DOCSLIB.ORG

Tenaga Nasional Bhd (TNB) D) KWAP ENERGY COMMISSION (Regulator) E) Other Govt

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Tenaga Nasional Bhd (TNB) D) KWAP ENERGY COMMISSION (Regulator) E) Other Govt INVESTOR PRESENTATION COE – INVESTOR RELATIONS 01 INTRODUCTION TO TENAGA 02 REGULATORY AGENDA 03 BUSINESS STRATEGY & DIRECTION 04 DIVIDEND POLICY 05 FY2020 OUTLOOK 06 APPENDIX INTRODUCTION TO TENAGA Regulatory & Shareholding Structure REGULATORY & SHAREHOLDING STRUCTURE LEADERSHIP POSITION PRIME MINISTER / TNB Market Cap CABINET As at 25th Nov 2020: RM62.6bn • Ranked 1st for Utilities Company • Ranked 3rd in KLCI Shareholders Policy Maker Sabah Electricity Ministry of Energy and Natural Ministry of Finance Holds Sdn Bhd (SESB) ‘Golden’ Resources (KeTSA) (83% owned by TNB) Share a) Khazanah Dependable Capacity: 1,223MW b) PNB c) EPF 70.1% Implementor Tenaga Nasional Bhd (TNB) d) KWAP ENERGY COMMISSION (Regulator) e) Other Govt. Agencies - Promote competition - Protect interests of consumers Local Corp. & Retail 15.6% - Issue licenses MALAYSIA - Tariff regulation Foreign 14.3% Market Participant Sarawak Energy Bhd Tenaga Nasional Berhad IPP (SEB) CONSUMERS 3 Note: Data / Info as at 30th Sept 2020 3 INTRODUCTION TO TENAGA Regulated & Non-Regulated Business Generation Grid/Transmission Distribution Network & Retail Non-Regulated Business Regulated Business TNB Generation Mix: Installed Capacity: Distribution Network Length: 25,122MW Transmission Network Length: 683,008KM TNB: 14,591MW @ 58.1% Solar 0.1% IPP: 10,532MW @ 41.9% 23,964KM Distribution Substations: Hydro 5.5% Generation Market Share: 83,467 61.5% Transmission Substations: Core Business Core 456 Gas & LNG 28.4% SAIDI: Equivalent Availability Factor 33.9mins (EAF): Transmission System Minutes: Coal 65.9% 88.3% Customer Satisfaction Index (CSI): Note: TNB installed capacity & Market Share 0.05 mins are based on gross capacity 8.1 Source: TNB Data / Info as at Sept 2020 Main Subsidiaries Non-Regulated Business Operation &Maintenance (O&M) Renewables, Energy Efficiency & Other Services Education & Research • TNB Repair & Maintenance Sdn. Bhd. (REMACO) • TNB Renewables Sdn. Bhd. • TNB Integrated Learning Solution Sdn. Bhd. Core Business Core - • GSPARX Sdn. Bhd. (ILSAS) Manufacturing • TNB Energy Services Sdn. Bhd. • TNB Research • TNB Engineering Corporation Sdn. Bhd. • University Tenaga Nasional (UNITEN) Non • Tenaga Switchgear Sdn. Bhd. • Integrax Bhd. • Malaysia Transformer Manufacturing Sdn Bhd. • Allo Technology Sdn. Bhd. • Tenaga Cables Industries Sdn. Bhd. 44 INTRODUCTION TO TENAGA Vertically integrated utility company serving more than 9mil customers throughout Peninsula Malaysia TNB Sectoral Sales Analysis* 0.9% 1.6% 2.1% Total 82,283.6 GWH Unit Sold 24.0% 27.5% Total RM180.5bn Assets 81.8% 38.3% 32.4% Total TNB: 9.3mn Customers SESB: 0.6 mn 36.0% 38.0% 0.3%, Industrial 17.0% Total 35,698 Employees NO OF CUSTOMER SALES (RM) SALES (GWH) Industrial Commercial Domestic Others Note: Data / Info as at Sept 2020 * Peninsular Malaysia only (TNB exclude SESB and other subsidiaries) 55 INTRODUCTION TO TENAGA Electricity demand is in line with GDP; 3QFY’20 maximum demand neared prior year level reflects improved economic traction TNB (Peninsula) Maximum Demand 3QFY’20 3QFY’19 Variance (%) Maximum 16,570 16,894 (1.9) Demand (GWh) TNB (Peninsula) Yearly Peak Demand * MW 18,808 18,566 18,338 17,788 17,790 *Recorded at: 10 Mar’20 16,901 16,822 at 1630hrs 16,562 15,826 15,476 FY'11 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 Note: i. Data / Info as at Sept 2020 ii. Peninsular Malaysia only (TNB exclude SESB and other subsidiaries) 66 INTRODUCTION TO TENAGA TNB’s global presence in six countries • 55% equity ownership in Vortex Solar Investments S.