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Tenaga's price estimate cut to RM7.93

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Tenaga's price estimate cut to RM7.93 Empty Tenaga's price estimate cut to RM7.93

Post by hlk Mon 18 Jul 2011, 10:15

Tenaga Nasional Bhd, Malaysia’s largest power producer, fell the most in three weeks after Kenanga Investment Bank Bhd said the utility may report a quarterly loss this week.

The stock dropped 0.7 per cent to RM6.69 at 9:56 a.m. local time in Kuala Lumpur trading, set for its biggest decline since June 27.

The share price estimate was cut to RM7.93 from RM8.06, Kenanga said in a report today. -- Bloomberg


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