KUALA LUMPUR: CIMB Equities Research has lowered Gas Malaysia’s target price from RM2.89 to RM2.25 on news that the introduction of incentive-based regulation (IBR) for the gas sector is well under way.
It said on Thursday it is negatively surprised that IBR could be implemented by as soon as January 2016.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!