If tenaga is a buy, then maybe can consider tenaga-cl ( this is call warrant and is a high risk, be clear about what you buy)
Tenaga- CL fact sheet:
Strike Price: 6.000
Maturity Date: 17-09-10
Day to maturity: 426 days
Ratio: 15.00 : 1
Current Price= 0.170
M0ther price: 8.000
Premium = (Call Warrant Price x Exercise Ratio) + Exercise Price - Underlying Security Price /Underlying Security Price
Premium= 8.75 % ((15*0.17)+6) - 8 / 8
TNB (TP RM9.00– BUY) 9MFY09 Results Preview: An Even Rosier Quarter With TNB’s 3QFY09 results scheduled to be released on Jul 22, we expect a y-o-y and qo-q improvement in core and reported net profit. Although tariffs are down 3.7% q-o-q, the 25% reduction in gas prices will more than offset the tariff reduction. Lower coal prices should also bring about a y-o-y profit increase. In view of improving demand in June and July, we raise our demand and core net profit forecasts by 5.3% for FY09 and 6.8% for FY10. The DCF-based fair value is raised from RM8.40 to RM9.00. Should the Economic Council decide in favour of a tariff hike, a potential 3% rise would lift our fair value to RM10.30.
