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PETALING JAYA: Gas Malaysia Bhd registered a 21.2% year-on-year (y-o-y) rise in net profit to RM50.91mil for the third quarter ended Sept 30,2020.
This is the first instalment of five awareness series on Malaysia’s journey towards liberalising its natural gas market by the Energy Commission (Suruhanjaya Tenaga or ST), a regulatory body responsible of ensuring that the supply of electricity and piped gas to consumers is secure, reliable, safe, and affordable.
KUALA LUMPUR: Utility and infrastructure group MMC Corp is reviving an initial public offering plan for its port assets, which could be the biggest listing in the country since 2012, according to people familiar with the matter.
KUALA LUMPUR: Bursa Malaysia started Monday on a cautious note in the absence of strong positive leads on the local and external front while foreign selling has kept the key FBM KLCI under check.
KUALA LUMPUR: Gas Malaysia’s 2Q20 net profit was in line with Maybank Investment Bank and market expectations, with movement control order (MCO) induced volume weakness being offset by a higher spread.
PETALING JAYA: Gas Malaysia Bhd posted a 9% drop in net profit to RM44.62mil for the second quarter ended June 30 compared to RM49mil a year earlier, on the back of 11.3% lower revenue of RM1.54bil from RM1.74bil previously.
KOTA KINABALU: Petronas is the only oil and gas company out of the nine operating in Sabah that has yet to pay their 5% sales tax to the state.
KUALA LUMPUR: Shares of Alam Maritim Resources Bhd rose over 5% in early trade Wednesday after securing a contract from Repsol Oil & Gas Malaysia Ltd.
KUALA LUMPUR: Stocks to watch on Wednesday include Kossan Rubber Industries Bhd, Green Ocean Corp Bhd, AT Systematization Bhd, Alam Maritim Resources Bhd, DRB-Hicom and Hartalega Holdings Bhd, according to JF Apex Research.
PETALING JAYA: Alam Maritim Resources Bhd has secured a five-year contract from Repsol Oil & Gas Malaysia Ltd to provide subsea inspection, maintenance and repair services for Block PM3 in a commercial arrangement area located between Malaysia and Vietnam.