KUALA LUMPUR: Gas Malaysia’s 2Q20 net profit was in line with Maybank Investment Bank and market expectations, with movement control order (MCO) induced volume weakness being offset by a higher spread.
“Maintain Hold with an unchanged RM2.80 target price, ” it said on Friday.
Maybank Research said despite the regulatory opacity, it expects Gas Malaysia to maintain its c.RM2/mm BTU historical spread in the current regulatory period.
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