Tenaga Nasional to Gain From Tariff Reform -- Market Talk

Dow Jones

2025/06/23

0225 GMT - Tenaga Nasional is poised to benefit from the July 1 electricity tariff reform, says TA Securities analyst Hafriz Hezry in a note. He expects improved cash flow from monthly fuel cost adjustments, replacing the previous semi-annual adjustments. He estimates revenue from Tenaga's transmission and distribution businesses to rise 23% over 2025-2027. Management targets executing 60%-70% of the MYR16.3 billion contingent capital expenditure to support the country's energy transition and growing demand, he notes. TA Securities maintains a buy rating and MYR17.30 target price, citing upside from expanding grid investments and data center-driven electricity consumption. Shares are 0.1% lower at MYR14.20. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 22, 2025 22:25 ET (02:25 GMT)

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He expects improved cash flow from monthly fuel cost adjustments, replacing the previous semi-annual adjustments. He estimates revenue from Tenaga's transmission and distribution businesses to rise 23% over 2025-2027. Management targets executing 60%-70% of the MYR16.3 billion contingent capital expenditure to support the country's energy transition and growing demand, he notes. TA Securities maintains a buy rating and MYR17.30 target price, citing upside from expanding grid investments and data center-driven electricity consumption. Shares are 0.1% lower at MYR14.20. 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He expects improved cash flow from monthly fuel cost adjustments, replacing the previous semi-annual adjustments. He estimates revenue from Tenaga's transmission and distribution businesses to rise 23% over 2025-2027. Management targets executing 60%-70% of the MYR16.3 billion contingent capital expenditure to support the country's energy transition and growing demand, he notes. TA Securities maintains a buy rating and MYR17.30 target price, citing upside from expanding grid investments and data center-driven electricity consumption. Shares are 0.1% lower at MYR14.20. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PA3.SI":"长益","BK6045":"建筑与工程","BK6512":"房地产股"},"translate_title":"Tenaga Nasional将从关税改革中获益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PA3.SI":0.78},"content_text":"0225 GMT - Tenaga Nasional is poised to benefit from the July 1 electricity tariff reform, says TA Securities analyst Hafriz Hezry in a note. He expects improved cash flow from monthly fuel cost adjustments, replacing the previous semi-annual adjustments. He estimates revenue from Tenaga's transmission and distribution businesses to rise 23% over 2025-2027. Management targets executing 60%-70% of the MYR16.3 billion contingent capital expenditure to support the country's energy transition and growing demand, he notes. TA Securities maintains a buy rating and MYR17.30 target price, citing upside from expanding grid investments and data center-driven electricity consumption. Shares are 0.1% lower at MYR14.20. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 22, 2025 22:25 ET (02:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}