Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
As of 9.31 am. in Kuala Lumpur, Tenaga Nasional Bhd, the country's biggest power producer, added 0.9 per cent to RM6.43, bound for its steepest increase since April 2.
The utility's earnings visibility has improved because of a recovery in gas supply, Lim Tee Yang, an analyst at RHB Capital Bhd, wrote in a report today. He rated Tenaga outperform with a so-called fair value of RM7.60.
An outperform means the stock's return is expected to exceed the benchmark index by more than 5 percentage points over the next six to 12 months, according to RHB. Tenaga will release its second-quarter earnings result today. -- Bloomberg
Company Name: TENAGA NASIONAL BHD
| Research House: RHB | Price Call: BUY | Target Price: 7.60 |
As of 9.31 am. in Kuala Lumpur, Tenaga Nasional Bhd, the country's biggest power producer, added 0.9 per cent to RM6.43, bound for its steepest increase since April 2.
The utility's earnings visibility has improved because of a recovery in gas supply, Lim Tee Yang, an analyst at RHB Capital Bhd, wrote in a report today. He rated Tenaga outperform with a so-called fair value of RM7.60.
An outperform means the stock's return is expected to exceed the benchmark index by more than 5 percentage points over the next six to 12 months, according to RHB. Tenaga will release its second-quarter earnings result today. -- Bloomberg
No comments:
Post a Comment