That’s because when gas is bought at market rates, the cost is passed on to the voters.
Dateline 2103-09-23, from Sin Chew Jit Poh:
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 Melaka 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.
The company was also poised to secure overseas ventures given its strong balance sheet, HwangDBS said.
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Wata - Malaysian Oil and Gas Engineer 