TNB earnings in line with forecasts


THERE is cause for optimism in Tenaga Nasional Bhd’s (TNB) first-quarter earnings released on Wednesday as, excluding the forex loss, the numbers are in line with analysts' estimates. 

But despite “a striking quarter”, as OSK Research Sdn Bhd put it, any hope for an immediate run-up in TNB's share price has been dimmed, “capped by the tariff issue.’’ 

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