Minimal financial hit on PetGas from explosion

Tradeview Capital's Neoh said it is still too early to determine the actual extent of the incident’s impact, in absolute terms, on PetGas.

PETALING JAYA: The financial impact on Petronas Gas Bhd (PetGas) following the bursting of its gas pipeline in Putra Heights is estimated to be less than 5%.

Analysts said the impact on the oil and gas company’s share price is likely to be contained below 5% as well.