Stock Name: TANJONG
Company Name: TANJONG PUBLIC LIMITED COMPANY
Research House: MAYBANK
Maybank has given Tanjong a "buy" recommendation with a target price of RM19.10 a share.
The investment bank says Tanjong sees plenty of potential for the power division, especially in the Middle East and North Africa.
Tanjong aims to double its current 3,951MW of installed capacity over the next five years.
"However, this will not be at the expense of returns. Shareholder value is still its paramount concern," Maybank adds.
Company Name: TANJONG PUBLIC LIMITED COMPANY
Research House: MAYBANK
Maybank has given Tanjong a "buy" recommendation with a target price of RM19.10 a share.
The investment bank says Tanjong sees plenty of potential for the power division, especially in the Middle East and North Africa.
Tanjong aims to double its current 3,951MW of installed capacity over the next five years.
"However, this will not be at the expense of returns. Shareholder value is still its paramount concern," Maybank adds.
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