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.
KUALA LUMPUR: Tenaga Nasional Bhd
posted its first quarterly loss in more than seven years on higher operating cost and increased impairment of financial instruments.
Net losses in the three-month ended Dec 31 was RM134mil, the company said today. Operating profit in the fourth quarter fell to RM697mil compared with RM1.47bil registered in the preceding quarter on lower revenue and increase in impairment of financial instruments.
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