Gas Malaysia Berhad Stock Analysis (March 2026)

Gas Malaysia Berhad

KLSE:GASMSIA

RM 6,00

+ RM0,17 (2,92%)

6,00 RM

+RM0,17 (2,92%)

End-of-day quote: 03/31/2026

Gas Malaysia Berhad Stock Value

The current analyst rating for KLSE:GASMSIA is Hold.

Hold

Gas Malaysia Berhad Company Info

EPS Growth 5Y

12,03%

Market Cap

RM7,49 B

Long-Term Debt

RM0,53 B

Quarterly earnings

05/21/2026

Dividend

RM0,27

Dividend Yield

4,49%

Founded

1992

Industry

Utilities

Country

Malaysia

Website

Gas Malaysia Berhad

ISIN Number

MYL5209OO001

Website

http://www.gasmalaysia.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

RM4,41

-26.5%

Last Update: 03/31/2026

Analysts: 8

Highest Price Target RM6,20

Average Price Target RM4,41

Lowest Price Target RM3,90

In the last five quarters, Gas Malaysia Berhad’s Price Target has risen from RM2,64 to RM3,31 - a 25,38% increase. Six analysts predict that Gas Malaysia Berhad’s share price will fall in the coming year, reaching RM4,41. This would represent a decrease of -26,50%.

Top growth stocks in the utilities sector (5Y.)

What does Gas Malaysia Berhad do?

Gas Malaysia Berhad sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors. Business Segments The company operates through three segments: Natural Gas Distribution, Regasification, and Utilities. Natural Gas Distribution This segment involves running a comprehensive pipeline system to supply natural gas to industrial and commercial users. By offering reliable and efficient distribution capabilities, the company ensures its customers gain access to...

Gas Malaysia Berhad sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors.

Business Segments

The company operates through three segments: Natural Gas Distribution, Regasification, and Utilities.

Natural Gas Distribution

This segment involves running a comprehensive pipeline system to supply natural gas to industrial and commercial users. By offering reliable and efficient distribution capabilities, the company ensures its customers gain access to a cleaner and cost-effective fuel alternative. The company strives to enhance its distribution network continually, focusing on improving service quality and expanding coverage areas.

Regasification

This segment relates to the process of converting liquefied natural gas (LNG) back into its gaseous state so it can be distributed through pipelines. The company manages regasification terminals strategically located to facilitate seamless supply and storage of LNG. Through this segment, the company maintains a robust capacity to respond to changing market demands and supply requirements, ensuring energy security for the nation.

Utilities

This segment encompasses various services, including utility bill services and the management of energy consumption data. By offering these ancillary services, the company supports customers in optimizing their energy use and managing their energy costs effectively. This segment represents an opportunity for the company to add value beyond basic gas supply, further enhancing customer relationships and satisfaction.

Business Strategy

The company’s business strategy centers around three critical pillars: customer focus, operational excellence, and sustainability. The company prioritizes understanding customer needs and enhancing service experiences to foster long-term relationships. The company invests continuously in market research to gather insights that guide its service offerings and customer engagement strategies.

Sustainability reflects the company’s commitment to promoting environmentally friendly energy options. By implementing gas as a cleaner alternative to traditional fuels, the company aims to contribute to reduced greenhouse gas emissions in Malaysia. This commitment extends to exploring renewable energy solutions, aligning with national goals for sustainability.

Products and Services

The company’s extensive portfolio of products and services highlights its aim to cater to varying customer demands:

Natural Gas Supply: The primary offering includes the distribution of natural gas to multiple sectors including industrial, commercial, and residential customers. The supply is characterized by reliability and competitiveness, ensuring a stable energy source for users.

Gas Infrastructure Services: This includes the installation and maintenance of gas pipelines, metering systems, and other related infrastructure. The company ensures infrastructure is maintained to high standards to guarantee seamless service delivery.

Energy Management Solutions: The company provides consultancy services focused on energy management and consumption optimization. The company assists clients in tracking and managing energy use, thereby improving efficiency and reducing costs.

Regasification Services: As part of its commitment to a robust LNG supply chain, the company offers expertise in regasification processes, ensuring availability and reliability of gas supplies to its customers.

Community Investments: The company is actively involved in community engagement initiatives, sharing a portion of its resources in environmental conservation and educational programs aimed at enhancing public awareness about energy efficiency and sustainability.

Through these products and services, the company is dedicated to providing comprehensive natural gas solutions that meet its customers' needs effectively and responsibly.

