KUALA LUMPUR (March 2): Tenaga Nasional Bhd (KL:TENAGA) is set to benefit from a more favourable tax incentive going forward, after receiving approval for its Schedule 7B Investment Allowance from the Ministry of Finance in November 2025, according to TA Securities. “Although the exact amount of approved tax incentive was not forthcoming, Tenaga is guiding for lower effective tax rate of around 24% going forward, as opposed to its 29%-30% guidance pre-Schedule 7B approval. This should serve as a sustainable catalyst for the group’s bottom line going forward, in our view,” the research house said in a note on Monday. In contrast, cumulative electricity supply agreements signed now stand at 56 projects with a total demand of 7.5 gigawatts, up from 49 projects with a total demand of 7.1 gigawatts. Therefore, CIMB Securities decided to lift its target price by 5% to RM15.90 and maintained its ‘buy’ call on the stock.

Source: The Edge Markets March 02, 2026 03:45 UTC