Reason of Tenaga sudden down swing

"Public Investment Bank said excluding RM1.1 billion forex gain, TNB recorded a core net profit of RM445.5 million for 3Q FY2024, marking a significant decline of 48.4 per cent year-on-year and 65.6 per cent quarter-on-quarter."

👇🏻🔬🔬🔬

Analyse the numbers, then you will understand the reason of the MYR 1 drop from MYR 14 to MYR 13.02 before bulls come in to support.

My gut feeling... for long term retail investors, let the institutional investors decide the market price first,... then you jump in after volatility subside.

Stock price does not match revenue and profit numbers. Too rich valuation. 😰.