Referring to my most recent view on TNB in this blog.
It seems that TNB has implemented their plan to tackle the foreign debt issue as reported by Business Time Online. It has been reported that, TNB has managed to reduced the foreign debt by 0.8% to RM23.23b by buying back debentures which worth at RM142.35m.
This is a good sign for TNB to improve their financial performance and thus will push the price up.
- Sabri Jalil
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