March 4, 2010

Tenaga cut to ‘neutral’ at CIMB on tariff review uncertainty

Tenaga Nasional Bhd., Malaysia’s biggest power producer, had its stock rating downgraded at CIMB Investment Bank Bhd. to reflect uncertainties over the timing of the next review of electricity prices.

The company was reduced to “neutral” from “trading buy,” CIMB said in a report today. The share price estimate was cut to RM9.30 from RM10.90. -- Bloomberg

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About Me

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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