Petronas net cash seen intact as leverage improves, analysts say
CreditSights analysts Nicole Chua and Lakshmanan R say Petronas could maintain net cash this year and improve gross leverage, citing higher oil prices and stronger upstream realizations. Revenue and EBITDA are expected to rise by mid-teen percentages.
Petronas could maintain its net cash position this year and improve gross leverage, supported by higher oil prices and stronger upstream realizations, CreditSights analysts Nicole Chua and Lakshmanan R say in a note.
Revenue and Ebitda are expected to rise by mid-teen percentages, while free cash f…