CIMB Research maintains Outperform on Gas Malaysia


Dateline 2013-10-07, The Star:

 CIMB Research has maintained its Ourperform call on Gas Malaysia with a raised target price of RM4.39 as the research house favours its positive outlook, underpinned by a stable gas supply and stable margins moving forward.

“We like Gas Malaysia for its stable earnings outlook and protected margins. Its revenue growth will be underpinned by the sales volume increase from additional customers,” it said on Monday.

CIMB said Gas Malaysia has secured customers for 100% of the additional gas volumes in 2013-2014.

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