Wednesday, November 5, 2014

Affin Hwang Capital Daily Insight (LV) - 5 November 2014 - PGAS



Top Calls

Results Note Petronas Gas (REDUCE, maintain)

- Room for improvement

PGas
3Q14 results were within expectations. Nonetheless, we believe there is scope for improvement in operations to stimulate sequential revenue growth. Valuations are not cheap at this juncture. Therefore, we maintain REDUCE with an unchanged PT of RM20.20.


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