KUALA LUMPUR: Maybank KE Research has maintained its Buy call on Tenaga with an unchanged target price of RM14, saying that its second quarter results was ahead of the research house expectations.
In a note on Friday, Maybank KE said excluding the one-off RM622mil tax credit, its 2QFY14 core net profit of RM1.12bil was above Maybank KE’s expectations at 23% of its FY14 forecast.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!