à.r.l, United 24 operational solar PV farm portfolio of 365MW (May 2017) Kingdom United • Tenaga Wind Ventures UK Ltd, 53 operational onshore wind Kingdom portfolio of 26.1MW (Feb 2018) • 30% equity ownership in GAMA Enerji A.Ș. (Apr 2016) Turkey Turkey • Assets include 853MW (gas), 117.5MW (wind) & 131.3MW (hydro) Pakistan Kuwait • 6% equity ownership in Shuaibah Independent Water & Power India Project (IWPP)(Aug 2005) Saudi Arabia Saudi Arabia • REMACO O&M Services for 900MW Shuaibah IWPP (Jan 2010) • REMACO O&M for 225MW Sabiya Power Generation & Water Distillation Plant (July 2014) Kuwait • REMACO O&M for Shuaiba North Co-Gen 900MW Power; 204,000 m3/day water (Sept 2013) • REMACO O&M for 240MW Doha West Water Distillation Plant (Nov 2016) FOCUS ON GROWING RENEWABLE ENERGY • Liberty Power Ltd 235MW (Sept 2001) BUSINESS IN SPECIFIC MARKETS BY LEVERAGING Pakistan • REMACO O&M Services - Bong Hydro Plant (May 2011) • REMACO O&M Services - Balloki Power Plan (July 2018) ON ITS INTERNATIONAL AND DOMESTIC • India 30% equity ownership in GMR Energy Ltd (Nov 2016) EXPERIENCE, CAPABILITIES AND ASSETS • Assets include 1,915MW coal, gas and solar plants 77 01 INTRODUCTION TO TENAGA 02 REGULATORY AGENDA 03 BUSINESS STRATEGY & DIRECTION 04 DIVIDEND POLICY 05 FY2020 OUTLOOK 06 APPENDIX INCENTIVE BASED REGULATION (IBR) A Mechanisms For Tariff Setting With Incentives To Improve Efficiency & Greater Transparency Non – Regulated Regulatory Environment: (competitive bidding environment) 1. Clear and Transparent Regulatory Framework Clear and transparent regulatory framework governed by the Energy Commission provides investors with confidence in TNB’s cash flow visibility 2. Consistent and Clear Returns Regulatory WACC of 7.3% provides consistent and clear return to debt and equity holders 3. Shield against Uncontrollable Swings Imbalance Cost Pass-Through mechanism shields Tenaga against uncontrollable swings in input costs, with a review every 6 months 4. Incentives for Operational Efficiencies Incentive / Penalty mechanism provides clear incentives for TNB to achieve operational efficiencies Regulated Source: Energy Commission (EC) 99 INCENTIVE BASED REGULATION (IBR) Regulatory Period 2 AverageAverage Tariff Tariff by by EntitiesEntities (sen/kWh) (sen/kwh) Fuel Parameters COAL USD75/MT (RM14.47/mmbtu @ RM4.212/USD) BaseBase tariff tariff for RP2 for RP2 (sen/kWh)(sen/kWh) RP1 : USD87.5.MT @ RM3.100/USD LNG RM35/mmbtu RP1 : RM41.68/mmbtu REGULATED RM24.20/mmbtu (Jan’18 - Jun’18) RM25.70/mmbtu (Jul’18 - Dec’18) Single Buyer Single Buyer Grid System Transmission Distribution Customer Base Tariff GAS RP2 Forecasted Gas Generation Operations Operator Network service/ @1,000mmscfd RM27.20/mmbtu (Jan’19 - Dec’20) Utilization: 840 mmscfd Retail RP1 : RM15.20/mmbtu – RM22.70/mmbtu RP2 Parameters Average Tariff by Sectors (sen/kwh) WACC TARIFF CAPEX 7.3% 39.45 sen/kwh RM18.8bn* Commercial 46.93 47.92 RP1 : 7.5% RP1 : 38.53 sen/kwh (approved CAPEX) RP1 : RM15.7bn Base Tariff 39.45 OPEX AVG. RAB (Closing CAPEX) 38.53 RM18.2bn RM54.8bn *Special project approved Industrial 36.85 36.15 (approved CAPEX) (avg. RAB in 2020 ➢ 1.5 million smart meters in homes ➢ 367,00 LED streetlights RP1 : RM16.9bn RP1 : RM43.6bn 32.95 ➢ Fibre Optic network development for Domestic (Closing CAPEX) 31.66 RP2 RP1 (Closing RAB) energy security & reliability RAB : Regulated Asset Based 1010 INCENTIVE BASED REGULATION (IBR) Interim Year 2021 Regulatory Period Timeline INTERIM YEAR RP2 (2018 – 2020) 2021 RP3 (2022 – 2024) 2018 2019 2020 2021 2022 2023 2024 ➢ Energy Commission (EC) has agreed for RP3 to be in 2022-2024, and RP2 to be extended (FY2021 – Interim year). ➢ This is to allow TNB and EC to understand and determine: a) The starting base of demand and CAPEX for the next RP. b) Better fuel prices forecast to minimise huge fluctuation in the ICPT. ➢ EC has accepted TNB’s proposal on the interim year for 2021. In general, it will be similar as per RP2 in term of the yield and will have the same level of base tariff and average CAPEX ➢ TNB is expected to received EC’s Interim Year final determination by end of 2020 after obtaining the cabinet’s approval. 