GASMSIA (5209) - Low likelihood of negative earnings surprise for Gas Malaysia, says AffinHwang Capital
April 17, 2015 : 8:32 AM MYT
KUALA LUMPUR (April 17): AffinHwang Capital Research has maintained its “Hold” rating on Gas Malaysia Bhd (GMB) ( Financial Dashboard) 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.- The Edge
April 17, 2015 : 8:32 AM MYT
KUALA LUMPUR (April 17): AffinHwang Capital Research has maintained its “Hold” rating on Gas Malaysia Bhd (GMB) ( Financial Dashboard) 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.- The Edge
