【TENAGA 5347 交流专区】国家能源

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Type	Announcement
Subject	OTHERS
Description	TENAGA NASIONAL BERHAD ("TNB")ISSUANCE OF US$750.0 MILLION SUKUK ("SUKUK") PURSUANT TO THE MULTICURRENCY SUKUK ISSUANCE PROGRAMME OF US$2.5 BILLION (OR ITS EQUIVALENT IN OTHER CURRENCIES) BY TNB GLOBAL VENTURES CAPITAL BERHAD WITH TNB AS THE OBLIGOR ("SUKUK PROGRAMME")
1. INTRODUCTION We refer to the announcement dated 4 October 2016 in relation to the establishment of the Sukuk Programme. On behalf of TNB’s Board of Directors, CIMB Investment Bank Berhad is pleased to announce that TNB Global Ventures Capital Berhad, a wholly-owned subsidiary of TNB, has successfully issued US$750.0 million Sukuk pursuant to the Sukuk Programme on 1 November 2018. 2. FINANCIAL EFFECT OF THE ISSUANCE (i) Issued and paid-up share capital and substantial shareholders’ shareholding The issuance of the Sukuk will not have any effect on the issued and paid-up share capital of TNB and/or the substantial shareholders’ shareholding in TNB. (ii) Earnings and earnings per share (“EPS”), net assets per share and gearing Upon issuance of the Sukuk, TNB’s consolidated borrowings will increase by US$750.0 million (equivalent to approximately RM3.13 billion, based on the middle rate of US$1:RM4.18 as at 5.00 p.m. on 1 November 2018 as published by Bank Negara Malaysia). Based on TNB’s consolidated statement of financial position as at 30 June 2018, TNB’s consolidated gearing would then increase from 0.41 times to 0.43 times. The Sukuk issued will not have any impact on the earnings, EPS and net assets per share of TNB for the current financial year. This announcement is dated 1 November 2018.

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电力需求弱．税率成本高．国能第三季料逊色
http://www.sinchew.com.my/node/1812317


需求放缓-成本走高-国能第三季净利料疲弱
http://www.enanyang.my/news/20181121/需求放缓-成本走高-国能第三季净利料疲弱/

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国家能源Q3净赚5亿
財经 最后更新 2018年11月27日 21时13分
http://www.orientaldaily.com.my/s/269259

（吉隆坡27日讯）国家能源（TENAGA，5347，主板公用股）2018財政年第3季（截至9月30日止）净利为5亿零100万令吉；营收则是130亿7380万令吉。

基於公司更改结帐 日期，因此並没有去年同期对比数据。

首9个月而言，该公司的净利为38亿5850万令吉，营业额为378亿4570万令吉。

国家能源第3季的业绩大幅下跌，原因包括，第3季的营运开销按季上涨10.4%，同时，联號公司亏损高达9100万令吉，比次季的880万令吉高出10倍。

此外，该公司今年以来的外匯损失也比去年高，次季和第3季分別录得1亿6960万令吉，及1亿6670万令吉的兑换损失。

同时，国家能源第3季的財务成本亦走高，按季增加13%，至4亿2990万令吉，亦比去年6月至8月31日3个月期间的2亿9750万令吉高出42%。

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	13,073,800	0	37,845,700	0
2	Profit/(loss) before tax	904,600	0	4,843,900	0
3	Profit/(loss) for the period	511,400	0	3,896,600	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	501,000	0	3,858,000	0
5	Basic earnings/(loss) per share (Subunit)	8.83	0.00	68.01	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	30.27	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	10.1997		10.0757

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国家能源-3年财测下调
http://www.enanyang.my/news/20181129/国家能源-3年财测下调/

