In 2019, the group introduced two new services including the gassing up and cooling down for liquefied natural gas (LNG) carriers and reloading services.
PETALING JAYA: Petronas Gas Bhd
’s (PetGas) strong free cash flow generation of RM1.5bil per year will be sufficient to sustain its current price-to-earnings valuation.
Affin Hwang Capital said in a report PetGas has no issue sustaining its historical payout of 80% of total earnings per share, which translates into decent dividend yield of 4.5%.
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