TNB is comeback !!!!...It has recorded a profit as much as RM1.02 billion for third quarter of this financial year compare to RM298.80 million for previous financial year. It is a triple profit.
Profits were boosted by a forex gain of RM603.2 million compared to losses of RM180.8 million a year ago. The previous loss, in turn, was also caused by forex.
Previous target was RM8.40 already met on 20/7/2009. Demand of power just start to pick up as certain industries showing the positive hints.
Looks like my point of view on TNB in previous article came true.
Still can buy?
I am not too eager to recommend this time but RHB and CIMB has set the target at RM10.30.
http://www.btimes.com.my/Current_News/BTIMES/articles/20090722180954/Article/index_html
- Sabri Jalil
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