1111 01 INTRODUCTION TO TENAGA 02 REGULATORY AGENDA 03 BUSINESS STRATEGY & DIRECTION 04 DIVIDEND POLICY 05 FY2020 OUTLOOK 06 APPENDIX REIMAGINING TNB TNB's strategic aspiration – a key enabler is the corporate structure 4 STRATEGIC4 STRATEGIC PILLARS PILLARS Future Generation Future Grid of the Future Winning the Customer Sources Proof Regulations • Growing TNB’s renewable capacity • Upgrading existing network • Enhance experience through all • Working together with key • Expansion of capacity into selected infrastructure into a smart, customer journeys stakeholders towards a stable and international strategic markets with automated and digitally-enabled • Growth through innovation of new sustainable regulatory landscape strong growth prospects network solutions and service offerings • Improving performance of existing • Optimising network’s productivity, • Strengthen digital presence via generation fleet efficiency and reliability digital solutions, interactions and • Leveraging innovation in the enterprise network to transform customer experience TNB Power Generation TNB Retail Sdn Bhd (TPGSB) Sdn Bhd Operation Date: Operation Date: October 2020 (completed) January 2021 1313 REIMAGINING TNB TPGSB’s three key uplift strategies focusing on performance, growth & efficiency Performance & Growth Efficiency Performance • Turnaround • Digital • Productivity • Achieve high reliability for key • Unlock asset potential and • Implement digital strategy and • Enhance workforce assets enhance performance of deploy efficiency measures to productivity • Ensure no forced outages TNB’s generation power contribute to group • Reskill and re-deployment of plants through: sustainability workforce o cost savings • Optimise heat rate through Growth o cost avoidance digital levers and drive • Capture new plantup and o better inventory intelligent
Load more

Recommended publications
  • Industry Outlook 2020 Tenaga Nasional Berhad
    Industry Outlook 2020 Tenaga Nasional Berhad 1 The electricity sector globally is undergoing a major shift driven by energy transition, climate change, disruptive technologies and customer innovations, all of which are happening at unprecedented speed and scale The Future of Electricity Significant Challenges & Globally and in Malaysia Opportunities DEREGULATION to drive competition . Competitive bidding . Lower cost of alternative energy sources DECARBONISATION- Transition to clean . Greater transparency energy & low carbon generation . Higher cost efficiency DECENTRALIZATION- Distributed . Competition on service quality & price Energy resources . Customer centricity DIGITALIZATION- Integration of digital technologies along the value chain . Products & services beyond kWh TNB is aligning our aspirations and functions from traditional electricity service provider to a new energy solutions in supporting a greener, more sustainable and liberalized electricity industry. 2 Vendor Demographic PROCUREMENT SPEND FY2019 NON BUMI 30% BUMI 68% OTHERS 1% FOREIGN 1% 3 Vendor Demographic Vendor demographic for top spend categories in FY2019. Local vendors dominated majority of the categories. SUBSTATION SERVICES UNDERGROUND CABLE SERVICES CABLES & ACCESSORIES OVERHEAD LINE SERVICES OTHERS OTHERS OTHERS 0.0% 1% 0.1% NON BUMI FOREIGN FOREIGN 4.1% 0.1% NON BUMI 0.1% OTHERS 46.9% 0.4% NON BUMI NON BUMI 42.1% 53% BUMI BUMI BUMI BUMI 46% 52.9% 95.6% 57.8% TELECOMMUNICATION EQUIPMENT METERS & ASSOCIATED EQUIPMENTS IT SOFTWARE & SERVICES TRANSFORMERS NON BUMI
