It is expected to benefit substantially from the sliding yen, given its sizeable exposure to the currency.
It was not unusual for TNB to be among the top beneficiaries, given its sizeable foreign debt. Likewise, TNB would see its interest and principal repayments increase in a firmer yen scenario.
As at Nov 30, 2012, TNB had RM4.71bil yen-denominated loans, accounting for about 21% of its total outstanding loans of RM22.4bil. Its US dollar-denominated loans during the period stood at RM2.76bil. Its total ringgit equivalent of foreign currency borrowings is RM7.47bil.
A 10% decline in the yen vis-vis the ringgit over an extended one-year period would bring about an incremental RM470mil of forex translation gain or 12% against estimated net profit forecast of RM3.78bil for financial year ending Aug 31, 2012.
TNB is expected to announce its financial results on April 19 2013.
However critics say that the weaker yen might only mean a paper gain for TNB unless the company had actually made payments for its yen-denominated loans.
Its share price (April 2013) has charted new highs lately on expectations of an improved financial performance and lower coal prices.
TNB is currently (April 2013) bidding for two new coal-fired power plants of 1,000MW (Project 3A) and 2x1,000MW (Project 3B).
As TNB continues to rally, TNB is already earning higher-than-usual return on invested capital at present (April 2013), in part due to Government aid (subsidised gas, and oil and distillates compensation). Any industry reforms are unlikely to materially boost TNB's profitability. In fact, do not rule out the possibility of TNB's profitability being squeezed.
11 comments:
I am in fact thankful to the holder of this website who has shared this impressive piece of writing at
here.
Take a look at my web site cool british golden retrievers info
I do not even know how I ended up here, but I thought this post was good.
I do not know who you are but certainly you are going to a famous blogger if you aren't already ;) Cheers!
Review my page Useful Source
What a material of un-ambiguity and preserveness of precious know-how about unexpected emotions.
my web page: golden retriever lab mix puppy
I'm really enjoying the design and layout of your blog. It's a very easy on the eyes which makes it much more enjoyable
for me to come here and visit more often. Did you hire out a designer to create your theme?
Fantastic work!
Here is my webpage ... website here
I'm truly enjoying the design and layout of your website. It's a very
easy on the eyes which makes it much more enjoyable for me to come here and visit more often.
Did you hire out a designer to create your theme?
Exceptional work!
Check out my website - handy golden labrador puppies info
Thank you for sharing your thoughts. I truly apprecіаte youг effоrtѕ and Ӏ am waiting for your further wrіte ups thanks once again.
Also visit my webpage - wire-wound resistor
I am sure thiѕ piece of writing hаs touched all the internet
visitors, its reallу really nice articlе on building
up new ωebsite.
My blog resistor color code
Wоω, incredible blog layout! How long have you bеen blogging for?
you make blοgging look eаsy.
Thе oѵeгall looκ of yοur web site is magnіfісent,
let alone thе сontent!
my webѕite; georg Ohm
Υou coulԁ сertainly seе your skillѕ іn the article уou ωrite.
Тhe arena hopes for mοre pasѕionаte wrіtеrѕ such
aѕ you who are nοt afraid tо mentiοn hοw they believe.
At all timеs fοllow your heагt.
Mу websіte ... varistors
I have not come across a better brokerage platform than the one offered by FXB Trading. Its website and its quality customer support service team have earned confidence as well as respect of many traders. This brokerage service is well known for its legitimate dealings and its secure fund segregation. Trading is made simple at this place and there is plenty of flexibility on offer in the opening of positions.
☑️DO YOU WANT TO RECOVER YOUR LOST FUNDS ON CAPITAL INVESTMENTS, BITCOIN INVESTMENTS, AND OTHER SCAM TRADING INVESTMENTS ??? TAKE YOUR TIME TO READ🔘
☑️ The COMPOSITE CYBER SECURITY SPECIALISTS have received numerous complaints of fraud associated with websites that offers opportunities for Capital Investments, bitcoin investments and Trading on an Internet-based trading platforms. Most Of The complaints falls into these Two categories:
1. 🔘Refusal to credit customers accounts or reimburse funds to customers:
These complaints typically involve customers who have deposited money into their trading or investment account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancels customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.
2. 🔘Manipulation of software to generate losing trades:
These complaints allege that the Internet-based Investment and trading platforms manipulate the trading software to distort the Trading prices and payouts in order to ensure that the trade results in a Loss. For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.
☑️ Most people have lost their hard earned money through Scam Investments And Trading, yet they would go and meet fake recovery Experts unknowingly to help them recover their money and they would end up losing more money in the process. This Is Basically why we (COMPOSITE CYBER SECURITY SPECIALISTS) have come to y’all victim’s rescue. The clue is most of these Brokers have weak Database security, and their vulnerabilities can be exploited easily with the Help of our Special HackTools, Root HackTools And Technical Hacking Strategies because they wouldn’t wanna spend money in the sponsorship of Bug bounty Programs which would have helped protect their Database from Unauthorized access to their Database, So all our specialists do is to hack into the Broker’s Database via SQL Hook injections & DNS Spoofing, Decrypt your Transaction Details, Trace the Routes of your Deposited Funds, Then some Technical Hacking Algorithms & Execution Which we cant explain here would follow then you have your money recovered. 💰 ✔️
☑️All our Specialists are well experienced in their various niches with Great Skills, Technical Hacking Strategies And Positive Online Reputations And Recommendations🔘
They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients.
We have Digital Forensic Specialists, Certified Ethical Hackers, Software Engineers, Cyber Security Experts, Private investigators and more. Our Goal is to make your digital life secure, safe and hassle free by Linking you Up With these great Professionals such as JACK CABLE, ARNE SWINNEN, SEAN MELIA, DAWID CZAGAN, BEN SADEGHIPOUR And More. These Professionals are Well Reserved Professionals who are always ready to Handle your job with great energy and swift response so that your problems can be solved very quickly.
All You Need to Do is to send us a mail and we’ll Assign any of these specialists to Handle your Job immediately.
☑️ Below Is A Full List Of Our Services:
* FUNDS RECOVERY ON INVESTMENT AND TRADING.
* WEBSITE HACKING
* CREDIT REPAIR.
* PHONE HACKING (giving you Unnoticeable access to everything Happening on the Target’s Phone)
* CLEARING OF CRIMINAL RECORDS
* SOCIAL MEDIA ACCOUNTS HACKING
☑️ CONTACT:
••• Email:
composite.cybersecurity@protonmail.com
🔘2020 © composite cybersecurity specialists
🔘Want faster service? Contact us!
🔘All Rights Reserved ®️.
Post a Comment