Bursa Malaysia Stock Watch

PETGAS - On the right track

kltrader
Publish date: Thu, 23 Feb 2012, 09:47 PM
kltrader
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Petronas Gas; Buy; RM16.50
Price Target: RM18.50 (Prev: RM16.90); PTG MK

FY11 result was within our and market expectations. Contribution from Melaka regas plant to kick-in from
3Q12 onwards. Attractive growth from new regas and power plants; maintain Buy with higher TP of
RM18.50.

Source: HwangDBS Research 23 Feb 2012
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