Delay in tariff hike to weaken TNB share price, says CIMB
KUALA LUMPUR (June 27): CIMB Investment Bank Bhd said it expects no tariff hike by Tenaga Nasional Bhd (TNB) before July, which may cause short-term weakness in the national utility company’s share price.The research house said that a tariff hike announcement now will result in a public backlash, especially after the recent controversy on the direct award of the Track 4A project involving the c