Perusahaan Gas traded at 1,495.00 this Friday August 14th, increasing 20.00 or 1.36 percent since the previous trading session. Looking back, over the last four weeks, Perusahaan Gas gained 0.34 percent. Over the last 12 months, its price fell by 9.67 percent. Looking ahead, we forecast Perusahaan Gas to be priced at 1,432.66 by the end of this quarter and at 1,260.80 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Perusahaan Gas Negara Tbk, formerly known as PT Perusahaan Gas Negara (Persero) Tbk is an Indonesia-based company primarily engaged in the transportation and trading of natural gas. It classifies its business into four segments: Transmission/Transportation, Distribution/Commerce, Oil and Gas and Other. Its Transmission/Transportation segment transports natural gas owned by shipper to the delivery point through high-pressure transmission pipelines. The Company's Distribution/Commerce segment distributes natural gas to commercial, industrial and household users. Its Oil and Gas segment consists of activities and investments in oil and gas upstream sector. The Company is also engaged in telecommunication services, construction and maintenance of pipeline networks, building management and financial lease.