KUALA LUMPUR: Shares of TENAGA NASIONAL BHD [] advanced in early trade on Monday, April 12 after the recent earning upgrade and also expectations it would benefit from a stronger ringgit.
At 9.44am, it was up 30 sen to RM8.81. There were 1.02 million shares done.
Its gains helped nudge the FBM KLCI up 8.54 points to 1,342.52. Turnover was 185.69 million shares done valued at RM174.03 million. There were 269 gainers, 97 losers and 196 stocks unchanged.
AmResearch had on April 6 reiterated its BUY call on Tenaga Nasional with a higher fair value of RM10.00 a share.
"We expect Tenaga's 2QFY10 results, which will be announced on April 29, 2010, to be stronger than expected due to a sharp rebound in electricity demand growth while coal costs remain under control," it said.
About Me
- Nuang
- 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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