Stable footing: TNB’s earnings are expected to be sustainable at current levels with stable cashflow and dividend payout.
PETALING JAYA: The coronavirus (Covid-19) pandemic may result in a dip in overall power demand but Tenaga Nasional Bhd
’s (TNB) earnings are expected to remain unaffected.
Hong Leong Investment Bank (HLIB) Research said the energy giant is shielded by the regulated asset base (RAB) structure, based on the revenue cap for its transmission and distribution segment and purchasing power agreement as well as its service level agreement, based on capacity payments for its power generation segment.
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