業績失望 財測下砍　國能遭遇拋售股價暴跌
財經 最後更新 2018年11月28日 20时58分
http://www.orientaldaily.com.my/s/269371

icy97

电费调涨，国能股价反跌……
http://www.sinchew.com.my/node/1824659/

icy97

国能斥资1.33亿-投资印度水力发电厂
http://www.enanyang.my/news/20181211/国能斥资1-33亿br-投资印度水力发电厂/

Type	Announcement
Subject	OTHERS
Description	TENAGA NASIONAL BERHAD ENTERS INTO AGREEMENT TO SUBSCRIBE TO GMR BAJOLI HOLI HYRDROPOWER PRIVATE LIMITED'S COMPULSORILY CONVERTIBLE DEBENTURES FOR INR2,256 MILLION
Tenaga Nasional Berhad (“TNB”) wishes to announce that it has today, on 10 December 2018,  via its wholly-owned subsidiary, TNB Topaz Energy Sdn. Bhd. (“TNBTE”), has entered into an agreement with GMR Bajoli Holi Hydropower Private Limited (“GBHH”) of India, GMR Energy Limited (“GEL”) and GMR Infrastructure Limited (“GIL”) to subscribe to a Compulsorily Convertible Debenture (“CCD”) issued by GBHH for INR2,256 million (equivalent to RM133.17 million based on Bank Negara Malaysia’s exchange rate of RM1.00:INR16.9042 as at 7 December 2018). TNBTE’s proposed subscription of the CCD instrument is to facilitate TNB’s direct investment in GBHH’s construction of a 180MW run-of-river hydroelectric power plant in within the Himalaya Range in the state of Himachal Pradesh, India. Overall project progress stands at 78% and the plant is expected to commence commercial operations by October 2019. This investment is in line with TNB’s strategy to grow its portfolio of energy assets in India as well as reinforcing its commitment to increasing its Renewable Energy (“RE”) portfolio. Please refer to the attachment for details of the Proposed Subscription. This announcement is dated 10 December 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6002609

Attachments TNB expands renewable footprint in India.pdf

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国能明年上半年续推ICPT　家用电费维持 商用附加费涨
財经 最后更新 2018年12月14日 21时50分
http://www.orientaldaily.com.my/s/271470

（吉隆坡14日讯）国家能源（TENAGA，5347，主板公用股）宣布，明年1月至6月期间，家庭用户电费维持不变，而商业及工业用户的的电费附加费则將从3月1日起至6月30日，调涨至每千瓦时2.55仙。

