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Kenanga lowers earnings forecast on Petronas Dagangan

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Petronas Dagangan Bhd could be faced with a potentially weaker quarter in 3Q.

could be faced with a potentially weaker quarter in 3Q after posting weaker-than-expected results in the first half of the year on lower peoduct margin spread and lower sales volume.

"We believe the upcoming 3QFY21 quarter may potentially post sequentially weaker numbers as the imposition of the nationwide 'total lockdown' could affect sales volumes," said Kenanga Research in a note.

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