Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: OSK
Tenaga Nasional Bhd's full-year earnings forecast was cut by 8 per cent at OSK Research Sdn Bhd to reflect lower tariff estimates and higher coal prices.
"We don't expect Tenaga to announce stellar" earnings for the fourth quarter ended August 31 on October 28, Chris Eng, an analyst at OSK, said in a report today.
"Our previous effective tariff forecast had been too bullish."
He reduced his fair value for the Malaysian power utility to RM9.76 from RM9.90. -- Bloomberg
Company Name: TENAGA NASIONAL BHD
Research House: OSK
Tenaga Nasional Bhd's full-year earnings forecast was cut by 8 per cent at OSK Research Sdn Bhd to reflect lower tariff estimates and higher coal prices.
"We don't expect Tenaga to announce stellar" earnings for the fourth quarter ended August 31 on October 28, Chris Eng, an analyst at OSK, said in a report today.
"Our previous effective tariff forecast had been too bullish."
He reduced his fair value for the Malaysian power utility to RM9.76 from RM9.90. -- Bloomberg
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