在截至明年6月30日止的6个月中，平均基本电费將维持在每千瓦时39.45仙。

国能发文告宣布，今日接获能源委员会（Suruhanjaya Tenaga）通知，成本转嫁机制（ICPT）將继续在2019年1月1日至6月30日继续推行。

附加费涨2.55仙

家庭用户在未来6个月仍无需缴交附加费，而商业及工业用户的附加费在1至2月期间，维持在每千瓦时1.35仙，但隨后的4个月则將上调至每千瓦时2.55仙。

文告指出，由於今年7月1日至12月31日的燃料和发电成本上涨，国家能源需承担的额外发电成本或不平衡成本（imbalance cost）达18亿2000万令吉。

主要是因为煤价平均上涨至每公吨97.835美元，高於设定2018年至2020年的第2监管期（RP2）基本电费时，作为参考的每公吨75美元。

为了降低转嫁成本对民间的衝击，政府批准了2项措施，包括动用电业基金（KWIE）承担原本需由家庭用户支付的3亿零800万令吉附加费。

因此，家庭用户未来6个月仍无需支付任何附加费。

另外，有5亿6400万令吉將被转嫁给商业及工业用户，国家能源將以2018年成本对营业额调整后节省的资金填补其中部份。

该调整是基於奖掖基础管制（IBR）机制下的RP2基本电费作出。

剩余需要由商业及工业用户承担的附加费总额为9亿4800万令吉。

为了提供商业用户足够的过渡期，2019年1月1日至2月28日的ICPT附加费，將维持在目前的每千瓦时1.35仙。

3月1日至6月30日，商业及工业用户將需缴交每千瓦时2.55仙的附加费。

Type	Announcement
Subject	OTHERS
Description	IMBALANCE COST PASS-THROUGH FOR JANUARY - JUNE 2019
Tenaga Nasional Berhad (“TNB”) wishes to inform that the Government of Malaysia (“Government”) has approved via a letter from Suruhanjaya Tenaga (“ST”) dated 14 December 2018, the continued implementation of Imbalance Cost Pass-Through (“ICPT”) mechanism for the period of 1 January until 30 June 2019. Due to higher fuel and generation cost for the period of 1 July until 31 December 2018, the additional generation cost or imbalance cost is RM1,820 million. This is mainly due to the increase in average coal price to USD97.835/metric tonne, as compared to the forecasted coal price set in the Base Tariff for Regulatory Period 2 (“RP2”) from 2018 to 2020, which is at USD75/metric tonne. To cushion the impact of high fuel and generation cost of RM1,820 million to be passed through to customers via the ICPT mechanism, the Government has approved the following mitigation measures: i.   Surcharge for domestic customers, amounting to RM308 million will be funded by Kumpulan Wang Industri Elektrik (“KWIE”). ii.  Part of the surcharge for non-domestic customers, amounting to RM564 million will be funded from cost and revenue adjustment of TNB for year 2018, which was agreed during the Base Tariff determination in RP2 under the Incentive Based Regulation (“IBR”) framework. Therefore, the remaining imbalance cost to be passed-through via the ICPT mechanism is RM948 million. The ICPT implementation for period 1 January 2019 until 30 June 2019 for full recovery of the remaining imbalance cost of RM948 million are as follows: i.    The average Base Tariff remain unchanged at 39.45 sen/kWh. ii.   Domestic Customers* – not affected by the ICPT surcharge No surcharge will be applied to domestic customers, as the ICPT surcharge will be funded by KWIE amounting to RM308 million. iii.  Non-Domestic Customers Imbalance cost of RM948 million will be passed-through to non-domestic customers via staggered ICPT surcharge implementation as follows: a.   Maintain the current ICPT surcharge of 1.35 sen/kWh for period 1 January 2019 until 28 February 2019. b.   Beginning 1 March 2019 until 30 June 2019, the applicable ICPT surcharge is 2.55 sen/kWh. This staggered ICPT surcharge is a once-off implementation to allow ample notice and provide adequate transition period to the non-domestic customers. Moving forward, electricity customers will now have the ability to estimate future ICPT impact using the ICPT Calculator available at www.myelectricitybill.my.   Please refer to ST’s website (http://www.st.gov.my/) for further details on the ICPT implementation. The ICPT is a mechanism approved by the Government and implemented by ST since 1 January 2014 as part of a wider regulatory reform called the IBR. ICPT mechanism allows TNB to reflect changes in fuel and generation costs in consumer’s electricity tariff every six (6) months. This mechanism is implemented according to Section 26 of Electricity Supply (Amendment) Act 2015. TNB also wishes to inform that the impact of ICPT implementation is neutral on TNB and will not have any effect to its business operations and financial position. This announcement is dated 14 December 2018. * domestic customers refer to residential customers.

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1.3亿投资印度水力发电厂-国能攻国际推盈利
http://www.enanyang.my/news/20181214/1-3亿投资印度水力发电厂-国能攻国际推盈利/

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调涨商用电费　国家能源获利有限
財经 最后更新 2018年12月17日 20时48分
http://www.orientaldaily.com.my/s/271846

（吉隆坡17日讯）虽然国家能源（TENAGA，5347，主板公用股）將在明年上半年维持成本转嫁机制（ICPT），並调涨商用附加费，但部份分析员认为，该公司获利料有限；不过，相信该消息有助稳定军心，分析员大致维持该股投资评级。

由于煤平均价攀高至每公吨97.835美元，高于每公吨75美元参阅价，导致今年7月1日至12月31日的燃料和发电成本上涨，而国能须承担的额外发电成本或不平衡成本（Imbalance cost）达18亿2000万令吉。

国能向用户收取的费用是基本电费，加上成本转嫁的附加费。

国能上週五（14日）宣布，在截至明年6月3 0日止的6个月中，平均基本电费將维持在每千瓦时39.45仙。

商业及工业用户的附加费在1月至2月期间，维持在每千瓦时1.35仙，但隨后的4个月將调涨至每千瓦时2.55仙；家庭用户在未来6个月內仍无需缴付附加费，因国能將从电力工业基金（KWIE）中取出3亿零8 0 0万令吉作为补贴。

