MIDF Research, which reiterated a
PETALING JAYA: Gas Malaysia Bhd
’s earnings will not be impacted by the recently announced gas tariff revision but the implementation of the gas cost pass through (GCPT) mechanism could result in lumpy cash flows for the company.
MIDF Research, which reiterated a “buy” recommendation on the natural gas distribution company, with an unchanged target price of RM3.07, said in a report that Gas Malaysia’s prospects remain positive.
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