JF Apex Research expects Tenaga Nasional, Naim, Gamuda, Mudajaya and Malaysia Airports Holdings (MAHB) to see some trading action on Friday after the corporate results announcement and contracts awarded.
It said Tenaga’s 3QFY16 net profit jumped 192% on-year to RM2.31bil mainly due to sharply lower recognition of over recoverability of ICPT (imbalance cost pass through) amounting to RM537.6mil in the quarter under review compared with RM1.82bil a year ago. The increase in electricity consumption also boosted earnings.
JF Apex Research also said the JV of Naim and Gamuda won a RM1.57bil contract for the Pan Borneo Highway.
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It said Tenaga’s 3QFY16 net profit jumped 192% on-year to RM2.31bil mainly due to sharply lower recognition of over recoverability of ICPT (imbalance cost pass through) amounting to RM537.6mil in the quarter under review compared with RM1.82bil a year ago. The increase in electricity consumption also boosted earnings.
JF Apex Research also said the JV of Naim and Gamuda won a RM1.57bil contract for the Pan Borneo Highway.
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