Promising outlook for Petronas Gas in 2HY13, says HwangDBS


From the Malay Mail, dateline 2013-09-23:

HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Malacca Regas plant and larger gas capital expenditure.

“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.

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