PETALING JAYA: Tenaga Nasional Bhd
’s (TNB) earnings for financial year 2023 (FY23) fell short of analysts’ expectations but the stock remains attractive for its dividend payout and prospects ahead.
The power utility posted a fourth quarter ended Dec 31, 2023 (4Q23) core net profit of RM763mil, which was below the RM1bil average most analysts were expecting it to make for every quarter of FY23, with the bulk of the problem in the quarter suspected to be due to issues with its Manjung 4 plant since early December last year.