    [Show full text]
  • Bursa Malaysia Securities Clearing Sdn Bhd
    BURSA MALAYSIA SECURITIES CLEARING SDN BHD Date : 31 January 2012 No : SBL 2/2012 SECURITIES BORROWING AND LENDING (SBL) LIST OF SBL ELIGIBLE SECURITIES AND LIST OF SBL APPROVED SECURITIES FOR COLLATERAL Pursuant to the Participating Organisations’ Circular Number R/R 3 OF 2012 on the “Directives on the List of Approved Securities”, please be advised that the list of “SBL Eligible Securities” and “SBL Approved Securities for Collateral” is hereby amended as follows: - 1. SBL Eligible Securities Please be advised that the list of “SBL Eligible Securities” is hereby amended with the inclusion of 12 new SBL eligible securities into the above list and the removal of 12 existing SBL eligible securities from the above list. The updated list of “SBL Eligible Securities” is appended herewith as Annexure 1. With the updated list, there are altogether 100 SBL eligible securities for securities borrowing and lending. The details of the 12 new SBL eligible securities included into the list of “SBL Eligible Securities” and the 12 existing SBL eligible securities removed from the list of “SBL Eligible Securities” are set out in Annexure 1A appended herewith. 2. SBL Approved Securities for Collateral Please be advised that the list of “SBL Approved Securities for Collateral” is as set out in Annexure 2. The updated list of “SBL Eligible Securities” and “SBL Approved Securities for Collateral” mentioned above shall take effect from 9 February 2012. RISK MANAGEMENT MARKET OPERATIONS Bursa Malaysia Securities Berhad 303632-P (Formerly known as Malaysia
    [Show full text]
  • FTSE Publications
    2 FTSE Russell Publications 28 October 2020 FTSE Malaysia USD Net Tax Index Indicative Index Weight Data as at Closing on 27 October 2020 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country AirAsia Group Berhad 0.16 MALAYSIA Hong Leong Bank 1.83 MALAYSIA Press Metal Aluminium Holdings 2.07 MALAYSIA Alliance Bank Malaysia 0.48 MALAYSIA Hong Leong Financial 0.66 MALAYSIA Public Bank BHD 9.5 MALAYSIA AMMB Holdings 1.1 MALAYSIA IHH Healthcare 2.99 MALAYSIA QL Resources 1.31 MALAYSIA Astro Malaysia Holdings 0.22 MALAYSIA IJM 0.87 MALAYSIA RHB Bank 1.3 MALAYSIA Axiata Group Bhd 2.49 MALAYSIA IOI 2.73 MALAYSIA Sime Darby 1.65 MALAYSIA British American Tobacco (Malaysia) 0.27 MALAYSIA IOI Properties Group 0.31 MALAYSIA Sime Darby Plantation 3.39 MALAYSIA CIMB Group Holdings 4.14 MALAYSIA Kuala Lumpur Kepong 2.05 MALAYSIA Sime Darby Property 0.38 MALAYSIA Dialog Group 3.3 MALAYSIA Malayan Banking 8.28 MALAYSIA Telekom Malaysia 0.93 MALAYSIA Digi.com 2.8 MALAYSIA Malaysia Airports 0.74 MALAYSIA Tenaga Nasional 7.53 MALAYSIA FGV Holdings 0.41 MALAYSIA Maxis Bhd 2.65 MALAYSIA Top Glove Corp 8.82 MALAYSIA Fraser & Neave Holdings 0.64 MALAYSIA MISC 1.9 MALAYSIA Westports Holdings 0.8 MALAYSIA Gamuda 1.48 MALAYSIA Nestle (Malaysia) 1.69 MALAYSIA YTL Corp 0.72 MALAYSIA Genting 1.34 MALAYSIA PETRONAS Chemicals Group Bhd 3.28 MALAYSIA Genting Malaysia BHD 1.11 MALAYSIA Petronas Dagangan 1.18 MALAYSIA Hap Seng Consolidated 0.93 MALAYSIA Petronas Gas 1.79 MALAYSIA Hartalega Holdings Bhd 5.25 MALAYSIA PPB Group 2.49 MALAYSIA Source: FTSE Russell 1 of 2 28 October 2020 Data Explanation Weights Weights data is indicative, as values have been rounded up or down to two decimal points.
