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RESEARCH ALERT-TA lifts Malaysia's Tenaga to "buy"

Fri Jul 25, 2008 6:55am IST
 
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KUALA LUMPUR, July 25 (Reuters) - TA Securities has upgraded its call on Malaysian power firm Tenaga Nasional (TENA.KL: Quote, Profile, Research) to "buy", on expectations of better earnings.

TA has also raised its target price on Tenaga to 9.90 ringgit a share. It did not state its previous call and target price.

Tenaga shares were flat at 8.05 ringgit by 0119 GMT.

(Reporting by Soo Ai Peng; editing by Liau Y-Sing)

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