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PetGas net profit seen to remain robust
PETALING JAYA: Petronas Gas Bhd’s (PetGas) earnings are expected to remain resilient this year, underpinned by the group’s business model and long-term contracts that will ensure steady revenue streams.
PetChem finds good fit in Sweden’s Perstorp
Buy allows diversification into specialty chemicals
PetGas 1Q net profit falls 20% to RM410.6mil
KUALA LUMPUR: Petronas Gas Bhd (PetGas), which saw its net profit tumbled 20.5% to RM410.58mil in the first quarter ended March 31, has declared a first interim dividend of 16 sen per ordinary share.
KLCI ends at 2-month low; Serba Dinamik plunges 68%
KUALA LUMPUR: The FBM KLCI closed 1% lower on Monday after lingering in negative territory for the entire session on broad-based selling.
Trading ideas: Unisem, Vitrox, F&N, IGB REIT, CapitaLand Malaysia Turst, Kossan Rubber Industries, GIIB, Petronas Gas, Shin Yang Shipping, Top Glove Corp and Anzo Holdings
KUALA LUMPUR: Stocks in focus on Thursday could include Unisem (M) Bhd, Vitrox Corp, Fraser & Neave Holdings, IGB Real Estate Investment Trust (REIT), CapitaLand Malaysia Turst, Kossan Rubber Industries, GIIB Holdings, Petronas Gas, Shin Yang Shipping Corp, Top Glove Corp and Anzo Holdings, according to JF Apex Research.
PetGas allocates slightly higher capex for FY22
KUALA LUMPUR: Petronas Gas Bhd (PetGas) is allocating a slightly higher capital expenditure (capex) of RM1.4bil for the financial year ending Dec 31, 2022 (FY22) compared with RM1.2bil in FY21, Bernama reported.
Demand for energy poised to rebound
PETALING JAYA: As Malaysia transitions into an endemic phase, a recovery in the demand for utilities can be expected.
Resilient earnings set to continue for utility firms
PETALING JAYA: Kenanga Research is maintaining its “overweight” call on Malaysian utility companies, given their defensive earnings profile and decent dividend yields.
‘Gas demand from non-power sector likely to improve this year’
KUALA LUMPUR: Local gas demand from the non-power sector is expected to increase post-Covid-19 when local industries return to peak operation, according to Petronas Gas Bhd (PetGas).
Petronas Gas Q4 top line rises 7.79%
Higher contribution from the utilities segment help
