Petaling Jaya, 28 October 2026 – Gas Malaysia Bhd could return to earnings growth next year as higher natural-gas prices and possible changes to Malaysia’s gas-supply market reshape its prospects. An analyst forecast more than 8 gigawatts of new gas-fired generation capacity by 2031 and upgraded the stock to a buy, while identifying the proposed Yan regasification terminal as a potential longer-term contributor.
The outlook matters because Malaysia’s expanding power needs, including those associated with data centres, are increasing attention on reliable gas supply and infrastructure. The company’s prospects are not guaranteed: market liberalisation, project financing, construction and customer commitments will determine whether forecast opportunities translate into earnings and shareholder value.
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