ICPT decision to support TNB’s earnings visibility

PETALING JAYA: The government’s decision to continue with the implementation of the imbalance cost pass-through (ICPT) mechanism in the second half of 2019 (2H19) will support Tenaga Nasional Bhd’s (TNB) solid earnings visibility.

Analysts said they were not surprised by the announcement, given the high fuel costs – especially due to rising coal prices.