PETALING JAYA: Despite the adjustment in Ranhill Utilities Bhd
’s earnings due to the adoption of the IC Interpretation 12 to its power purchase agreement, the counter still has some shine to it.
Analysts believe the stock remains attractive, given its undemanding valuation.
The stock closed unchanged at 82 sen.
The company reported a net loss of RM9.98mil for the fourth quarter ended Dec 31,2020 despite a 13.4% year-on-year increase in revenue to RM355.77mil.
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