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Hot Stock Tenaga top decliner after Cabinet approves 1MDB power plant buy
by Cals Thu 18 Jun 2015, 20:14
Hot Stock
Tenaga top decliner after Cabinet approves 1MDB power plant buy
KUALA LUMPUR (June 18): Tenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell as much as 6% on news the state-owned utility will buy a 70% stake in Malaysia's 3B power plant project from 1Malaysia Development Bhd(1MDB).
Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili told reporters here today that the "Cabinet has approved" the transaction.
Tenaga (fundamental: 1.3; valuation: 1.8) fell as much as 82 sen to RM12.34, before paring losses.
At 3:14pm, Tenaga changed hands at RM12.56, with saw some nine million shares done.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Tenaga top decliner after Cabinet approves 1MDB power plant buy
KUALA LUMPUR (June 18): Tenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) fell as much as 6% on news the state-owned utility will buy a 70% stake in Malaysia's 3B power plant project from 1Malaysia Development Bhd(1MDB).
Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili told reporters here today that the "Cabinet has approved" the transaction.
Tenaga (fundamental: 1.3; valuation: 1.8) fell as much as 82 sen to RM12.34, before paring losses.
At 3:14pm, Tenaga changed hands at RM12.56, with saw some nine million shares done.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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