Promising outlook for Petronas Gas

KUALA LUMPUR: Alliance DBS Research is maintaining a Buy rating for Petronas Gas (PetGas)for its promising outlook, supported by rising gas demand, a solid balance sheet and strong support.

To recap, PetGas had signed a 65%/25%/10% joint venture agreement with Dialog and State Secretary of Johor to develop a new regasification (regas) plant at the Pengerang Deep Water Terminal, Johor.