Right timing for PETRONAS

Investment advisers say a listing would offer many positives for the lacklustre local equity market. — Bloomberg

PETALING JAYA: The possible listing of national oil company Petroliam Nasional Bhd (PETRONAS) to overcome the bloated debt at the federal government level presents some challenges and merits.

Despite it being its golden goose and a listing would cause dilution, the government has said it would study the proposal, while investment advisers said a listing would offer many positives for the lacklustre local equity market.