2Q21: In Line, Stable Return From Regulated Asset BaseTNB's 2Q21 core net profit surged 75% yoy to RM1.4b (-6% qoq) due to higher genco operating profit, higher associate earnings and lower effective tax rates. This brings 1H21 core net profit to RM2.9b (+41% yoy), and accounts for 58% of our full-year estimate. We deem the […]

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