WHILE Tenaga Nasional Bhd
(TNB) lost out on the bidding for 1Malaysia Development Bhd’s (1MDB) energy unit Edra Global Energy Bhd, the utility giant may see a silver lining ahead as its shares look set to continue ascending due to improving fundamentals, according to analysts.
This is because with or without Edra under its stable of power assets, the utility giant has a slew of positive catalysts, going forward, while its strong capital position suggests that its shares are fundamentally undervalued at present prices.