    [Show full text]
  • Express Autopay Enrolment Form 2
    Terms and Conditions Malayan Banking Berhad (3813-K) (“Maybank”) is the issuer of the American 10. Cardmember must withdraw by the first of the month to ensure that the Express Card and provider of financial services to holders of the American following month’s bills are not charged to their American Express Card Express Card (“Cardmember”). American Express Card Account (“Card Account. For municipality assessment bills, Cardmember must withdraw by Account”) means the Card account of the Cardmember. December 1 and June 1, to ensure that their 1st and 2nd biannual assessment bills (respectively) are not charged to their American Express The following Terms and Conditions cover Cardmember’s enrolment Card Account. and participation in Express AutoPay, American Express’ Automatic Bill Settlement (“Services”) with participating municipalities, Telecommunication 11. Applicant understand and accept that Maybank may provide the Service Service Providers, Tenaga Nasional Berhad and Telekom Malaysia Berhad and Provider with your current card account status, American Express Card Astro (“Service Provider”). number and/or expiration date to permit the Service Provider to continue billing your Charges on a recurring basis to your account (“Autopay Charges”). 1. The Cardmember shall complete and return the Enrolment Form The MAS American Express® Card Maybank may also take such steps if your account number changes or if we to Maybank. issue a renewal or replacement Card to you. 2. Maybank upon receipt of the Enrolment Form will procure confirmation 12. Your enrolment in this Service will be terminated automatically upon Express AutoPay from the respective Service Providers. cancellation or termination of your American Express Card Account.
    [Show full text]
  • Investor Presentation
    INVESTOR PRESENTATION COE – INVESTOR RELATIONS 01 INTRODUCTION TO TENAGA 02 REGULATORY AGENDA 03 BUSINESS STRATEGY & DIRECTION 04 DIVIDEND POLICY 05 FY2020 OUTLOOK 06 APPENDIX INTRODUCTION TO TENAGA Regulatory & Shareholding Structure REGULATORY & SHAREHOLDING STRUCTURE LEADERSHIP POSITION PRIME MINISTER / TNB Market Cap CABINET As at 25th Nov 2020: RM62.6bn • Ranked 1st for Utilities Company • Ranked 3rd in KLCI Shareholders Policy Maker Sabah Electricity Ministry of Energy and Natural Ministry of Finance Holds Sdn Bhd (SESB) ‘Golden’ Resources (KeTSA) (83% owned by TNB) Share a) Khazanah Dependable Capacity: 1,223MW b) PNB c) EPF 70.1% Implementor Tenaga Nasional Bhd (TNB) d) KWAP ENERGY COMMISSION (Regulator) e) Other Govt. Agencies - Promote competition - Protect interests of consumers Local Corp. & Retail 15.6% - Issue licenses MALAYSIA - Tariff regulation Foreign 14.3% Market Participant Sarawak Energy Bhd Tenaga Nasional Berhad IPP (SEB) CONSUMERS 3 Note: Data / Info as at 30th Sept 2020 3 INTRODUCTION TO TENAGA Regulated & Non-Regulated Business Generation Grid/Transmission Distribution Network & Retail Non-Regulated Business Regulated Business TNB Generation Mix: Installed Capacity: Distribution Network Length: 25,122MW Transmission Network Length: 683,008KM TNB: 14,591MW @ 58.1% Solar 0.1% IPP: 10,532MW @ 41.9% 23,964KM Distribution Substations: Hydro 5.5% Generation Market Share: 83,467 61.5% Transmission Substations: Core Business Core 456 Gas & LNG 28.4% SAIDI: Equivalent Availability Factor 33.9mins (EAF): Transmission System Minutes: Coal 65.9% 88.3% Customer Satisfaction Index (CSI): Note: TNB installed capacity & Market Share 0.05 mins are based on gross capacity 8.1 Source: TNB Data / Info as at Sept 2020 Main Subsidiaries Non-Regulated Business Operation &Maintenance (O&M) Renewables, Energy Efficiency & Other Services Education & Research • TNB Repair & Maintenance Sdn.
