Corporate News

Bright outlook for TNB in immediate term

HLIB Research said it viewed positively TNB’s position as Malaysia’s largest utilities group.

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) earnings growth over the immediate term looks promising, driven by the establishment of new electricity-intensive data centres in Malaysia.

In addition, the national utility expects the negative fuel margins that impacted its performance in 2023 to completely ease as it enters 2024.

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Tenaga Nasional Bhd , NB , ElectricityDemand , DataCentres , FuelMargins , ICPT , RenewableEnergy , EnergyTransition , TariffStructures , ExchangeHub

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