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Corporate News

Tenaga secures RM652m financing with BayernLB

KUALA LUMPUR: Tenaga Nasional Bhd's unit has secured a £120mil (RM652mil) financing facility with Bayerische Landesbank (BayernLB) which will be used to finance its 80% stake in two UK-registered renewable firms.


Moody’s: Tenaga to benefit from power tariff hike

KUALA LUMPUR: Moody’s Investors Services says the hike in electricity tariffs by an average of 14.89% from Jan 1, 2014 is credit positive for Tenaga Nasional Bhd.


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.


AmResearch maintains Buy on Tenaga

KUALA LUMPUR: AmResearch has maintained its Buy call on Tenaga Nasional (Tenaga) with an unchanged DCF-derived fair value of RM14.90 a share, it said on Tuesday.


Affin Research maintains Buy on Tenaga, FV RM11.50

KUALA LUMPUR: Affin Investment Research is maintaining its Buy call on power giant Tenaga Nasional with an unchanged fair value of RM11.50.


CIMB Research ups Tenaga target price to RM13.24

KUALA LUMPUR: CIMB Equities Research has raised its target price for Tenaga Nasional from RM10.96 to RM13.24 and continued to rate the power giant an Outperform.


Affin Research maintains Buy on Tenaga

KUALA LUMPUR: Affin Research has maintained its Buy on Tenaga with a target price of RM14.70 and still remains as the research house top pick.


Tenaga propels KLCI to all-time high of 1,840

KUALA LUMPUR: Malaysia’s blue chips surged in early Tuesday trade, propelled by power giant Tenaga Nasional, as the FBM KLCI hit an all-time high of 1,840.14.


Tenaga drops on weak Q4 earnings

KUALA LUMPUR: Shares of power giant Tenaga Nasional Bhd fell in early Friday trade after its weak fourth quarter earnings, dragging the FBM KLCI into the red.


CIMB Research keeps Tenaga an Outperform, TP RM13.24

KUALA LUMPUR: CIMB Equities Research keeps Tenaga Nasional an Outperform with an unchanged target price of RM13.24.