Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: CITI GROUP
Company Name: TENAGA NASIONAL BHD
Research House: CITI GROUP
Tenaga Nasional Bhd was raised to “buy” from “sell” at Citigroup Inc after Malaysia’s biggest utility said it will raise electricity charges by an average 7.1 per cent.
The share price estimate was increased to RM7.90 from RM6.10, analyst Ng Yong Yin wrote in a report dated May 30.
The stock surged the most in 32 months in Kuala Lumpur trading, jumping 8.3 per cent to RM7.06 at 9:02 a.m. local time, set for its steepest increase since Sept. 19, 2008. -- Bloomberg
The share price estimate was increased to RM7.90 from RM6.10, analyst Ng Yong Yin wrote in a report dated May 30.
The stock surged the most in 32 months in Kuala Lumpur trading, jumping 8.3 per cent to RM7.06 at 9:02 a.m. local time, set for its steepest increase since Sept. 19, 2008. -- Bloomberg
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