Positive outlook: Maybank IB says the upgrade to ‘buy’ is due to a favourable risk-reward view. — Reuters
PETALING JAYA: Maybank IB Research has upgraded its call on Tenaga Nasional Bhd
(TNB) from “hold” to “buy”, citing improved earnings stability for the power company.
The research house said this was due to the more automatic pass-through mechanism in the recently-released Regulatory Period 2 (RP2) guidelines.
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