Lower cost boost for TNB

TNB Tenaga building

PETALING JAYA: Downward trending fuel prices would likely lead to lower generation costs for Tenaga Nasional Bhd (TNB) in the final quarter of financial year 2019 (FY19).

Kenanga Research said in a report that with fuel prices trending downward especially coal which fell 11% year-on-year (y-o-y) in 9M19, the utility giant is likely to register lower generation costs in the coming 4Q19 which could post resilient numbers although the second half has traditionally been a weaker period.