“Key rerating catalysts for the stock include: a) active capital management; b) a fair outcome from RP3; and c) operational savings from Tenaga’s reorganisation exercise, ” it said.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is maintaining its Buy call on Tenaga Nasional with a target price of RM13.70 on news the power giant is mulling plans to list its power generation unit.
The research house said on Tuesday Bloomberg reported the listing on Bursa was slated to be next year.
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