Top local oil and gas company Petronas is expected to pay a lower dividend of RM32 billion in 2025, boosted by a weaker performance in 2024 amid falling oil prices.
RHB Investment Bank Bhd in its statement said it was important to obtain information on the expected dividend payment of Petronas for 2025, especially when discussions between Petroleum Sarawak (Petros) and Petronas were still ongoing.
The government is also likely to prioritize green energy initiatives to support the National Energy Transition Roadmap (NETR).
He further said that he would not be surprised if there is provision for the development of renewable energy and perhaps also the improvement of the grid infrastructure to facilitate initiatives such as the Corporate Renewable Energy Supply Scheme.
Meanwhile, the government at the same time is still evaluating the impact of diesel subsidy rationalization.
It believes that the possible elimination of the RON95 subsidy may not be highlighted in the upcoming Budget 2025 presentation.
On the other hand, RHB Investment Bank believes the petrochemical hub in Pengerang will benefit from the presentation if more details on the development of the Johor-Singapore Special Economic Zone (JS-SEZ) are announced.
