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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.