Tenaga Nasional Bhd (TNB) shares climbed 2.1% to RM10.50, hitting a six-month high. Optimism stems from its central role in the National Energy Transition Roadmap (NETR) and anticipated higher regulated returns on grid investments.
Utility giant Tenaga Nasional Bhd (TNB) saw robust trading, closing at RM10.50. Investors are encouraged by the government's commitment to accelerate the National Energy Transition Roadmap (NETR). Analysts at Kenanga Research maintain an 'Outperform' rating, citing TNB's pivotal role in renewable energy (RE) expansion, particularly in grid modernization and smart meter deployment. Stable or slightly improving regulated asset base (RAB) returns are expected, providing a solid earnings floor. Furthermore, the recent stabilization of coal prices has eased pressure on its fuel cost pass-through mechanism, enhancing short-term profitability outlook.
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