A worker unloads an empty Petronas gas cylinder at a shop in Ampang, in the suburbs of Kuala Lumpur on November 14, 2013. Malaysian state energy firm Petronas said on November 12 its third-quarter net profit rebounded, rising 19.5 percent year-on-year due to higher sales of crude oil and other products. AFP PHOTO / MOHD RASFAN
A potential squeeze on its margins from the recent hike in gas tariffs may unsettle investors of Gas Malaysia Bhd
, at least until it clears the air.
In the meantime, analysts have had to do a bit of guesswork on whether the higher gas prices will work in Gas Malaysia’s favour.
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