.“We like TNB as the regulatory risk from sector reforms seems to be low, as it will likely maintain its monopoly position in the transmission and distribution segment, and it is also one of the cheapest big-cap counters, with a decent dividend yield of 4% for FY20-FY22," CGS-CIMB said
PETALING JAYA: Tenaga Nasional Bhd
’s (TNB) financial year 2019 (FY19) core net profit came in below expectations due to forced outages of its power plants and lower-than-expected joint-venture/associate contributions, CGS-CIMB Equities Research said.
In its research note issued yesterday, it said TNB has declared a final dividend per share (DPS) of 20 sen and a special DPS of 50 sen.
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