TNB had subsidies the electricity announced by the govt in 2020 and 2021. In 2020 audited report, TNB had subsidies RM250mil.
Govt didn't announced any further electricity subsidy in 2022. In other words, this Prosperity tax more like a substitution for the electricity subsidy TNB give in 2020 and 2021. In my opinion, the impact of this Prosperity tax in TNB will be much lesser than the other bluechips counter.
Stock: [TENAGA]: TENAGA NASIONAL BHD
2021-11-05 11:35 | Report Abuse
TNB had subsidies the electricity announced by the govt in 2020 and 2021. In 2020 audited report, TNB had subsidies RM250mil.
Govt didn't announced any further electricity subsidy in 2022. In other words, this Prosperity tax more like a substitution for the electricity subsidy TNB give in 2020 and 2021. In my opinion, the impact of this Prosperity tax in TNB will be much lesser than the other bluechips counter.
Well is still a negative sentiment, cant help it.