October 29, 2010

TENAGA - Tenaga cut to 'neutral' at JPMorgan

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: JP MORGAN CHASE



Tenaga Nasional Bhd was cut to "neutral" from "overweight" at JPMorgan Chase & Co after the Malaysian power utility reported fiscal fourth-quarter profit that was below expectations.

The share-price estimate was reduced to RM9.20 from RM10.40, Simone Yeoh, an analyst at JPMorgan, said in a report today. -- Bloomberg


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