Gas Malaysia 2Q net profit within market forecast, Maybank IB says


Maintain Hold with an unchanged RM2.80 target price, Maybank IB Research said.

KUALA LUMPUR: Gas Malaysia’s 2Q20 net profit was in line with Maybank Investment Bank and market expectations, with movement control order (MCO) induced volume weakness being offset by a higher spread.

“Maintain Hold with an unchanged RM2.80 target price, ” it said on Friday.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read