Ranhill likely to get boost from water tariff hike


PETALING JAYA: Ranhill Utilities Bhd’s share price may be close to bottoming with several key catalysts including the removal of a delay in an anticipated tariff hike supporting it.

MIDF Research in a report to clients said having seen significant retracement in the past year, it thinks Ranhill’s share price is close to bottoming with the contraction in its water subsidiary’s earnings reflected in a consensus earnings’ revision.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Ranhill Utilities , tariff , share price

   

Next In Business News

Bursa Malaysia rises as US election in full swing
Ringgit strengthens against greenback ahead of OPR decision
Trading ideas: IOI, Gagasan Nadi, Xin Hwa, T7, TCS, Aneka, HE, Ann Joo, Aimflex, F&N
Strong financial grasp critical for investors
US stocks slide after nuclear deal dismissal
Licence freeze to have impact on Xin Hwa
Gagasan Nadi in RM185mil acquisition
Proton October sales climb 13.6% to 12,799 units
Aneka Jaringan wins RM39mil job
TCS bags RM86mil contract

Others Also Read