(EnergyAsia, October 12 2010, Tuesday) — Maybank IB is sticking with its ‘sell’ recommendation for Malaysian power company Tenaga Nasional Berhad on account of uncertain tariff outlook caused by “benign” coal prices. The research house has issued a target price of RM7.50 compared with the stock’s recent trade of around RM9 per share. (US$1=RM3.1). In…
MALAYSIA: Tenaga stock remains a ‘sell’ on uncertain tariff outlook due to “benign” coal prices
Posted on October 11, 2010 by EnergyAsia