Bursa Malaysia Stock Watch
TENAGA - Tenaga rating raised to 'trading buy'
kltrader
Publish date: Tue, 27 Jul 2010, 09:51 AM
kltrader
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Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: CIMB
Tenaga Nasional Bhd had its stock ratings raised to "trading buy" from "neutral" at CIMB Investment Bank Bhd as the Malaysian power producer is poised to benefit from the government's cuts in subsidies.
"We are turning bullish on the local power sector as power subsidies could be the next target after the recent price hikes for fuel and sugar," CIMB said in a report today. -- Bloomberg
Company Name: TENAGA NASIONAL BHD
Research House: CIMB
Tenaga Nasional Bhd had its stock ratings raised to "trading buy" from "neutral" at CIMB Investment Bank Bhd as the Malaysian power producer is poised to benefit from the government's cuts in subsidies.
"We are turning bullish on the local power sector as power subsidies could be the next target after the recent price hikes for fuel and sugar," CIMB said in a report today. -- Bloomberg
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