Friday 29 Mar 2024
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KUALA LUMPUR (April 17): AffinHwang Capital Research has maintained its “Hold” rating on Gas Malaysia Bhd (GMB) at RM2.68 with a target price of RM2.50 and said it believed there was a low likelihood of negative earnings surprise for GMB’s upcoming 1Q15 results, partly due to seasonally lower gas usage in 1Q15 which reduces the need to use the more expensive LNG.

In a note today, the research house said nonetheless, GMB still needed a long term solution for using LNG.

“Maintain Hold with unchanged target price of RM2.50,” it said.

 

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