MIDF Amanah Investment Bank maintains buy call on TNB | Malay Mail

KUALA LUMPUR, June 29 — MIDF Amanah Investment Bank Bhd has retained “Buy” call and target price of RM11.80 on Tenaga Nasional Bhd following the government decision to maintain the imbalance cost pass-through rebate at two sen per kilowatt hour to all customers for the second half of H2 2021.

“Although average coal price for the period rose to US$70.06/tonne, which is 3.9 per cent higher than the second regulatory period -extension benchmark coal price of US$67.45/tonne, reference market price for gas of RM17.16/mmbtu is 36.9 per cent lower than RP2-extension’s benchmark gas price of RM27.20/mmbtu.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Public Investment Bank: Pemulih package critical to aid affected Malaysians during National Recovery Plan | Malay MailKUALA LUMPUR, June 29 ― The National People’s Well-Being and Economic Recovery Package (Pemulih) is critical in aiding affected Malaysians as the nation could possibly remain in Phase 1 of the National Recovery Plan (NRP) for the whole of next month, according to Public Investment Bank. In a...
Source: malaymail - 🏆 1. / 86 Read more »