Affin Hwang Capital Research Highlights

Petronas Gas - Melaka Regas to commence soon

kltrader
Publish date: Mon, 13 May 2013, 10:09 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.
Following Message

Petronas Gas; Buy
Price Target: RM22.20 (prev RM20.70); PTG MK

1Q13 results within our and market expectations. Expect stronger 2H with commencement of Melaka Regas plant in 2Q. Key catalysts are new regas plant in Johor and Petronas’ larger gas capex. Maintain BUY with higher TP of RM22.20.

Source: HwangDBS Research - 13 May 2013

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