[%QSoT%] 
Research by TA
Buy - TP RM21.20

"Earnings In-Line"

Maintain Buy with a higher sum-of-parts derived target price of RM21.20/share as we now attach a 3% ESG premium in line with our 4- star rating for PETGAS.

Analyst:
Kaladher Govindan 
[%wPBP%]

$KLSE-PETGAS 
Research by TA
Buy - TP RM21.20

"Earnings In-Line"

Maintain Buy with a higher sum-of-parts derived target price of RM21.20/share as we now attach a 3% ESG premium in line with our 4- star rating for PETGAS.

Analyst:
Kaladher Govindan 
kaladher@ta.com.my