摩根士丹利：国家电网：为人工智能供能 -分解风险
摩根·2025-04-21 03:00
April 14, 2025 03:04 PM GMT Tenaga Nasional | Asia Pacific Powering AI: Factoring Risks | What's Changed | | | | --- | --- | --- | | Tenaga Nasional (TENA.KL) | From | To | | Price Target | RM20.60 | RM16.30 | Power market tightness is set to stay but the narrative driving multiples on Powering AI has seen multiple risks emerge, especial for US chip exports to South Asia. We factor this into our lower PT. Key Takeaways TNB re-rated by 35% in 2024 as power demand grew above expectations and datacenter growth ...