Affin Hwang Research anticipates the group to report lower core net profit of RM391mil for 2025.
PETALING JAYA: Affin Hwang Investment Bank Research projects Gas Malaysia Bhd
’s 2025 earnings to decline by 11% on lower gas prices and compression in gas shipping margins, but notes that its earnings outlook is largely intact.
“We anticipate the group to report lower core net profit of RM391mil for 2025 due to lower profit margin from Gas Malaysia Energy and Services under the new gas shipping agreements and declining natural gas selling prices, tracking weaker global crude oil prices and the strengthening of ringgit to US dollar,” it said.
