PETALING JAYA: Anticipated declines in Petronas Gas Bhd
’s (PetGas) gas transportation revenues will result in an earnings reduction of 3% in fiscal 2020 (FY20) and subsequently 8% in FY23, said AmInvestment Bank Research.
The research house retained its “hold” call on the counter with unchanged forecasts and a sum-of-parts-based (SOP) fair value of RM15.35 per share, implying an FY19 price earnings ratio of 16x.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
