Gas Malaysia Berhad (GMB) has stabilized gas supply to customers in the northern region and parts of Klang Valley, supported by additional gas from Petronas Gas via the Trans Thailand-Malaysia pipeline.
This follows an explosion at the PGU pipeline in Putra Heights over two weeks ago, impacting nearly 300 industrial customers. While public safety and supply are secured, full restoration and pipeline reconstruction will take time, with curtailment expected to end by April 20, 2025.
The financial impact remains unclear, but insurance negotiations could mitigate losses. GMB is advised to enhance transparent communication to manage its reputation.
MIDF maintains a BUY rating with a target price of RM4.57, with no changes to GMB’s forecast.
Source: MIDF
Fomca urges government transparency on Budget 2026 cuts, warning healthcare reductions could harm patients, staff,…
PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy…
UAE exits OPEC+, weakening spare capacity control and signaling shift toward capacity-driven competition, raising volatility…
Dunlop launches EV-ready tyres under Toyotsu Binter, strengthening Malaysian presence with new products, dealer expansion,…
The FOMC maintained that US economic activity continued to expand at a “solid” pace. Growth…
Finance Ministry raises RON97 and RON95 prices, keeps diesel unchanged, urges prudent fuel use amid…
This website uses cookies.