Summary
IF the government goes through with its plan to remove the gas subsidy - which it seems likely to - how will it affect the earnings of national power producer Tenaga Nasional Bhd?
IT MAY NOT BE THE MOST welcome of news for consumers but the writing is on the wall - the Government is serious about cutting subsidies.See the full content of this document
Extract
Tenaga: Is It for Real This Time?
It is alleged that subsidies hinder the effective allocation of resources and in the process protect the profitability of de facto monopolies and state utilities such as Tenaga Nasional Bhd. But in spite of the latest development, investors and analysts seem to like the national power player even more now, thanks to the catalysts supplied by Pemandu, the Performance Management and Delivery U...
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