此外，隨著电力需求走高，国能2018年的营收有望超越预期。因此，国能將需要回退3亿6 7 0 0万令吉，加上一些其他款项，总计5亿6400万令吉额外收入。

下砍盈利预测

这笔5亿6400万令吉额外收入，將抵消部份须转嫁予用户的成本。

扣除电力工业基金的拨款及成本对营收调整拨款5亿6400万令吉后，商业及工业用户仍需承担余下的9亿4800万令吉成本。

根据MIDF投行分析员称，该成本对营业额调整幅度高于预期。因此，该投行將国能2019財政年盈利预测下砍7%，至61亿令吉。

同时，基于相同理由，达证券亦將国能2018至2020財政年盈利预测稍微下修1%。

不过，令达证券感到惊喜的是，国能是按年度调整成本对营业额，这有助年度盈利更稳定。

肯纳格投行分析员则表示，不確定KWIE基金耗尽后，將会出现什么样的局面。

大马能源、科学、科技、气候变化及环境部早前在7月份宣布，KWIE可动用资金只有7亿6000万令吉。

倘若燃料价格高企，该笔资金预计將在2020年上半年耗尽。无论如何，该投行相信，任何燃料额外成本都將转嫁予客户。

另一方面，虽然政府有意改革能源市场，並开放该市场让新业者加入，但分析员坚信，国能可凭著现有广泛的基建设施以及成本优势迎战。

同时，过去稳定的效率也是公司的优势。

估值仍具吸引力

纵使维持成本转嫁机制对国能盈利贡献微，但各投行分析员一致认为，这可对国能低迷不振股价起到正面作用，有助恢復投资信心。同时，该股估值仍具有吸引力。

追踪国家能源的6家投行悉数维持该股投资评级，除了马银行投行的「守住」以外，另外5家投行都是「买进」以及「超越大市」。

然而，MIDF投行和达证券在週一分別將该股目標价从原先的16.80令吉和16.62令吉，大砍至14.60令吉和15.50令吉。

icy97

政策调整正面　国能疑虑消除
財经 最后更新 2018年12月19日 22时39分
http://www.orientaldaily.com.my/s/272128

（吉隆坡19日讯）隨著国家能源（TENAGA，5347，主板公用股）说明2018財政年末季起將按燃料价格调整机制（FPA）和奖掖管理机制（IBR）调整营收表现，分析员认为这將消除投资者对其净利前景的疑虑。

国家能源上周公佈明年上半年电费之后，召开一场匯报会，说明IBR的相关详情。

MIDF分析员指出，该公司未来每1季將对IBR机制第2个监管期（RP2，2018年至2020年）下的营收与实际营收之间的差异作出调整。

同时，他说，国家能源在2018財政年末季认列一笔5亿6400万令吉的营收差异。这笔数额如此庞大，因为这是追溯过去数季所作出的调整。但未来公司將会每季皆作调整，在4个季度逐步认列这笔营收差异。

国家能源在2018財政年的营收调整上限是3亿6700万令吉，不过还得考虑其他因素。

另外，达证券分析员指出，一次过认列庞大的拨备將会衝击国家能源的末季营收和盈利。而从2019財政年起的季度调整將直接反映在营收上。

末季净利料好转

另一方面，MIDF研究分析员相信，国家能源末季的净利表现料好转（不计年度营收调整），因为FPA机制將反映第3季暴涨的煤炭价格。

国家能源每1季將认列前1季FPA下的差额。因此，考虑到预估煤炭价格、实际成本与回溯认列的时间差异（比如国能以次季的煤炭价预测第3季的煤炭价，然后在第3季结束才回溯认列第2季预估与实际成本的差额），该公司每季业绩都会出现滯后效应。

採用这项认列方式，该公司今年末季可认列第3季高达4亿2200万令吉的差额。无论如何，该分析员仍將该公司2018財政年盈利预测下砍11%，以反映末季將认列的大笔营收差异，但维持2019財政年盈利预测。

达证券与MIDF研究都对上述政策调整感到正面，因而双双维持该股「买进」评级，目標价亦保持在15.50令吉和14.60令吉。

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Type	Announcement
Subject	OTHERS
Description	TENAGA NASIONAL BERHAD SECURES RM144 MILLION FINANCING FOR ITS SECOND LARGE SCALE SOLAR PROJECT
Tenaga Nasional Berhad is pleased to attach its press statement in respect of the abovementioned matter. This announcement is dated 10 January 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6032333

