High Costs Due To Gas Shortage To Weigh Down Tenaga Nasional
Tenaga Nasional (TN) had spent close to RM2.1 billion from January 2010 to August this year to substitute gas with distillates (diesel), which cost five times more than gas, as a temporary measure in view of the gas supply shortage. Currently, the additional cost is incurred by TN through its reserves and TN has already depleted RM5 billion in reserves. TN has proposed to the government for the extra fuel costs to be shared between the utility, Petronas and IPPs (independent power producers). If the proposal does not come through, TN may have to go to the banks, for the first time ever, to seek money for its operational expenditure.
Significance: As a result of higher costs incurred and depletion of its reserves, TN expects its fourth quarter results to be possibly its worst performance ever.
AWC Rolls Out An Array Of Plans
AWC, an asset management company, is coming up with a one-megawatt solar power project in Malaysia. AWC also designs and supplies automated pneumatic waste collection system and is also involved in renewable energy and green building services. Meanwhile, AWC signed two agreements yesterday to buy 70% of Resource Data Management Asia (RDM Asia) and to collaborate with a green technology company, Resource Data Management (RDM), to enhance its capabilities as a pro-environment services provider in Asia.
Significance: As the market for RDM products in Malaysia is estimated at RM100 million and substantially higher for the potential market in Asia, AWC expects a healthy growth in the demand to likely contribute to a better topline.
YTL Corp Aims To Continue Growing At 20% CAGR
YTL Corp (YTL) hopes to continue growing at a compounded annual growth rate (CAGR) of 20% and is not retrenching or cutting down on its advertising and promotion expenses. For its 4G network, YTL will invest RM2.5 billion, on top of the RM2 billion it has invested so far, to build new towers to widen the coverage. Although YTL has not made a significant purchase over the last three years
Significance: Despite the gloomy global outlook, YTL is still optimistic on its business in Malaysia as the Malaysian economy looks set to ride on the government’s economic liberalisation program.
MORE
Tenaga Nasional (TN) had spent close to RM2.1 billion from January 2010 to August this year to substitute gas with distillates (diesel), which cost five times more than gas, as a temporary measure in view of the gas supply shortage. Currently, the additional cost is incurred by TN through its reserves and TN has already depleted RM5 billion in reserves. TN has proposed to the government for the extra fuel costs to be shared between the utility, Petronas and IPPs (independent power producers). If the proposal does not come through, TN may have to go to the banks, for the first time ever, to seek money for its operational expenditure.
Significance: As a result of higher costs incurred and depletion of its reserves, TN expects its fourth quarter results to be possibly its worst performance ever.
AWC Rolls Out An Array Of Plans
AWC, an asset management company, is coming up with a one-megawatt solar power project in Malaysia. AWC also designs and supplies automated pneumatic waste collection system and is also involved in renewable energy and green building services. Meanwhile, AWC signed two agreements yesterday to buy 70% of Resource Data Management Asia (RDM Asia) and to collaborate with a green technology company, Resource Data Management (RDM), to enhance its capabilities as a pro-environment services provider in Asia.
Significance: As the market for RDM products in Malaysia is estimated at RM100 million and substantially higher for the potential market in Asia, AWC expects a healthy growth in the demand to likely contribute to a better topline.
YTL Corp Aims To Continue Growing At 20% CAGR
YTL Corp (YTL) hopes to continue growing at a compounded annual growth rate (CAGR) of 20% and is not retrenching or cutting down on its advertising and promotion expenses. For its 4G network, YTL will invest RM2.5 billion, on top of the RM2 billion it has invested so far, to build new towers to widen the coverage. Although YTL has not made a significant purchase over the last three years
Significance: Despite the gloomy global outlook, YTL is still optimistic on its business in Malaysia as the Malaysian economy looks set to ride on the government’s economic liberalisation program.
MORE
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