Bursa Alert
Global Market
NewsCIMB Research maintains Trading Buy on Tenaga
Page 1 of 1
CIMB Research maintains Trading Buy on Tenaga
by hlk Mon 01 Aug 2011, 13:39
KUALA LUMPUR: CIMB Equities Research is maintaining its Trading Buy call on TENAGA NASIONAL BHD [] and target price of RM7.60.
It said on Monday, Aug 1, it was not making any changes to its EPS forecasts or target price of RM7.60, which remains based on 1.4 times price-to-book value, 30% below Tenaga’s historical average P/BV.
“Tenaga remains a TRADING BUY as it could be catalysed by tariff increases, a 100% pass-through of all its fuel costs and lower IPP payments,” it said.
It said on Monday, Aug 1, it was not making any changes to its EPS forecasts or target price of RM7.60, which remains based on 1.4 times price-to-book value, 30% below Tenaga’s historical average P/BV.
“Tenaga remains a TRADING BUY as it could be catalysed by tariff increases, a 100% pass-through of all its fuel costs and lower IPP payments,” it said.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» CIMB Research maintains Trading Buy on Tenaga, target price RM8.55
» CIMB Research maintains Outperform on Tenaga, raises target price
» CIMB Research maintains Trading Buy on WCT (9679)
» CIMB Research maintains Trading Buy on Mudajaya
» CIMB Research maintains Trading Buy on plantations
» CIMB Research maintains Outperform on Tenaga, raises target price
» CIMB Research maintains Trading Buy on WCT (9679)
» CIMB Research maintains Trading Buy on Mudajaya
» CIMB Research maintains Trading Buy on plantations
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|