AffinHwang Capital said TNB’s profitability should remain relatively unchanged despite declining demand, thanks to the guaranteed demand growth under the Incentive-Based Regulation (IBR)
PETALING JAYA: Although Tenaga Nasional Bhd
’s (TNB) net profit almost halved in the first three months of this year, analysts are bullish on the long-term outlook of the electricity company.
AffinHwang Capital said TNB’s profitability should remain relatively unchanged despite declining demand, thanks to the guaranteed demand growth under the Incentive-Based Regulation (IBR).
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