    [Show full text]
  • The Financial Year 2012 Was, Without Doubt, Another Challenging Period for Tenaga Nasional Berhad (Tnb)
    KEEPING THE LIGHTS ON YOU SEE Tenaga Nasional Berhad www.tnb.com.my No. 129, Jalan Bangsar, 59200 Kuala Lumpur Tel: 603 2180 4582 Fax: 603 2180 4589 Email: [email protected] Annual Report Annual 2012 Tenaga Nasional Berhad Tenaga 200866-W annual report 2012 WE SEE... OUR COMMITMENT TO THE NATION >OH[ `V\ ZLL PZ Q\Z[ VUL ZTHSS WPLJL VM [OL IPN WPJ[\YL 6\Y YVSL PZ [V WYV]PKL TPSSPVUZ VM 4HSH`ZPHUZ ^P[O HMMVYKHISL YLSPHISL LMMPJPLU[ HUK \UPU[LYY\W[LK HJJLZZ [V LSLJ[YPJP[` -YVT WV^LYPUN [OL UH[PVU»Z HKTPUPZ[YH[P]L JHWP[HS [V SPNO[PUN \W OV\ZLOVSKZ HUK LTWV^LYPUN HSS ZLJ[VYZ VM [OL LJVUVT` ^L OH]L OLSWLK YHPZL [OL X\HSP[` VM SPML PU [OL JV\U[Y` HUK ZW\Y [OL UH[PVU»Z WYVNYLZZ V]LY [OL `LHYZ 4VYL [OHU Q\Z[ SPNO[PUN \W OVTLZ HUK Z[YLL[Z ;5) PZ JVTTP[[LK [V LUZ\YPUN [OH[ L]LY` 4HSH`ZPHU PZ HISL [V LUQV` [OL ILULMP[Z VM LSLJ[YPJP[` LHJO HUK L]LY` KH` VM [OL `LHY I` RLLWPUN [OL SPNO[Z VU KEEPING THE LIGHTS ON INSIDEwhat’s TO BE AMONG THE LEADING VISION CORPORATIONS IN ENERGY AND RELATED BUSINESSES 4 Notice of the 22nd Annual General Meeting 7 Appendix I 9 Statement Accompanying Notice GLOBALLY of the 22nd Annual General Meeting 10 Financial Calendar 11 Investor Relations 14 Share Performance WE ARE 15 Facts at a Glance 16 Chairman’s Letter to Shareholders COMMITTED TO 22 President/CEO’s Review 33 Key Highlights 34 Key Financial Highlights EXCELLENCE 35 Five-Year Group Financial Summary MISSION IN OUR 36 Five-Year Group Growth Summary PRODUCTS AND SERVICES KEEPING THE LIGHTS ON Corporate Framework Operations Review 40 About Us 135 Core Businesses 42 Corporate Information 136 Generation 1 44 Group Corporate Structure 142 Transmission 5 46 Organisational Structure 146 Distribution 47 Awards & Recognition 153 Non-Core Businesses 51 Key Past Awards 154 New Business & Major Projects 54 Media Highlights 160 Group Finance 56 Calendar of Events 163 Planning 62 Milestones Over 60 Years 168 Corporate Affairs & Services 175 Procurement Performance Review Other Services 179 Sabah Electricity Sdn.
