Written by OSK Research
Thursday, 18 February 2010 08:46
KUALA LUMPUR: OSK Research believes Petronas Gas’ upcoming revision of gas processing and transmission agreement (GPTA) terms on April 1, 2010 may actually be positive for the company but in any case, it will not be worse than NPV-neutral.
It said on Thursday, Feb 18 that with capex looking to rise over the next five years and Petronas looking at enhancing efficiency in gas usage, it believes Petronas Gas will enjoy better revenue if it continues to improve its services.
"We raise our DCF-based fair value to RM10.77 and upgrade the stock to a Buy (at RM9.78) as Petronas Gas is the ideal candidate for a large cap defensive stock in an increasingly volatile market," it said.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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