KUALA LUMPUR: Downward trending fuel prices would likely lead to lower generation costs for Tenaga Nasional Bhd
in the final quarter of 2019, says Kenanga research.
"With fuel prices trending downward especially coal which fell 11% YoY in 9MFY19, Tenaga is likely to register lower generation costs in the coming 4QFY19 which could post resilient numbers although 2H is traditionally a weaker period," it said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
