CIMB Research said it is maintaining its earnings forecasts.
PETALING JAYA: Petronas Dagangan Bhd
(PetDag) is not expected to see a material shift in its earnings trajectory despite the recently announced changes in RON95 petrol pricing.
While the lower subsidised pump price may offer minor volume support, CIMB Research said the impact on the fuel retailer’s bottom line would be “neutral” in the near to medium term.
