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KUALA LUMPUR: CIMB Equities Research continues to like Tenaga Nasional as it offers a safe haven for investors as it retains its Add recommendation with a target price of RM15.60.
PETALING JAYA: YTL Power International Bhd’s potential RM700mil windfall from Petroliam Nasional Bhd (Petronas) for overpaid gas will boost its cash balance, but is not a strong re-rating catalyst, said analysts. Kenanga Research said the power purchase agreement (PPA) extension of two YTL Power’s plants was more important.
KUALA LUMPUR: Bonds issued by the power generating companies account for 39% of Malaysia’s RM239bil of infrastructure bond issues in the last decade, says RAM Rating Services.
KUBANG PASU: The Umno constitution provides for the party president to have a trust account on behalf of the party, said Barisan Nasional strategic communications director Datuk Seri Abdul Rahman Dahlan.
A MALAYSIAN company has come up with a method that accelerates the process to convert palm oil mill effluent (POME) into fuel for electricity to power mill operations.