KUALA LUMPUR: CIMB Equities Research forecasts Petronas Dagangan’s first quarter 2015 performance to improve due to the rebound in the oil price rebound and the implementation of managed float system for RON 95 petrol and diesel since Dec 1, 2014.
It said on Friday the managed float system works for PetDag as it reduces the amount of subsidy receivables, thus improving the company’s cashflow.
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