CGS Chops Down Petronas Gas’ Outlook

Quick Summary:

Petronas Chemicals Group Bhd (PCG) faces a challenging first half of 2025, according to CGS International, which has revised its earnings forecasts sharply downward and advised investors to reduce their holdings in the company.

The call comes after PCG’s share price rebounded from an earlier slump triggered by the U.S.

The call comes after PCG’s share price rebounded from an earlier slump triggered by the U.S.“Liberation Day” tariff announcement on April 2.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: MalaysiaIndia

Topics: Petronas gas News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 10:10:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Today

News ID: 28319346

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