KUALA LUMPUR: CIMB Equities Research is maintaining its target price of RM14.14 for Tenaga Nasional ahead of the release of its third quarter results on Wednesday.
It said on Monday it expects the Q3, 2014 results to show an increase in costs on-quarter and on-year due to the various coal plant outages, which resulted in the burning of more LNG and distillates.
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