Ranhill likely to get boost from water tariff hike

PETALING JAYA: Ranhill Utilities Bhd’s share price may be close to bottoming with several key catalysts including the removal of a delay in an anticipated tariff hike supporting it.

MIDF Research in a report to clients said having seen significant retracement in the past year, it thinks Ranhill’s share price is close to bottoming with the contraction in its water subsidiary’s earnings reflected in a consensus earnings’ revision.