Back to today’s briefing

Story perspectives

Tenaga Nasional Faces RM5.05B Tax Blow, Shares Tumble

7/4/2025

38 8

Summary

Story summary

Tenaga Nasional Bhd is grappling with a staggering RM5.05 billion tax bill following a Federal Court ruling that denied its reinvestment allowance. This setback caused shares to plummet over 5%, wiping out RM3 billion in market value. Yet, analysts maintain optimism, projecting a 12-month target price of RM16.28, hinting at a potential 16% rebound, bolstered by a remarkable 69.3% profit surge in FY2024.

1 of 1

Story summary

Tenaga Nasional Bhd is grappling with a staggering RM5.05 billion tax bill following a Federal Court ruling that denied its reinvestment allowance. This setback caused shares to plummet over 5%, wiping out RM3 billion in market value. Yet, analysts maintain optimism, projecting a 12-month target price of RM16.28, hinting at a potential 16% rebound, bolstered by a remarkable 69.3% profit surge in FY2024.