Sector Update: Maybank KE Overweight on power sector, bullish on Tenaga


KUALA LUMPUR: Maybank KE Research has upgraded the power sector to Overweight following its recent upgrade on Tenaga, the research house said on Wednesday.

Maybank KE said it is bullish on Tenaga as it thinks the Street has yet to incorporate the full earnings accretion from the tariff hike.

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