May 26, 2011

TENAGA - Tenaga downgraded to 'neutral' at OSK

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

Tenaga Nasional Bhd, Malaysia’s biggest power utility, had its stock rating downgraded at OSK Research Sdn Bhd after the government held off raising electricity prices.

The stock was cut to “neutral” from “buy,” analyst Chris Eng wrote in a report today.

The stock’s fair value was kept at RM7.03. -- Bloomberg

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