Geographical Markets

The company mainly operates in the Malaysian market through a well-established network of subsidiaries and partnerships. While the focus remains on national coverage, the company is continuously exploring expansion opportunities within Southeast Asia.

Seasonality

The natural gas distribution market in which the company operates tends to exhibit some seasonal variability, often influenced by weather conditions and market demands. Demand for gas typically peaks during specific seasons, such as during colder months when residential heating needs increase. Understanding these trends allows the company to optimize its supply chain and operational strategies.

Customers

The company’s customer base encompasses a diverse range of sectors, including manufacturing, commercial enterprises, and residents. The company serves thousands of customers, ensuring that each has access to reliable energy solutions.

Marketing

The company employs a multifaceted approach for marketing and distribution. The company relies on various communication channels to reach potential customers, including digital marketing, direct sales, and community engagement initiatives. Distribution is primarily achieved through an extensive and reliable pipeline network, ensuring efficient delivery of natural gas to end-users. Customer feedback often guides enhancements to marketing and distribution strategies, allowing the company to remain attuned to market dynamics.

History

Gas Malaysia Berhad was founded in 1992. The company was incorporated in 1992.

Gas Malaysia Berhad Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry:** 45% **Trade:** 30% **Households:** 25% **TOP 3 Markets:** 1. **Industry:** 45% 2. **Trade:** 30% 3. **Households:** 25% Gas Malaysia Berhad generates the majority of its revenue from the industry, which accounts for almost half of the income. This is due to the high demand for...

At which locations are the company’s products manufactured?

**Production Location:** Malaysia Gas Malaysia Berhad produces and distributes natural gas in Malaysia. The company operates an extensive distribution network that spans the Malaysian peninsula. Production and distribution mainly occur within the country to meet local demand for natural gas. The c...

What strategy does Gas Malaysia Berhad pursue for future growth?

**Revenue Growth:** Estimated 7-10% annually (based on historical data and market trends until 2023) **Strategic Focus Areas:** 1. **Diversification of the product portfolio** 2. **Expansion of infrastructure** 3. **Sustainability initiatives** Gas Malaysia Berhad pursues a strategy focused on div...

Which raw materials are imported and from which countries?

**Main commodity:** Natural gas **Countries of origin:** Malaysia, Qatar, Indonesia, Australia Gas Malaysia Berhad mainly imports natural gas, which serves as the primary raw material for their business activities. Malaysia itself is a significant producer of natural gas, which is why a large part...

How strong is the company’s competitive advantage?

**Market share in Malaysia:** approx. 70% (2026, estimated) **EBITDA margin:** 10% (2025, estimated) **Customer retention rate:** over 90% (2025, estimated) Gas Malaysia Berhad has a significant competitive advantage due to its dominant market position in Malaysia. With an estimated market shar...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Estimated at 50% (2026) **Insider Purchases/Sales:** No significant transactions reported (2026) The institutional investor share in Gas Malaysia Berhad is estimated to be around 50%. This indicates a strong interest from institutional investors in the company, re...

What percentage market share does Gas Malaysia Berhad have?

**Market share of Gas Malaysia Berhad:** 25% (2026, estimated) **Main competitors and their market shares:** 1. **Petronas Gas Berhad:** 30% 2. **Tenaga Nasional Berhad:** 20% 3. **Shell Malaysia:** 10% 4. **ExxonMobil Malaysia:** 8% 5. **BP Malaysia:** 7% Gas Malaysia Berhad holds a significant m...

Is Gas Malaysia Berhad stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Net Income Growth:** 7.2% (2025) **Dividend Yield:** 4.5% (2025) Gas Malaysia Berhad recorded a revenue growth of 8.5% in 2025, attributed to stable demand for natural gas and effective pricing strategies. The company also managed to increase its net income by 7.2%...

Does Gas Malaysia Berhad pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (estimated for 2026) **Dividend History:** Consistent payout over the last 5 years Gas Malaysia Berhad has regularly distributed dividends in recent years, indicating a reliable dividend policy. The dividend yield of approximately 4.5% for 2026 is a realistic estimate b...

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Gas Malaysia Berhad Stock Value

Gas Malaysia Berhad Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Gas Malaysia Berhad do?

Gas Malaysia Berhad Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Gas Malaysia Berhad Stock Value

Gas Malaysia Berhad Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Gas Malaysia Berhad do?

Gas Malaysia Berhad Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.