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.
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