Bursa Malaysia Stock Watch
PETGAS - Petronas Gas upgraded, at 33-month high
kltrader
Publish date: Mon, 30 Aug 2010, 10:33 AM
kltrader
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Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Research House: RHB
Petronas Gas Bhd, a Malaysian natural gas distributor, had its stock upgraded to "outperform" from "market perform" at RHB Research Institute Sdn Bhd after posting higher first-quarter net income.
Its fair value was raised to RM11.63 from RM10.71, RHB said in a report today.
The stock rose to a 33-month high in Kuala Lumpur trading after fiscal first-quarter net income climbed 42 per cent from a year earlier.
The stock gained 1.4 per cent to RM10.54 at 9:31 am local time, bound for its highest close since February 5, 2008. -- Bloomberg
Company Name: PETRONAS GAS BHD
Research House: RHB
Petronas Gas Bhd, a Malaysian natural gas distributor, had its stock upgraded to "outperform" from "market perform" at RHB Research Institute Sdn Bhd after posting higher first-quarter net income.
Its fair value was raised to RM11.63 from RM10.71, RHB said in a report today.
The stock rose to a 33-month high in Kuala Lumpur trading after fiscal first-quarter net income climbed 42 per cent from a year earlier.
The stock gained 1.4 per cent to RM10.54 at 9:31 am local time, bound for its highest close since February 5, 2008. -- Bloomberg
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