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Tenaga s tenders for 500 Kv substation should be out soon . Their other business like money lending , Construction doing OK. only Fibre Optics. Opcom not doing good. Hope they win 500 Kv tenders n Jendela 2 under Trans Grid Ventures. Many holding over 2 yrs + at prices over 59 sen.!!
Results improving from 0.24 to 0.46 Eps per Qtr. TNB has 30 billion allocated for it's 500 KV Substation under it's NETR road map. Lots of Investors bought at much higher price of 40 cents above and holding for 2.5 yrs. Transgrid. tendering for TNB tender and this will cause price to go up.
With EPS doubling to 0.46 and the massive RM30 billion TNB substation rollout under NETR providing a clear multi-year tailwind, Hextar Capital looks like a classic value play that is finally breaking out of its long consolidation phase to reward the patient holders trapped at the 40-cent level.
