Tenaga Nasional is a public listed company in the Energy and Utilities sector in Bursa Malaysia. It operates under the stock code of 5347 and is one of the very good performing counters for many years now.
Tenaga Nasional Electricity
As a utility company, Tenaga Malaysia is the largest in this category. In fact, it is the largest power company in Southeast Asia alone. The head office for Tenaga (as it is known) is in Bangsar, Kuala Lumpur. The key market that Tenaga is involved in all the states in Malaysia except Sarawak. Meanwhile, Tenaga is present in other countries like:
Important facts about Tenaga
To date, Tenaga employs more than 34,000 people nationwide. It is owned by national sovereign fund company Khazanah Nasional. With more than RM99 billion worth of assets, it is the largest public-listed power company in SEA. Its core area of business include:
- Electricity generation
- Electricity distribution and transmission
- Repairing and maintenance of power plants
- Coal mining and trading
- Manufacturing of high voltage switchgears
- Power plant related products
Background of Tenaga
Tenaga Nasional has a long and rich history. It was first established as the Lembaga Letrik Pusat from 1949 to 1965 before changing to Lembaga Letrik Negara which went on until 1990. When it was announced that the company will be privatized, Tenaga Nasional Berhad was formed.
As the sole provider of electricity in Malaysia and being a GLC, Tenaga’s shares have always been performing quite well over the years. As a consumer brand, there has been challenges faced by the company through many changes in policies and ministries but Tenaga’s shares have been very strong and robust throughout.