Stock Name: GASMSIA
Company Name: GAS MALAYSIA BERHAD
Affin Investment Bank raised its target price on Gas Malaysia Bhd shares to RM3 from RM2.80 as the company has secured customers to take up all the additional gas supply for 2013 and 2014 financial years.
About 25 percent extra gas supply kicks in after Petronas Gas starts up its regasification plant in central Malaysia by end-January 2013, Affin said, helping Gas Malaysia lift revenue growth by 8.8 percent for both financial years.
Affin maintained its "add" call on the stock. Gas Malaysia shares were unchanged in morning trade, compared with the broader market that inched lower at 0158 GMT.
Gas Malaysia is the only firm licensed to supply and sell natural gas in mainland Malaysia where demand has been steadily growing. -- Reuters
Company Name: GAS MALAYSIA BERHAD
| Research House: AFFIN | Price Call: BUY | Target Price: 3.00 |
Affin Investment Bank raised its target price on Gas Malaysia Bhd shares to RM3 from RM2.80 as the company has secured customers to take up all the additional gas supply for 2013 and 2014 financial years.
About 25 percent extra gas supply kicks in after Petronas Gas starts up its regasification plant in central Malaysia by end-January 2013, Affin said, helping Gas Malaysia lift revenue growth by 8.8 percent for both financial years.
Affin maintained its "add" call on the stock. Gas Malaysia shares were unchanged in morning trade, compared with the broader market that inched lower at 0158 GMT.
Gas Malaysia is the only firm licensed to supply and sell natural gas in mainland Malaysia where demand has been steadily growing. -- Reuters
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