Latest news with #Tenaga
New Straits Times
06-07-2025
- Business
- New Straits Times
Malaysia tipped to lead regional data centre race
KUALA LUMPUR: Malaysia is cementing its position as Southeast Asia's preferred data centre (DC) hub, with construction opportunities linked to the sector estimated to be worth up to RM180 billion over the next few years. Hong Leong Investment Bank (HLIB) said the DC investment narrative remains "firmly in place", driven by Malaysia's ample land availability, cost competitiveness and faster deployment compared with regional peers like Indonesia, the Philippines and Vietnam. "Malaysia is no longer just a spillover market from Singapore. It is the go-to destination for hyperscalers," HLIB said in a thematic note following its 19th Bursa Malaysia-HLIB Stratum Focus Series. Citing Tenaga Nasional Bhd's 6.4 gigawatt DC pipeline and projected construction and engineering costs of RM30 million to RM40 million per megawatt, HLIB estimated the pipeline could generate RM120 billion to RM180 billion worth of contract value. "This is four to six times larger than the total contract awards tracked during the light rail transit rollout years, and two to three times more than the peak of mass rapid transit-related disbursements in 2016," it said. In the first quarter of 2025 alone, Malaysia approved RM90 billion in investments. Of that, RM35 billion, or 93 per cent of the information and communications subsector, was related to data centres. HLIB said most DC operators are sitting on ample undeveloped landbanks, enough to support phased build-outs over the next one to two years. This points to a market entering a consolidation phase, not a slowdown in construction activity. To support the anticipated surge, HLIB expects a sharper focus on power and water infrastructure upgrades, especially as next-generation DCs adopt artificial intelligence and quantum computing workloads. "These newer workloads require four times more power and specialised cooling systems. Hence, a timely infrastructure rollout will be critical," it said. Among the companies expected to benefit from the boom are IJM Corp Bhd, MN Holdings Bhd and Master Tec Group Bhd. IJM, which has submitted several DC tenders this year, is seen as a "prime laggard-play" in the construction sector. The company currently has three ongoing DC projects in Johor and has made inroads with international players seeking to expand hyperscale infrastructure in Malaysia. MN Holdings stands to gain from Tenaga's planned rollout of 500 kilovolt (kV) substations in Johor's DC hotspots. The company's RM1.1 billion order book is made up of about 90 per cent substation engineering work. It is also seeing strong demand for high-voltage transmission jobs, especially in the 275kV segment, which offers better margins. Meanwhile, Master Tec, a cable manufacturer, is expanding into the production and trading of higher-voltage cables to meet growing demand from DC projects and Tenaga's transmission infrastructure. The company recently added new medium-voltage capacity and is targeting entry into the 33kV and 275kV segments to strengthen its position in Malaysia's power infrastructure market. HLIB also identified Tenaga Nasional Bhd, YTL Power International Bhd, Solarvest Holdings Bhd, Southern Cable Group Bhd, SMRT Holdings Bhd, Gamuda Bhd and Telekom Malaysia Bhd as key DC beneficiaries under its coverage.
The Star
01-07-2025
- Business
- The Star
Bursa Malaysia maintains rally as progress seen in US tariffs negotiations
KUALA LUMPUR: Bursa Malaysia made another positive start on Tuesday as the rally in global markets continued amid signs of easing tensions in US President Donald Trump's trade war. The benchmark FBM KLCI rose 1.03 points to 1,533.99, continuing its ascend for the fourth straight session. Overnight, Wall Street stocks ended higher amid progress between the US and its trading partners ahead of the end of the 90-day tariff reprieve next week. Malacca Securities said it maintains a positive stance on the construction and utility sectors, given the foreign inflows into the data centres segment. "Also, we note that with Tenaga's CapEx extending into 2H25, we believe it will benefit power infrastructure specialist as well as cable manufacturers going forward. "For a defensive approach, we believe REIT will be favourable to outperform, in view of the sector's average dividend yield, which stands at 4-5%," it said in its market commentary. Among the blue chips, Nestle rose 56 sen to RM77.27, Tenaga Nasional gained 10 sen to RM14.48 and PPB climbed eight sen to RM10.36. Of actives, NexG rose 0.5 sen to 37.5 sen, SFP Tech was flat at 20 sen and Magma was unchanged at 49 sen.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
Tenaga 1Q net profit jumps 48% on forex gains and lower costs
TENAGA Nasional Bhd posted a strong start to its 2025 financial year with a 48% rise in net profit to RM1.1 billion for the first quarter ended March 31, 2025 (1Q25), driven by foreign exchange gains and a 3% decline in operating expenses. Revenue grew 17.6% to RM16 billion, boosted by higher electricity sales under the regulatory incentive-based framework. The group recorded a foreign exchange gain of RM38.9 million compared to a RM171.3 million loss a year earlier, and benefited from an over-recovery in fuel costs of RM175.2 million versus a large under-recovery previously. Tenaga expanded its domestic data centre operations and secured new supply contracts while progressing with renewable energy projects in the UK. The company anticipates further financial strengthening from the upcoming regulatory period (RP4 2025-2027). — TMR
The Star
28-04-2025
- Sport
- The Star
Patience pays for Tenaga as they power to indoor title
PETALING JAYA: Tenaga Nasional showed patience and perseverance to finally lay their hands on the Malaysian Indoor Hockey League (MIHL) trophy by exacting sweet revenge over defending champions Maybank. They played to a 3-3 draw after the regulation time in the final at the Sri Putra Hall in Bukit Jalil on Sunday but Tenaga made a superb comeback with a 2-1 win in the penalty shootout.
New Straits Times
27-04-2025
- Sport
- New Straits Times
Tenaga down Maybank for indoor title
KUALA LUMPUR: Tenaga Nasional edged defending champions Maybank 2-1 in a penalty shootout after both teams were tied 3-3 in regulation time in the TNB Malaysian Indoor Hockey League final at Sri Putra Hall in Bukit Jalil today (April 27). It was Tenaga's first title since the tournament inception in 2021. Azimuddin Syakir Kamaruddin and Nursyahmi Zulkifli converted the penalties for Tenaga while Ashran Hamsani replied for Maybank. Earlier, Maybank had taken a 3-0 lead through Kamarulzaman Kamaruddin (seventh), Shahmie Irfan Suhaimi (14th) and Izham Azhar (17th). Tenaga replied through Aminudin Zain (22nd), Nursyahmi (26th) and Wan Haziq Hisyamuddin (37th). It was sweet revenge for Tenaga who lost to Maybank 4-1 in the final last year. Terengganu outplayed Armed Forces 5-1 to finish third. PDRM Blue Warriors beat BNHC of Kuala Lumpur 5-2 in the final to win the women's title. DBKL defeated MOHC of Melaka 2-0 to finish third.
