AN analyst with OSK Reseach said Tenaga Nasional Bhd was on the improvement path, driven by a management team that was delivering on GLC reform targets. He said the 12% tariff hike last year and strengthening of the ringgit had lifted TNB earnings and reduced gearing. TNB has also stripped off some of its non-core assets. The analyst said TNB would benefit from the rise in electricity demand – set to grow by 5% this year and 6% in 2008.
TENAGA : [Stock Watch] [News] TENAGA-C : [Stock Watch]
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