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Expects stronger 4Q21 gas sales volume

■ 9M21 core earnings rose 22% yoy supported by stronger gross margin, higher gas sales volume and revenue cap adjustment recognition.
■ 3Q21 core net profit increased 11% yoy despite an 11.2% yoy decline in gas sales volume, supported by recognition of revenue cap adjustment.
■ Reiterate Add with a revised TP of RM2.99, dividend yields decent at >5%.

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