Wednesday, July 14, 2010

Tenaga shares climb ahead of 3Q results

KUALA LUMPUR: TENAGA NASIONAL BHD []'s share price rose in early trade on Wednesday, July 14, ahead of its scheduled release of its third quarter (3Q) results for the period ended May 31.

At 9.20am, Tenaga was up two sen to RM8.50 with 135,500 shares done.

The power giant is expected to announce a stronger set of earnings on-year, underpinned by strong demand for electricity.

It is also expected to benefit from the stronger ringgit against major currencies, including the yen and US dollar.

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