CIMB Equities Research said in its latest report that TNB is one of the cheapest big cap counters in the market with a decent dividend yield of about 4% for financial year (FY) 2019-FY21.
PETALING JAYA: The lowest bid for the Large Scale Solar (LSS) Cycle 3 project, which recently opened for bidding, is expected to drop further compared to previous cycles, in line with lower costs involved.
MIDF Research, which maintained its “positive” stance on the power sector, said it expects the lowest bid to drop to below 30sen/kwh levels, while the mean bid could drop to between 33sen and 34sen/kwh levels.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