    [Show full text]
  • Corporate Earnings Improved in 2Q
    Headline Corporate earnings improved in 2Q MediaTitle The Malaysian Reserve Date 03 Sep 2021 Language English Circulation 12,000 Readership 36,000 Section Companies Page No 10 ArticleSize 399 cm² Journalist S BIRRUNTHA PR Value RM 12,569 Corporate earnings improved in 2Q Expectations of a more robust commented the FBM KLCI component stocks delivered a set of 2Q21 results that recovery in the coming quarters had yet to show meaningful improvement could be on hold sequentially. He views this as due to the reintroduc- by S BIRRUNTHA tion of various pandemic restrictions against a backdrop of surging Covid-19 THE corporate sector's second-quarter infections which weighed on corporate (2Q) financial results reporting season financial performance. appears to be healthier in terms of face According to Ng, six FBM KLCI compo- value, with the number of companies nent stocks, namely, CIMB Group Holdings meeting and/or exceeding expectations Bhd (lower operating expenditure), Sime trumping those that missed, Public Invest- Darby Group Bhd (stronger vehicle and ment Bank Bhd (Publiclnvest) stated results heavy equipment sales), Sime Darby Plan- from the banking, plantation and consu- tation Bhd (higher crude palm oil prices), mer sectors exceeded expectations. IHH Healthcare Bhd (Covid-19-related "A closer look into the results will reveal patients and effective cost-saving initia- some extremes. Be it a function of over- •S^SL, * tives), Petronas Chemicals Group Bhd pessimism or under-estimation, results (higher product prices) and Tenaga Nasional
    [Show full text]
  • Ac 2021 61.Pdf
    Accounting 7 (2021) 1033–1048 Contents lists available at GrowingScience Accounting homepage: www.GrowingScience.com/ac/ac.html Can investors benefit from corporate social responsibility and portfolio model during the Covid19 pandemic? Ternence T. J. Tana* and Baliira Kalyebarab aFaculty of Business, Economics and Social Development, University of Malaysia Terengganu, Kuala Nerus, Terengganu, Malaysia bDepartment of Accounting and Finance, School of Business, American University of Ras Al Khaimah, United Arab Emirates C H R O N I C L E A B S T R A C T Article history: Since late 2019 and throughout 2020, the global economy has been experiencing difficult times due Received: November 15, 2020 to the outbreak of the lethal Coronavirus (COVID-19). This study looks at the financial impact of Received in revised format: this epidemic on the global economy using Malaysian market index i.e., FTSE Bursa Malaysia KLCI January 28 2021 before and during COVID-19. Measuring the financial impact of this epidemic on the Malaysia Accepted: March 2, 2021 Available online: economy may help policy makers to develop measures to avert similar financial catastrophic impacts March 2, 2021 on the global economy. The study uses Sharpe optimal and naïve diversification model to solve a scenario that factors in the level of corporate social responsibility (CSR) exhibited before and during Keywords: Corporate Social Responsibility the epidemic to measure the financial impact on the stock portfolio. The results show that the Naïve Diversification emergence of COVID-19exacerbated the already weak Malaysian economy. Our findings may help Optimal Portfolio the policy makers in Malaysia to develop and maintain techniques and policies that may mitigate the Sharpe Ratio negative financial impact and handle similar epidemics in the future.
    [Show full text]
  • Telco, Service Providers Offer Free Data and Discounts During
    Headline Telco, service providers offer free data and discounts during MCO MediaTitle The Malaysian Reserve Date 27 Mar 2020 Language English Circulation 12,000 Readership 36,000 Section News Page No 7 ArticleSize 604 cm² Journalist S BIRRUNTHA PR Value RM 19,026 Telco, service providers offer free data and discounts during MCO TM is providing its from time to time in the effort to customers with free LTE curb the spread of Covid-19. On another note, OCBC Bank hotspot pass and a 7-day (M) Bhd, together with its Islamic unlimited data pass banking subsidiary OCBC Al-Amin Bank Bhd, has announced by S BIRRUNTHA that it will absorb the RM1 auto- mated teller machine (ATM) cash MALAYSIAN telecommunica- withdrawal fee levied to its cus- tion companies (telcos) and tomers for using another bank's service providers have taken the ATM in the country. initiative to ensure that customers OCBC Bank head of consumer stay connected during the Move- financial services Lim Wyson said ment Control Order (MCO) by the initiative is part of the bank's offering free unlimited data concerted efforts to encourage access to telco users, as well as people to comply with the MCO. discounts on bill payments for "By absorbing the RM1 cash Malaysians. withdrawal fee, we are removing Telekom Malaysia Bhd (TM) yet another hurdle to getting said it will continually monitor people home more quickly," he the developments of the situa- said in a statement. tion and adapt its services Lim added that to minimise the to help customers, whenever use of ATMs beyond when abso- needed.
