RHB IB Predicts Reduced Petronas Dividend In 2025 Amid Falling Oil Prices

KUALA LUMPUR, Sept 25 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has estimated that the dividend payout from Petroliam Nasional Bhd (Petronas) will be lower than RM32 billion in 2025, attributed to a weaker performance in 2024 amid declining oil prices.

The investment bank said that gaining insight into Petronas' dividend expectations for 2025 is crucial, particularly as discussions continue between Petroleum Sarawak (Petros) and Petronas. 

RHB IB also indicated that the government is likely to prioritise green energy initiatives to support the National Energy Transition Roadmap. 

“In line with this, we would not be surprised to see an allocation for renewable energy development and, perhaps, grid infrastructure upgrades to facilitate initiatives like the Corporate Renewable Energy Supply Scheme,” it said in a research note today.

One notable measure that may feature in Budget 2025 is the continuation or expansion of cash rebates under the Net Energy Metering programme, which could further drive solar adoption, particularly among homeowners, according to RHB IB.

The bank suggested that additional support for residential solar power, especially for the B40 group, through low-interest loans and subsidies, could promote broader adoption.

Meanwhile, the government is still assessing the impact of diesel subsidy rationalisation. 

“We believe there is a possibility that the implementation of the RON95 subsidy removal may not be highlighted in the upcoming budget.

“On the other hand, should more details regarding the Johor-Singapore Special Economic Zone be announced, we believe Pengerang—a targeted petrochemical hub—will benefit as well,” RHB IB added.

-- BERNAMA