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Gas Malaysia fixes 2Q21 natural gas selling price at RM26 85/MMBtu

KUALA LUMPUR (April 9): Gas Malaysia Bhd has set the average natural gas selling price for the distribution segment of its unit Gas Malaysia Energy and Services Sdn Bhd at RM26.85 per million British thermal unit (MMBtu) for the second quarter of 2021 (2Q21). The above average natural gas selling price includes the transportation tariff of RM1.19 per MMBtu, the legacy gas cost pass through of RM0.62 per MMBtu and distribution tariff of RM2.05 per MMBtu as previously approved by Suruhanjaya Tenaga, the group said in a filing with Bursa Malaysia today. Gas Malaysia clarified that this selling price revision is not applicable to the sales of natural gas for natural gas vehicle and liquefied petroleum gas supplied in gas cylinder or in bulk.

Trading ideas: Pharmaniaga, MTD ACPI, Mulpha International, AirAsia, Gas Malaysia

are among the stocks to watch on Wednesday, according to JF Apex Research. Pharmaniaga is partnering with China s Sinovac Life Sciences Co Ltd for the supply of 14 million doses of Covid-19 vaccine in Malaysia. Pharmaniaga expects the vaccine to be distributed to the public by the end of March, according to managing director Datuk Zulkarnain Md Eusope. Under the deal, Pharmaniaga will carry out the fill and finish process of the vaccine developed by Sinovac. MTD ACPI Engineering has won a RM33.44mil construction contract from the Public Works Department in Pahang. Mulpha International s wholly-owned unit Mulpha Australia (Holdings) Pty Ltd has accepted a syndicated credit facility of A$342mil (RM1.07bil) from Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd in Australia to finance the refurbishment works at InterContinental Sydney Hotel and to refinance its existing borrowings.

Average natural gas selling price eases

This is lower by 34.21% or RM11.51/MMBtu compared to the 2020 average natural gas selling price, said Gas Malaysia Bhd in a filing with Bursa Malaysia KUALA LUMPUR: The average natural gas selling price applicable for Gas Malaysia Energy and Services Sdn Bhd from Jan 1 to March 31,2021, will be set at RM22.14/million British Thermal Units (MMBtu). This is lower by 34.21% or RM11.51/MMBtu compared to the 2020 average natural gas selling price, said Gas Malaysia Bhd in a filing with Bursa Malaysia. The selling price revision has included the transportation tariff of RM1.19 per MMBtu, the legacy gas cost pass-through of RM0.62 per MMBtu and distribution tariff of RM1.88 per MMBtu as previously approved by Suruhanjaya Tenaga.

QL Resources, Boilermech, FGV, Pharmaniaga, I-Stone, Spring Art, Ho Wah Genting, Handal Energy, ATTA Global, MTD ACPI, Mulpha, MAHB, AirAsia, Gas Malaysia

KUALA LUMPUR (Jan 12): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Jan 13) include QL Resources Bhd, Boilermech Holdings Bhd, FGV Holdings Bhd, Pharmaniaga Bhd, I-Stone Group Bhd, Spring Art Holdings Bhd, Ho Wah Genting Bhd, Handal Energy Bhd, ATTA Global Group Bhd, MTD ACPI Engineering Bhd, Mulpha International Bhd, Malaysia Airports Holdings Bhd, AirAsia Group Bhd, and Gas Malaysia Bhd. QL Resources Bhd s takeover offer for shares it does not own in Boilermech Holdings Bhd has been extended to Jan 29. The initial deadline for the conditional mandatory general takeover offer at 95 sen per share was Jan 14. QL currently controls a 48.41% stake or 249.79 million shares in Boilermech.

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