TNB Getting Worst of Global Cost Increase

There are few issues on TNB earning due to global cost increased especially on the fuel cost (coal) which will decrease TNB profit.

TNB's share price tanked below RM7 amid concerns the Government might want to leave the power tariff unchanged for political reasons and to tame inflation.

The stock, which slid to a low of RM6.80 last month, closed at RM7 yesterday and today closed at RM6.95.

1) UPDATE 2-Malaysia's Tenaga Q2 net down, sees lower 2008

2) TNB warns on profit as fuel costs surge

3) Tenaga Q2 earnings down 31% at RM1.07b

and there are a lot news about TNB or Tenaga Nasional.

Here I attach TNB weekly chart on their current share price.

Tenaga Weekly Chart Stock Price