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Petronas Gas Bhd trades near MYR 18.50 with solid fundamentals, low debt, and a 3.9% yield. Short-term momentum is mildly positive, but resistance around MYR 19 may cap gains. The stock is likely to move sideways with slight upside, unless driven by strong catalysts, while cost and regulatory risks remain.
Petronas Gas Berhad (PETGAS) trades near MYR 17.8, close to its 52-week high, with a ~4% dividend yield and strong ROE/ROCE (~13%). Analysts see 5–12% upside toward MYR 20, though sentiment was briefly hit by an April pipeline fire, now resolved. Short-term outlook: stable with moderate upside potential.
Petronas Gas shows cautious momentum with balanced technical signs. Its fundamentals are sound, but tariff changes cast a shadow on near-term growth—making it a stock to watch closely if buying interest returns.
The stock is showing strong bullish momentum, trading near its 52-week high of RM 18.58. Technical indicators suggest a “Strong Buy.” Analysts expect modest upside, with price targets ranging from RM 18.26 to RM 18.80. The upcoming earnings report on August 22 could impact short-term movement. External factors like sector news from Petronas may also influence investor sentiment.
