Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
AmInvestment Bank raised its target price on state power firm Tenaga Nasional Bhd to RM8.15 per share from RM7.95 on expectations of stronger earnings for the next two years.
AmInvestment kept its "buy" call on Tenaga due to expected lower capacity costs from winning a tender to build a RM3 billion power plant in the northern Malaysian state of Penang.
Tenaga shares were flat at RM7.00, outperforming the broader market that fell 0.32 percent. -- Reuters
Company Name: TENAGA NASIONAL BHD
| Research House: AMMB | Price Call: BUY | Target Price: 8.15 |
AmInvestment Bank raised its target price on state power firm Tenaga Nasional Bhd to RM8.15 per share from RM7.95 on expectations of stronger earnings for the next two years.
AmInvestment kept its "buy" call on Tenaga due to expected lower capacity costs from winning a tender to build a RM3 billion power plant in the northern Malaysian state of Penang.
Tenaga shares were flat at RM7.00, outperforming the broader market that fell 0.32 percent. -- Reuters
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