Company Overview and News

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Misif asks for three-year stay on natural gas tariff hikes for iron, steel sector

2018-06-21 theedgemarkets
KUALA LUMPUR: The Malaysian Iron and Steel Industry Federation (Misif) has called for a three-year moratorium on natural gas price hikes by maintaining it at RM32.52 per one million British thermal unit (mmbtu) for the local iron and steel players.
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Keep power tariff unchanged, FMM urges

2018-06-19 theedgemarkets
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) wants the government to stick with current electricity tariff rates to help relieve their energy cost burden.
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Foundpac, Gas Malaysia, JCBNext, Kelington, Pimpinan Ehsan

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. One had positive momentum while four showed negative momentum.
5209 BSMAF 1818

2
FMM urges govt to maintain electricity tariff following gas price hike

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): The Federation of Malaysian Manufacturers (FMM) is urging the Pakatan Harapan government to maintain the current electricity tariff rates, to help relieve energy cost burden on the manufacturing sector.
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Higher effective tariff rate seen to have neutral impact on Gas Malaysia

2018-06-18 theedgemarkets
Gas Malaysia Bhd (June 14, RM2.94) Downgrade to market perform with an unchanged target price (TP) of RM3.05: Last Wednesday, Gas Malaysia Bhd announced that the government had approved the half-yearly natural gas base tariff rate revision for non-power sectors in Peninsular Malaysia to RM31.92 per million British thermal unit (mmbtu) on average for July 2018 to December 2018 from RM30.90/mmbtu in January 2018 to June 2018, which is in line with the national rationalisation plan and gas cost pass-through (GCPT) announced in December 2016.
PNADF 5347 5209 TNABY TNABF PNAGF 6033

2
Gas Malaysia downgraded to market perform by Kenanga

2018-06-14 malaymail
KUALA LUMPUR, June 14 — Kenanga Investment Bank has downgraded Gas Malaysia Bhd to market perform from outperform as it believes all positives have already been priced-in following a seven per cent run in its share price in the past two weeks.
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Trading ideas: GFM, Supermax, EA Technique, Petra Energy, Gas Malaysia

2018-06-14 thestar.com.my
KUALA LUMPUR: JF Apex Research expects GFM Services Bhd, Supermax Corp Bhd , Petra Energy Bhd , E.A Technique (M) Bhd) and Gas Malaysia Bhd to be among the stocks to watch today.
SPMXY 5209 SPMXF 5133

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KLCI likely to remain muted ahead of Hari Raya break

2018-06-13 theedgemarkets
KUALA LUMPUR (June 14): The FBM KLCI is likely to remain muted today ahead of the Hari Raya Aidilfitri holiday as Bursa Malaysia officially closes after the morning session.
SPMXY 5209 SPMXF 8613 BSMAF MGFCF 1818 5133

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Supermax, E.A Technique, Enra, Petra Energy, GFM Services, Mega First and Gas Malaysia

2018-06-13 theedgemarkets
KUALA LUMPUR (June 13): Based on corporate announcements and news flow today, companies in focus on Thursday (June 14) may include: Supermax Corp Bhd, E.A. Technique (M) Bhd, Enra Group Bhd, Petra Energy Bhd, GFM Services Bhd, Mega First Corp Bhd and Gas Malaysia Bhd.
SPMXY 5209 SPMXF 8613 MGFCF 5133

2
Malaysian Gas Association voices support for gas price hike

2018-06-13 theedgemarkets
KUALA LUMPUR (June 13): The Malaysian Gas Association (MGA) has voiced its support for the increase in natural gas tariff for Peninsular Malaysia's non-power sector.
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Gas Malaysia announces natural gas tariff hike

2018-06-13 theedgemarkets
KUALA LUMPUR (June 13): Gas Malaysia Bhd announced today the revision of natural gas base tariff for the non-power sector in Peninsular Malaysia to RM31.92/MMBtu from RM30.90/MMBtu from July 1 to Dec 31, 2018. Gas Malaysia said the government has approved the natural gas tariff hike.
5209 BSMAF 1818

3
KLCI to trend sideways, automotive stocks to be in focus

2018-06-11 theedgemarkets
KUALA LUMPUR (June 12): The FBM KLCI is expected to trend sideways today, with automotive-related stocks possibly in focus.
SRE.PRA 6173 5209 SRE 0091 0043

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Sapura Energy, RHB, Bina Darulaman, Daya Materials, Metronic Global, Meda Inc and Gas Malaysia

2018-06-11 theedgemarkets
KUALA LUMPUR (June 11): Based on corporate announcements and news flow today, companies in focus on Tuesday (June 12) may include: Sapura Energy Bhd, RHB Bank Bhd, Bina Darulaman Bhd, Daya Materials Bhd, Metronic Global Bhd, Meda Inc Bhd and Gas Malaysia Bhd.
4634 6173 5209 0091 BSMAF 0043 7078 1818

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Syed Mokhtar's daughter joins Gas Malaysia board

2018-06-11 theedgemarkets
KUALA LUMPUR (June 11): Sharifah Sofia Syed Mokhtar Shah, the 24-year-old daughter of tycoon Tan Sri Syed Mokhtar Al-Bukhary, has joined the board of Gas Malaysia Bhd as a non-executive director.
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