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Affin Hwang cuts PetGas earnings forecast


Calling the company’s outlook “murky”, the research house said it expected PetGas to record a slightly lower net profit of RM1.85bil in the financial year 2020 (FY20), down from a projected net profit of RM1.88bil in FY19.

Calling the company’s outlook “murky”, the research house said it expected PetGas to record a slightly lower net profit of RM1.85bil in the financial year 2020 (FY20), down from a projected net profit of RM1.88bil in FY19.

PETALING JAYA: Petronas Gas Bhd ’s (PetGas) net profits in the next two years are expected to be hit by lower gas transportation tariffs, according to Affin Hwang Capital Research.

Calling the company’s outlook “murky”, the research house said it expected PetGas to record a slightly lower net profit of RM1.85bil in the financial year 2020 (FY20), down from a projected net profit of RM1.88bil in FY19.

Corporate News , Oil & Gas

   

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