KUALA LUMPUR Tenaga Nasional Bhd
is poised to benefit from the recent developments and its current valuations have priced in the high coal cost and political risk for Malaysia, says HwangDBS Vickers Research.
The research house said on Wednesday Tenaga was trading at attractive price to earning of 9.0 times for the financial year ending Aug 31, 2009 (FY09) and 7.0 times for FY10 against the regional average PE of 19.0 times and 15 times respectively.
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