May 20, 2011

TENAGA - OSK keeps 'buy' call on Tenaga

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: OSK

OSK Research Sdn Bhd has maintained its "buy" call for Tenaga Nasional Bhd with a fair value of RM7.03 backed by previous fundamental views.

In a research note today, OSK said based on its first quarter financial year 2011 results, TNB had indicated that there was a possibility of a tariff hike in June. -- Bernama

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