<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 12): Shares of Tenaga Nasional bhd fell in active trade on Thursday, continuing to be battered after a tariff reduction was announced a day earlier.</p></div>

<div class=newsTextDataWrapInner><p>At 10.23am, Tenaga (fundamental: 1.30; Valuation: 1.80) lost 5.42% or 78 sen to RM13.62 with 23.52 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>The stock was also the top loser across the exchange.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>RHH Research has maintained its “Buy” rating on Tenaga with a lower target price of RM16.70 (from RM18.60) and said the reduced power tariffs for four months would erode Tenaga’s topline and profit before tax by RM815 million each, based on house estimates.</p></div>

<div class=newsTextDataWrapInner><p>“While the latest development is negative to Tenaga, we believe the RM2.6 billion loss in Tenaga’s market value yesterday would have substantially reflected the bad news,” it said.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go towww.theedgemarkets.com for more details on a company’s financial dashboard.</em></span></p></div>


KUALA LUMPUR (Feb 12): Shares of Tenaga Nasional bhd fell in active trade on Thursday, continuing to be battered after a tariff reduction was announced a day earlier.

At 10.23am, Tenaga (fundamental: 1.30; Valuation: 1.80) lost 5.42% or 78 sen to RM13.62 with 23.52 million shares traded...

Tenaga continues to be battered, falls 5.42%

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<p>Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>

<p>ViTrox fell as much as 6% before ending the day at RM7.40, its lowest since March 26, 2024. The stock was still down a little under 3% at the closing bell after 5.29 million shares changed hands. In contrast, the country’s benchmark index FBM KLCI was 0.4% higher.</p>


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