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PETRONAS Dagangan Berhad is showing a steady short-term trend, with prices moving within a narrow range. While there is no strong momentum yet, positive developments in the oil sector or market sentiment could trigger an upward move. Caution is advised, as a lack of clear direction suggests it's best to monitor closely before making any decisions.
Petronas Dagangan Berhad (PETDAG) shows stable earnings and strong dividends, but faces short-term pressure from weak momentum and potential fuel subsidy reforms. The stock appears overvalued, with limited upside (target ~RM 22.25) and possible downside to around RM 20.00. Analysts are mixed, and technical signals lean bearish in the near term.
PETRONAS Dagangan trades around RM21.56 with bullish signals. Short-term range is RM20.60–22.00. Strong earnings support price, but subsidy risks may limit gains.
