首页 社会内容详情
哈希108竞彩平台:Utility companies in good shape, says report

哈希108竞彩平台:Utility companies in good shape, says report

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

线上博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。线上博彩网址上线上博彩网址会员登录线路、线上博彩网址代理网址更新最快。线上博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

TNB’s power generation segment will enjoy the benefit of higher energy demand as the economy picks up, translating into higher earnings in the second half of the year, said Hong Leong Investment Bank (HLIB) Research.

PETALING JAYA: With the imbalance cost pass-through (ICPT) mechanism intact, earnings of Tenaga Nasional Bhd (TNB) will remain relatively stable.

The mechanism under the incentive-based regulation (IBR) framework allows TNB, as a utility, to reflect an increase or reduction in fuel and other generation-related costs in electricity tariffs every six months in the form of a rebate or surcharge.

On the back of this, TNB’s power generation segment will enjoy the benefit of higher energy demand as the economy picks up, translating into higher earnings in the second half of the year, said Hong Leong Investment Bank (HLIB) Research.

However, increasing commodity and fuel costs remain a concern, which could affect the group’s cash flow.

It noted that global commodity fuel costs have been on an increase since mid-2021 and accelerated starting of 2022 when the Russia-Ukraine conflict led to sanctions being implemented against Moscow, which is one of the major commodity fuel producing countries in the world.

“Coal prices have now recorded a high at US$400 per tonne (RM1,760/t), while gas prices have also remained high at RM52.89 a million British thermal unit (which is the volume measurement for natural gas),” said the research firm in a utilities sector outlook for the second half of 2022 (2H22).

,

哈希108竞彩平台www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希108竞彩平台开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

,

Despite the pass-through under the ICPT framework, HLIB Research said TNB will still have to pay the higher fuel costs upfront in the current period before being able to pass through in a subsequent review period.

“We believe the recently approved RM7bil ICPT for the 2H22 has not taken into account the surge of coal prices since March 2022.

“Hence, TNB’s receivables may continue to climb in the 2H22 if coal prices remain stubbornly high at current levels,” added the research firm.

TNB’s cash flow is expected to be affected due to the timing mismatch of having to pay for the high commodity fuel prices, but receiving approval and payments for ICPT adjustments at much later dates.

Nevertheless, it noted that the utility group has a large balance sheet to further leverage for short-term working capital purposes and is also committed to its dividend policy of 30% to 60% payout ratio.

“At the current juncture, we are still assuming a 40 sen dividend payout (based on 45% dividend payout ratio), translating into a 5.1% dividend yield,” said the research firm.

Apart from TNB, the research firm said Petronas Gas Bhd (PetGas)’s utility segment margin will also be affected by the high gas price trend, while electricity prices are fixed by the government.

  • 皇冠足球(www.hg108.vip) @回复Ta

    2022-09-11 00:28:43 

    4月7日,云南省应急管理厅发布通报,2月26日8时50分,云南省曲靖市罗平县罗雄街道欧陆风情21幢A单元801室发生火灾,10时14分火灾被扑灭。经搜救,在801室发现7人死亡,火灾未波及其他住户。火灾涉嫌人为纵火。哈哈哈,大家都在呀

发布评论