A general view of Tenaga Nasional Berhad’s headquarters in Kuala Lumpur February 26, 2019. — Picture by Ahmad Zamzahuri
“We are maintaining our earnings forecasts with an unchanged discounted cash flow-based target price of RM14.12. In an announcement to Bursa Malaysia, TNB reported that Khazanah had sold 85 million of its shares, resulted in the shares to close at four per cent lower yesterday.The disposal saw Khazanah’s shareholding in the utility giant dropped to 27.27 per cent from 28.76 per cent, previously.