MIDF Stays Positive On PetGas’ Natural Gas Power Plant Venture

Quick Summary:

Petronas Gas Bhd (PetGas) has announced that its wholly owned subsidiary, PG Energia Sdn Bhd (PGE), has entered into a shareholding agreement to develop a 120MW power plant in Labuan.

MIDF Amanah Investment Bank Bhd (MIDF Research) has maintained a BUY call on the stock with a target price of RM18.67.

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Article Details

Category: InvestingBusiness

Markets: MalaysiaIndonesiaSingapore

Topics: Markets Petronas gas Petgas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 04:42:18 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Today

News ID: 28505770

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