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KUALA LUMPUR: Late buying of selected stocks including Nestle and Petronas Dagangan helped the FBM KLCI pare down its losses but the gains were insufficient to push the index above the key 1,500 level.
PETALING JAYA: Petronas Gas Bhd (PetGas), which posted strong earnings in the second quarter (Q2) ended June 30,2020, declared dividends of 66 sen per share, or a total of RM1.3bil.
PETALING JAYA: Petronas Gas Bhd’s (PetGas) strong free cash flow generation of RM1.5bil per year will be sufficient to sustain its current price-to-earnings valuation.
KUALA LUMPUR: Petronas Gas Bhd, anchored by long term contract and stable revenue streams, does not expect be impacted by the prevailing market challenges and uncertainties, its managing director and CEO Kamal Bahrin Ahmad says.
KUALA LUMPUR: Bursa Malaysia closed higher on Monday, underpinned by gains in plantation and new entrants to the FBM KLCI – Telekom Malaysia and KLCCP – but Asian markets were impacted by worries about fresh Covid-19 pensions.
KUALA LUMPUR: JF Apex Research expects Malaysian Pacific Industries Bhd (MPI), Genting Plantations Bhd, Malakoff Corp Bhd, Aeon Co (M) Bhd, Ranhill Utilities Bhd and Telekom Malaysia Bhd (TM).
KUALA LUMPUR: With little earnings risk over the next three years, Petronas Gas Bhd's recent share price weakness could offer investors a buying opportunity, says Kenanga research.
KUALA LUMPUR: Bursa Malaysia kicked off Monday on a cautious note as worries about the outlook for the economy were confirmed by Bank Negara’s forecast while foreign selling continued to weigh.