PETALING JAYA: Anticipated declines in Petronas Gas Bhd
’s (PetGas) gas transportation revenues will result in an earnings reduction of 3% in fiscal 2020 (FY20) and subsequently 8% in FY23, said AmInvestment Bank Research.
The research house retained its “hold” call on the counter with unchanged forecasts and a sum-of-parts-based (SOP) fair value of RM15.35 per share, implying an FY19 price earnings ratio of 16x.
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