Petronas Gas Bhd, a Malaysian natural gas distributor, had its share estimate cut to RM13.54 from RM13.65 at OSK Research Sdn Bhd, which said in a report today that the impact from the Bekok C gas platform fire in December was “worse than we had originally suspected.”
Some 125 million cubic feet per day of gas may be out of action for at least 12 months, OSK analyst Chris Eng wrote in the report.
The research house said it cut its 2012 financial earnings estimate by 3 per cent. -- Bloomberg
