PIVB Research upgrades Tenaga to Neutral from Trading Sell


KUALA LUMPUR: PublicInvest Research has upgraded Tenaga Nasional Bhd (TNB) to Neutral (previously Trading Sell) with an unchanged target price of RM14.12.

It said on Monday TNB’s share price had indeed slumped in immediate reaction to news of the additional RM4bil tax assessment by the Inland revenue Department but has since stabilised.

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