Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: ECMLIBRA
Company Name: TENAGA NASIONAL BHD
Research House: ECMLIBRA
Tenaga Nasional Bhd was cut to “hold” from “buy” at ECM Libra Capital Sdn Bhd, which said the Malaysian power producer faces “challenging headwinds” from higher coal prices.
The share price estimate was kept at RM6.54, Bernard Ching, an analyst at ECM, wrote in a report today.
Tenaga Nasional Bhd was cut to “underperform” from “market perform” at RHB Research Institute Sdn Bhd, which said the Malaysian power producer “lacks catalysts” due to rising coal prices and slowing demand.
The fair value was reduced to RM5.60 from RM6.90, Lim Tee Yang, an analyst at RHB, wrote in a report today. -- Bloomberg
The share price estimate was kept at RM6.54, Bernard Ching, an analyst at ECM, wrote in a report today.
Tenaga Nasional Bhd was cut to “underperform” from “market perform” at RHB Research Institute Sdn Bhd, which said the Malaysian power producer “lacks catalysts” due to rising coal prices and slowing demand.
The fair value was reduced to RM5.60 from RM6.90, Lim Tee Yang, an analyst at RHB, wrote in a report today. -- Bloomberg
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