The current weakness in Tenaga Nasional Bhd’s (TNB) share price is a good opportunity for investors to accumulate shares in the power company.
Analysts and fund managers said TNB shares have been oversold and investors should take the opportunity to accumulate big-cap stocks with sound fundamentals.
“This is a good time to pick up the TNB stock. The company’s fundamentals remain intact and the new power plants would drive its earnings going forward,” a local fund manager said.
CIMB Research said TNB’s share price has underperformed the FTSE Bursa Malaysia KL Composite Index and local peers by 9% since May this year.
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Analysts and fund managers said TNB shares have been oversold and investors should take the opportunity to accumulate big-cap stocks with sound fundamentals.
“This is a good time to pick up the TNB stock. The company’s fundamentals remain intact and the new power plants would drive its earnings going forward,” a local fund manager said.
CIMB Research said TNB’s share price has underperformed the FTSE Bursa Malaysia KL Composite Index and local peers by 9% since May this year.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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