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PETALING JAYA: Global coal prices, which have been on a steady rise, hit a six-year high early this month, increasingly putting pressure on the power generation industry in the country.
KUALA LUMPUR: CIMB Equities Research is maintaining its Hold call for Tenaga Nasional although its share price has retraced about 9% since end-March 2018. The new target price is RM15 compared with the previous RM16.70.
PUTRAJAYA: Domestic users will not have to pay any increase in electricity tariffs for the next six months as it has been subsidised by the Government, said Yeo Bee Yin.
CONSTRUCTION SECTOR: A StarBiz report stating that the Light Rail Transit Bandar Utama-Klang Line (LRT 3) may be scaled down or shelved is a negative surprise for the sector, according to CIMB Research.
PETALING JAYA: The increase in electricity tariff, which can result in an additional cost of more than RM100mil per annum to the iron and steel industry, may impede the recovery of the sector.
PETALING JAYA: Stocks in the power sector, which came under selling pressure due to regulatory risks and market headwinds following the general election, could see a better overall outlook in 2018.
KUALA LUMPUR: The Iron and Steel industry expects to pay out more than RM100mil per annum in addional costs for their power consumption from July to December this year under the revised charges.
KUALA LUMPUR: Fitch Ratings expects Tenaga Nasional Bhd's (A-/Stable) standalone credit profile to benefit from the mplementation of the imbalance cost pass-through (ICPT) mechanism due to rising fuel prices.
PETALING JAYA: The Pakatan Harapan Government has broken its pledge to reduce the cost of living, following its decision to discontinue electricity rebate, said Datin Paduka Chew Mei Fun.
PETALING JAYA: The Government should review its decision to raise electricity tariffs as it could “kill” all the good measures taken by Pakatan Harapan to lower the cost of living, says Rafizi Ramli.