Attachments TNB SECURES RM144 MILLION FINANCING FOR ITS SECOND LARGE SCALE SOLAR PROJECT (002).pdf

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Type	Announcement
Subject	OTHERS
Description	EXTENSION OF SERVICE OF TENAGA NASIONAL BERHAD'S NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN
Tenaga Nasional Berhad ("TNB") is pleased to announce that its Board of Directors has approved the extension of service of Y.Bhg. Tan Sri Leo Moggie as the Non-Independent Non-Executive Chairman of TNB for one (1) year, effective from 12 March 2019 until 11 March 2020. This announcement is dated 21 February 2019.

哭哭鸟

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	12,546,800	0	50,392,500	15,692,200
2	Profit/(loss) before tax	202,700	0	5,046,600	2,843,500
3	Profit/(loss) for the period	-151,600	0	3,745,000	2,608,500
4	Profit/(loss) attributable to ordinary equity holders of the parent	-134,300	0	3,723,700	2,622,300
5	Basic earnings/(loss) per share (Subunit)	-2.37	0.00	65.62	46.32
6	Proposed/Declared dividend per share (Subunit)	23.00	0.00	53.27	21.41
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	10.1704		10.0716

Weida

牺盟政府是否愿意调低电费吗？

icy97

TENAGA NASIONAL BHD

EX-date	27 Mar 2019
Entitlement date	29 Mar 2019
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single-tier dividend of 23.0 sen per ordinary share for the Financial Year ended 31 December 2018
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Boardroom Share Registrars Sdn. Bhd.(Formerly known as Symphony Share Registrars Sdn. Bhd.)Level 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul EhsanMalaysiaTel.: 603-7849 0777Fax: 603-7841 8151/8152
Payment date	11 Apr 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	29 Mar 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.23

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Date of change	31 Mar 2019
Name	DATUK SERI IR. AZMAN BIN MOHD
Age	61
Gender	Male
Nationality	Malaysia
Designation	Chief Executive Officer
Directorate	Executive
Type of change	Resignation
Reason	Y.Bhg. Datuk Seri Ir. Azman bin Mohd will cease to be the President/Chief Executive Officer and Non-Independent Executive Director of TNB with effect from 31 March 2019.

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Date of change	02 Apr 2019
Name	ENCIK AMIR HAMZAH BIN AZIZAN
Age	51
Gender	Male
Nationality	Malaysia
Designation	Chief Executive Officer
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Science Degree in Management (Majored in Finance & Economics)	Syracuse University, New York, United States of America
2	Others	Stanford Executive Programme	Stanford University, Stanford, United States of America

Working experience and occupation

-  Group Chief Executive Officer, Themed Attractions Resorts & Hotels Sdn. Bhd. (2017 - Present)-  Managing Director, Icon Offshore Berhad (2016 - 2017)-  Vice President (Lubricants Business), Petroliam Nasional Berhad (2013 - 2016) -  Group Managing Director/Chief Executive Officer, Petronas Lubricants Int. Sdn. Bhd. (2012 - 2016)-  Vice President (Downstream Marketing), Petroliam Nasional Berhad (2011 - 2013) -  Managing Director & Chief Executive Officer, Petronas Dagangan Berhad (2010 - 2011)-  President & Chief Executive Officer, MISC Berhad (2009 - 2010)-  President & Chief Executive Officer, AET Tankers Holding Sdn. Bhd. (2005 - 2008)-  Regional Business Director, MISC Berhad (2004 - 2005)-  General Manager, Corporate Planning, MISC Berhad (2000 - 2004)-  Senior Treasury Advisor, Shell International Ltd. (1997 - 2000)-  Manager, Planning & Support, Sarawak Shell Bhd. (1996 - 1997)-  Performance Improvement Advisor, Sarawak Shell Bhd. (1996)-  Head of Financial Services, Sarawak Shell Bhd. (1995 - 1996)-  Corporate Finance Advisor, Shell Malaysia Ltd. (1993 - 1995)-  Marketing Credit Accountant, Shell Singapore Petroleum Company (Pte) Ltd. (1992 - 1993)

Directorships in public companies and listed issuers (if any)

1. UEM Edgenta Berhad