Higher cost: PetGas recognised an unrealised forex loss of RM16.9mil in the second quarter, mainly due to the revaluation of its US dollar-denominated finance lease of liquefied natural gas tankers.
PETALING JAYA: The share price of Petronas Gas Bhd
(PetGas) fell almost 2% to RM22.10 despite rising earlier in the day after analysts said core earnings should improve on the back of higher utilities revenue, moving forward.
The stock, which is also an index component, rose to as high as RM22.94 yesterday, as analysts issued reports on a conference call on the updates of its second-quarter ended June 30 results.
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