I hope TNB reconsiders buying 1MDB's power assets

From MalaysiaKini:

WSJ added that Goldman Sachs, which received a handsome commission for raising US$3 billion (RM11.22 billion) in bonds for 1MDB, was pressed to do so quickly shortly before the general election.

"Goldman Sachs Group Inc arranged the bond sale and took on extra risk to get the deal done quickly at 1MDB’s request, according to a person familiar with the matter, earning unusually high profits as a result," it said.

Shortly after the general election, Kinibiz reported that Genting made an unexpected RM190 million in donations, believed to be related to the election.

It's noted that 1MDB took a 1.2 billion dollar impairment charge on those power assets, but it puts into question the actual worth of the power plants under the 1MDB name.  Did it overpay for all the other plants as well in return for "political contributions"?

Tenaga I hope will rethink their strategy over these power plants.  Buying them is good, but if they overpay, it could be negative.  It's very much on Tenaga to do an objective purchase of these power plants.  At some point all GLCs seem to have limited upside potential, the rally was good while it lasted.