Bursa Malaysia Stock Watch
Tenaga climbs on earnings potential
kltrader
Publish date: Wed, 06 Oct 2010, 06:18 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Tenaga Nasional Bhd, Malaysia's biggest power producer, climbed 1 per cent to RM8.93, the most since September 13.
Tenaga will likely post a 22 per cent gain in earnings for the fiscal year ended August 31, bolstered by higher electricity sales, Credit Suisse Group AG said in a report today.
Tenaga, due to report earnings this month, has benefited from lower costs on its foreign debt after the ringgit's surge against the dollar, yen and euro, said Tan Ting Min, an analyst at Credit Suisse. - Bloomberg
Tenaga will likely post a 22 per cent gain in earnings for the fiscal year ended August 31, bolstered by higher electricity sales, Credit Suisse Group AG said in a report today.
Tenaga, due to report earnings this month, has benefited from lower costs on its foreign debt after the ringgit's surge against the dollar, yen and euro, said Tan Ting Min, an analyst at Credit Suisse. - Bloomberg
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