Gas Malaysia's CHP Plants Noted For ESG But Lack Earnings Impact
Gas Malaysia's CHP Plants Noted For ESG But Lack Earnings Impact
The investment case for GASMSIA remains stable, with a strong market position as Malaysia's leading natural gas retailer and robust earnings visibility supported by multi-year customer contracts. However, Kenanga cautions that current valuations are fair, suggesting cautious optimism among investors.Gas Malaysia is achieving rating as they combined heat and power (CHP) plants, contributing minimally to earnings despite bolstering the company's ESG credentials through reduced carbon emissions, as highlighted by Kenanga Investment Bank (Kenanga), in their report today (July 15, Monday).
正如肯南加投資銀行（Kenanga）在今天（7月15日星期一）的報告中強調的那樣，儘管通過減少碳排放增強了公司的ESG資格，但馬來西亞天然氣公司因其熱電聯產（CHP）發電廠而獲得評級，但對收益的貢獻微乎其微。
Kenanga has maintained GASMSIA's MARKET PERFORM rating, indicating a neutral stance on the stock's performance. They note that despite the positive environmental impact of Gas Malaysia's CHP plants, these facilities have a negligible financial impact on the company's overall earnings.
肯南加維持了GASMSIA的市場表現評級，這表明對該股的表現持中立立場。他們指出，儘管馬來西亞天然氣公司的熱電聯產廠對環境產生了積極影響，但這些設施對公司整體收益的財務影響微乎其微。
GASMSIA's CHP plants managed through its joint venture Gas Malaysia Energy Advance Sdn Bhd (GMEA), contribute 41.7MW of electricity, 165 tonnes per hour (tph) of steam, and 1,684kW of hot water. Despite their environmental benefits and energy efficiency advantages over single-generation systems, these plants have accounted for only 1.5% of GASMSIA's profits in recent fiscal years.
GASMSIA通過其合資企業馬來西亞天然氣能源發展有限公司（GMEA）管理的熱電聯產發電廠提供41.7兆瓦的電力、每小時165噸（tph）的蒸汽和1,684千瓦的熱水。儘管與單一發電系統相比具有環境效益和能效優勢，但這些發電廠在最近一個財年僅佔GASMSIA利潤的1.5％。
The investment case for GASMSIA remains stable, with a strong market position as Malaysia's leading natural gas retailer and robust earnings visibility supported by multi-year customer contracts. However, Kenanga cautions that current valuations are fair, suggesting cautious optimism among investors.
GASMSIA的投資前景保持穩定，作爲馬來西亞領先的天然氣零售商，其強勁的市場地位和良好的盈利知名度得到了多年客戶合同的支持。但是，凱南加警告說，目前的估值是公平的，這表明投資者持謹慎樂觀態度。
譯文內容由第三人軟體翻譯。