license from the relevant authority, shall be transferred by TNB to TRSB within a reasonable time as ascertained by TNB.

This announcement is dated 16 December 2020."

What will be the impact on TNB future business?
rocketm
post Jan 4 2021, 10:44 PM

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QUOTE(billyboy @ Jan 4 2021, 08:31 PM)
i no chinese.

can summarize ?
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Rebate for commercial and household electricity from 01 Jan 2021 - 31 June 2021
rocketm
post Jan 22 2021, 08:39 PM

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QUOTE(abdrahib @ Jan 22 2021, 07:30 PM)
Today tenaga is 9.78.Wait till 9.50 then everage  again
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Why it keep dropping these few days?
rocketm
post Feb 3 2021, 09:32 PM

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QUOTE(statikinetic @ Feb 3 2021, 09:32 PM)
A monopoly protects a company from going out of business.
It does not protect against dwindling profits.
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should run? but being protected wo

 

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