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: Utility giant Tenaga Nasional Bhd
(TNB) sold more electricity in the first quarter ended March 31, raking in an additional sales value of almost RM1bil.
However, this has failed to translate into a better bottom line as the group’s net profit took a sharp dive in the first quarter, after its net loss from impairments widened by about RM275mil on a year-on-year (y-o-y) basis.
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