Dateline 2013-12-13, The Star:
CIMB Investment Bank is maintaining its “add” call on the stock following the Government’s move to raise the price for subsidised gas used by the power sector by 10.9% or RM1.50 to RM15.20 per million metric British thermal unit (mmbtu),
At the same time, the Government has introduced the liquefied natural gas price of RM41.68/mmbtu for gas volumes above 1,000 million standard cu ft per day (mmscfd) consumed by Tenaga Nasional Bhd. This led to an increase in the average electricity tariff in Peninsular Malaysia.
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