CGS-CIMB Research positive on TNB, sees regulatory risk as low

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: CGS-CIMB Equities Research is positive on Tenaga Nasional Bhd (TNB) as the regulatory risk from the energy sector reform seems to be low, as the power giant will likely maintain its monopoly in the transmission and distribution segments.

The research unit 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.