|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.75 - 12.75|
|52 Week Range||10.81 - 15.88|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||8.81|
|Forward Dividend & Yield||0.58 (4.59%)|
|1y Target Est||N/A|
Malaysia's sovereign wealth fund Khazanah Nasional Bhd said on Monday it is targeting a pretax profit this year of at least 5 billion ringgit ($1.2 billion), which would be its highest in eight years, after posting its first loss in a decade in 2018. "For this year, we hope to achieve profitability of at least 5 billion ringgit," Shahril Ridza Ridzuan, Khazanah's managing director, said in comments to reporters at the fund's annual conference. Last year Khazanah swung to a pretax loss of 6.3 billion ringgit from a profit of 2.9 billion ringgit in 2017, hit by higher impairments and lower dividend income.
Moody's Investors Service says that Tenaga Nasional Berhad's (TNB, A3 stable) announced restructure -- if completed as planned -- has no immediate impact on its A3 senior unsecured rating, because it will not materially affect TNB's baa2 baseline credit assessment (BCA) or our expectation for the likelihood of government support. TNB will also remain as Malaysia's (A3 stable) sole offtaker of power and grid system operator. "Moody's also expects that the proposed restructure will not weaken TNB's strategic importance to Malaysia's power sector, because it will remain the owner of the monopoly transmission and distribution network, as well as the country's largest power generator by generation capacity," says Spencer Ng, a Moody's Vice President and Senior Analyst.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tenaga Nasional Berhad (Tenaga) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
* Philippines June inflation cools, sparks hopes of policy easing * Tenaga Nasional's 3.8% drop dents Malaysia index * Thai stocks mark seventh consecutive weekly gain By Rashmi Ashok July 5 (Reuters) - Philippine stocks ended firmer on Friday in line with a broader global rally, after tepid local inflation data fuelled hopes of a rate cut, while Malaysian shares were tugged lower by heavy losses in utility giant Tenaga Nasional. Meanwhile, other markets traded in tight range ahead of the U.S. non-farm payrolls data, due later in the day, which will help make or break the case for a rate cut by the Federal Reserve.