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Glenealy Plantations (Malaya) Bhd is a hidden gem among listed plantation companies.
Shares in Tenaga Nasional Bhd (TNB) led gainers on Bursa Malaysia yesterday after trading resumed following a one-day halt for an announcement by the national utility. This was following the Government approval on Wednesday for an increase in electricity tariff a second time in two years.
The Government will impose windfall tax on oil palm companies starting July 1.
Blue chips led by plantations and banking stocks fell sharply in early trade Thursday in a knee-jerk reaction to the government's withdrawal of the bulk of subsidies for fuel under a restructuring exercise to cope with record high oil prices.hr noshade size=1 width=50%>
The Government announced Wednesday an increase in petrol and diesel prices, stating that it can no longer continue to subsidise fuel.