Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Petronas Gas; Buy; RM16.50
Price Target: RM18.50 (Prev: RM16.90); PTG MK
FY11 result was within our and market expectations. Contribution from Melaka regas plant to kick-in from
3Q12 onwards. Attractive growth from new regas and power plants; maintain Buy with higher TP of
RM18.50.
Source: HwangDBS Research 23 Feb 2012
Company Name: PETRONAS GAS BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 18.50 |
Petronas Gas; Buy; RM16.50
Price Target: RM18.50 (Prev: RM16.90); PTG MK
FY11 result was within our and market expectations. Contribution from Melaka regas plant to kick-in from
3Q12 onwards. Attractive growth from new regas and power plants; maintain Buy with higher TP of
RM18.50.
Source: HwangDBS Research 23 Feb 2012
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