Tenaga Nasional Bhd (TNB) anticipates continued earnings growth for FY2025, driven by robust domestic power demand and industrial recovery. Analysts maintain a 'Buy' rating, citing stable regulatory frameworks and ongoing infrastructure projects as key support factors for the utility giant's performance.
Tenaga Nasional Bhd's (TNB) earnings outlook for fiscal year 2025 is highly regarded by the market. Analysts anticipate robust domestic power demand growth, particularly in the industrial and commercial sectors, against the backdrop of Malaysia's ongoing economic recovery. Last week, TNB's share price edged up 0.3% to RM11.20. Several investment banks have maintained their 'Buy' rating on TNB, with target prices ranging from RM12.50 to RM13.00. They highlight that TNB benefits from a stable regulatory framework and ongoing infrastructure projects, which provide a solid foundation for its future profitability. Furthermore, TNB's investments in renewable energy are expected to gradually contribute to earnings, further diversifying its revenue streams. Investors can look forward to more positive information in TNB's upcoming quarterly report.
Share: