‘TNB sell-down overdone’

The research unit said at worst, the total dispute claims of up to RM6bil could wipe out an entire financial year’s earnings but TNB may not lose the case.

KUALA LUMPUR: Kenanga Investment Bank Research views the recent sell-down of Tenaga Nasional Bhd over a tax dispute as overdone given that it is not an operational issue.

The research unit said at worst, the total dispute claims of up to RM6bil could wipe out an entire financial year’s earnings but TNB may not lose the case.