Performance Insight—Statement to TTNGL Shareholders
At TTNGL, we recognise the concerns raised regarding the recent performance of our share price and the suspension of dividend payments. We remain committed to transparent communication and want to provide clarity on our current position, the actions we’re taking, and our vision for the future.
Understanding TTNGL’s Share Price:
Current Challenges and Future Opportunities Recent Market Dynamics
TTNGL’s share price has been influenced by the evolving landscape of the global energy market. Over the past three years, our local industry has experienced a shift in natural gas supply levels. Compared to the peak production period a decade ago, the current gas supply to petrochemical facilities has moderated, leading these facilities to operate at adjusted capacities. This shift has impacted the profitability of our underlying asset, Phoenix Park Gas Processors Limited (PPGPL), and consequently, TTNGL’s financial performance.