MIDF Research, which is maintaining its “neutral” stance on PetDag with an unchanged target price of RM20.31, opined that the divestment would not weaken PetDag’s portfolio performance for the year.
PETALING JAYA: Petronas Dagangan Bhd
’s (PetDag) proposed divestment of its entire stake in Petronas International Marketing (Thailand) (PIMTCL) is not expected to have any impact on its financial performance.
Although the share price of PetDag may be affected but this would only be in the short term as it effectively utilises its resources after the divestment.
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