    [Show full text]
  • True Visa Credit Card – Other Benefits
    TRUE VISA MASTERCARD – FREQUENTLYTRUE VISA CREDIT ASKED CARD QUESTIONS – OTHER BENEFITS Get more out of life with your TRUE VISA Credit Card. Indulge in the finer things in life with our irresistible array of promotions, rewards and exclusive member privileges. Get to enjoy more lifestyle choices with us. Supplementary Card Share the pleasures and privileges of your card membership with your loved ones with the gift of a Supplementary Card. AmBank Spot Deals and Privileges Discover exciting deals and rewards with AmBank Spot. Enjoy special offers and privileges when you use your AmBank Credit Card at over 700 AmBank Spot merchant locations across the country. Indulge in dining privileges that will set your gastronomic senses alive, plus other fun-filled deals and promotions that let you shop, unwind and be entertained. Stay updated at ambankspot.com with the latest red hot AmBank Spot offers. Auto BILLPAY Pay your monthly bills on time, no rush and no long queue. Just enroll your bills with Auto BILLPAY, a free service for your convenience, and you can have your monthly bills automatically debited from your TRUE VISA Credit Card. Enjoy this hassle free utility bill payment for service providers such as Tenaga Nasional Berhad, Telekom Malaysia, Astro, Telco (Maxis, DiGi & Celcom), Allianz Insurance, MCIS Zurich and Zurich Insurance. 0% Easy Payment Plan (EPP) Stretch your money further at no additional cost with this interest free instalment plan. Enjoy up to 36 months of interest free instalment payments when you indulge yourself on big ticket items at over 1,000 participating merchant locations nationwide from mobile devices, electrical to home furnishings and personal wellness or beauty.
    [Show full text]
  • Press Statement
    PRESS STATEMENT S.A. 2020/06/46(HQ) TNB AFFECTED BY VOLATILE FOREIGN EXCHANGE IN Q1 2020, PREPARES FOR PROLONGED CHALLENGES POST COVID-19 Group PAT down 51% to RM736.7 million Revenue fell 12% to RM11.65 billion Electricity sales stable at 27,938.2 GWh Tenaga Nasional Berhad‘s group profit after tax (PAT) declined by 51.6 percent to RM736.7 million in the First Quarter Financial Year 2020 (1QFY2020) from RM1.52 billion in the same period last year. The lower PAT includes unrealised forex loss of RM388 million. The quarter saw volatile forex due to uncertainties in the global economy. The Group’s revenue decreased 12.0 percent to RM11.65 billion from RM13.24 billion in the same period last year, as overall revenue was impacted by the Imbalance Cost Pass Through (ICPT) being in a rebate position of RM307.5 million as against a surcharge position of RM1.37 billion in the corresponding quarter. Electricity sales in the first three months of this year was however, stable at 27,938.2 GWh or RM11.78 billion compared with 28,471.1 GWh or RM12.03 billion in the first quarter of 2019. EBITDA margin improved 3.8 percent year-on-year due to a 15.4 percent decrease in operating expenses in the first quarter of 2020. International Portfolios In March 2020, TNB acquired the remaining 20 percent stake of Tenaga Wind Ventures UK Ltd. The Group intends to leverage on its UK investments and assets as a platform to grow its Renewable Energy portfolio, given the growth potential as the world shifts towards sustainable energy sources.
    [Show full text]
  • The Relationship Between Macroeconomic Variables and FTSE Bursa Malaysia Kuala Lumpur Composite Index
    ISSN (Print) : 0974-6846 Indian Journal of Science and Technology, Vol 10(12), DOI: 10.17485/ijst/2017/v10i12/112974, March 2017 ISSN (Online) : 0974-5645 The Relationship between Macroeconomic Variables and FTSE Bursa Malaysia Kuala Lumpur Composite Index Nur Ainina Awang, Siti Aida Sheikh Hussin and Zalina Zahid Department of Statistics and Decision Sciences, Universiti Teknologi MARA, Shah Alam, Malaysia; [email protected], [email protected], [email protected] Abstract This study aims to examine the relationship between top ten constituents in FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) with a set of macroeconomic variables and industrial production using Johansen co-integration test. This study also analyzes the respond of each macroeconomic variable on the stock indices using Impulse Response Function with macroeconomic variables and that the shocks of stock indices on its own shock contribute the largest portion followed by(IRF) money and forecastsupply. In error addition, decomposition. we apply GARCH The findings (1, 1) showmodel a to long-run determine relationship which macroeconomic between each affectsstock index volatility in FBM of stockKLCI indices. The result shows that macroeconomic volatility does not affect much on Genting and IHH Healthcare, but Public Bank Bhd, Tenaga Nasional, Malayan Banking, CIMB Group Holdings, Axiata Group Bhd, Petronas Chemicals Group Bhd are affected by the volatility of macroeconomic variables. Keywords: Forecast Error Decomposition, Impulse Response Function, Johansen Co Integration Test 1. Introduction Malaysian composite index, however the macroeconomic variables on stock indices may give different out comes Equity prices, considered as the most firmly watched as compared to the broader market index.
    [Show full text]