Fuel margin improvement and future growth prospects to drive earnings
- Tenaga Nasional likely to post modest 2023 earnings rise
- Net profit forecasted to be MYR3.53 billion for 2023
- Revenue forecasted to be MYR52.89 billion for 2023
- Fuel margin likely turned positive in Q4 2023
- Guidance for 2024 will be in focus
Tenaga Nasional is expected to report its fourth quarter and full-year results on Tuesday. Analysts predict a net profit of MYR3.53 billion for 2023, up from MYR3.46 billion in 2022. Revenue is also expected to increase to MYR52.89 billion, driven by higher electricity sales. In the fourth quarter, the fuel margin is likely to turn positive as coal prices stabilize, which will help offset year-end expenses and boost net profit. Tenaga Nasional’s guidance for 2024 will be closely watched, as higher electricity sales to Singapore and rising power demand from data centers in Malaysia are expected to support earnings. Additionally, the company stands to benefit from the interconnection of regional power grids and its renewable-energy capacity expansion.
Factuality Level: 8
Factuality Justification: The article provides specific information about Tenaga Nasional’s upcoming financial results, including net profit and revenue forecasts, as well as factors that may impact the company’s performance. The information is sourced from analysts and research notes, which adds credibility to the content. There are no obvious signs of bias, sensationalism, or inaccuracies in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about Tenaga Nasional’s upcoming financial results, including net profit and revenue forecasts, factors affecting the company’s performance, and analysts’ insights on future prospects. The information is concise, focused, and supported by data, making it a valuable resource for investors or stakeholders interested in the company.
Financial Relevance: Yes
Financial Markets Impacted: Tenaga Nasional’s financial results may impact the stock market and investor sentiment towards the company.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses Tenaga Nasional’s financial results and future prospects, but there is no mention of any extreme events or significant impacts on financial markets or companies.
Public Companies: Tenaga Nasional (TENAGA)
Key People: Chong Lee Len (Analyst at UOB Kay Hian), BIMB Securities analysts (Analysts)
Reported publicly:
www.marketwatch.com 
