Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Research House: MAYBANK
Petronas Gas Bhd, Malaysia's state-controlled natural gas transmission company, was upgraded to "hold" from "sell" at Maybank Investment Bank Bhd, after concluding a new five-year delivery agreement.
Its share price forecast was raised to RM10.40 from RM8.80, Maybank said in a report today.
Meanwhile, RHB Research Institute Sdn Bhd raised Petronas Gas to "market perform" from "underperform" and increased its earnings estimates for the company.
The stock's fair value was raised to RM10.51 from RM9.72, RHB said in a report today. -- Bloomberg
Company Name: PETRONAS GAS BHD
Research House: MAYBANK
Petronas Gas Bhd, Malaysia's state-controlled natural gas transmission company, was upgraded to "hold" from "sell" at Maybank Investment Bank Bhd, after concluding a new five-year delivery agreement.
Its share price forecast was raised to RM10.40 from RM8.80, Maybank said in a report today.
Meanwhile, RHB Research Institute Sdn Bhd raised Petronas Gas to "market perform" from "underperform" and increased its earnings estimates for the company.
The stock's fair value was raised to RM10.51 from RM9.72, RHB said in a report today. -- Bloomberg
No comments:
Post a Comment