October 6, 2010

PETGAS - Petronas Gas raised to 'buy' at Maybank

Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Research House: MAYBANK



Petronas Gas Bhd was raised to "buy" from "hold" at Maybank Investment Bank Bhd, which said the natural gas distributor is a major beneficiary as Malaysia liberalizes its gas supply and prices.

The share-price estimate was increased to RM12.80 from RM10.40, Andrew Lee, an analyst at Maybank Investment, said in a report today. - Bloomberg



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