Highlights
KLSE: PETGAS (6033)       PETRONAS GAS BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
17.08   +0.26 (1.55%)  16.84 - 17.10  793,800
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Overview

Market Cap: 33,797 Million
NOSH: 1,979 Million
Avg Volume (4 weeks):392,527
4 Weeks Range:16.78 - 17.60
4 Weeks Price Volatility (%):
36.59%
52 Weeks Range:15.92 - 17.80
52 Weeks Price Volatility (%):
61.70%
Average Price Target: 19.02
Price Target Upside/Downside: +1.94

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2022 [#3]  |  14-Nov-2022
Next QR | Est. Ann. Date: 31-Dec-2022  |  22-Feb-2023
T4Q P/E | EY: 20.05  |  4.99%
T4Q DY | Payout %: 4.80%  |  96.26%
T4Q NAPS | P/NAPS: 6.6281  |  2.58
T4Q NP Margin | ROE: 29.63%  |  12.85%

Headlines

Date Subject
02-Feb-2023 Strategy - Trailing the region as valuation gap widens
31-Jan-2023 PetGas: Lower Tariffs to be Mitigated by Tariff C, Revenue Adjustments
30-Jan-2023 【行家论股】国油气体 设施费降赚幅更高
30-Jan-2023 MQ Market Updates - 30 January 2023
30-Jan-2023 Petronas Gas - IGC and forex cost pass-through to cushion lower tariff impact
30-Jan-2023 Petronas Gas - Business As Usual Under RP2
18-Jan-2023 上升股:国油气体 阻力RM17.70
04-Jan-2023 Utilities - Power Play in 2023
03-Jan-2023 Petronas Gas - Lower Tariffs in RP2; Still NEUTRAL
27-Dec-2022 【行家论股】国油气体 2年财测下调
27-Dec-2022 Petronas Gas - Minimum impact from lower gas transportation and regasification tariffs
14-Dec-2022 Strategy - Economic and currency resiliency in 2023 outlook
09-Dec-2022 Oil & Gas - Resilient 3QCY22 earnings despite softer oil prices
07-Dec-2022 Utilities - Earnings Resilience Backed by Regulated Assets
02-Dec-2022 Strategy - Slightly lowered 2023 FBMKLCI earnings growth
01-Dec-2022 Oil & Gas - Higher capex with stronger Petronas earnings
16-Nov-2022 MQ Market Updates - 16 November 2022
16-Nov-2022 Petronas Gas - Delayed FID for third LNG storage tank in Pengerang
16-Nov-2022 Petronas Gas - Higher Gas Cost; Pending RP2 Review
15-Nov-2022 【行家论股】国油气体 业绩逊色财测下调

Business Background

Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company of which Malaysia’s nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company’s total revenue, its Gas Processing and Gas Transportation units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.
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  2 people like this.
 
unicornbird this kind of sure profit company, why the government want to list it?
25/03/2022 4:28 PM
unicornbird the price keep dropping any idea what happen?
30/03/2022 5:38 PM
curiousmonke Anyone know how to claim the AGM door gift?
30/04/2022 6:24 PM
petronasgloves More discount. buy more
19/05/2022 11:53 AM
petronasgloves Best time to picking up
19/05/2022 11:53 AM
unicornbird observatory what do you think of the recent quarter?
20/05/2022 8:50 AM
observatory Higher tax due to Cukai Makmur has been expected.

But the impact of higher fuel gas costs is unexpected. Among PGB four businesses, only Utilities have non pass-through input gas cost. Utilities gross profit has reduced substantially by over 70% YoY, from RM75m to RM22m.

Gross profits have also declined across three other businesses. But according to Hong Leong analyst, "PGB will be able to recoup back the higher fuel cast costs for its Transportation and Regasification segments in subsequent period"

Looking further ahead, need to watch out whether earnings will be reduced under RP2 (Regulatory Period 2) which runs from 2023 to 2025.
20/05/2022 11:57 PM
unicornbird Thanks obs. Do you think Petgas can raise utilities price, to cover higher gas cost?
21/05/2022 11:28 AM
observatory I'm not sure. According to Hong Leong, "tariff pricing is matched to Tenaga’s pricing (reviewed half yearly)"

21/05/2022 5:57 PM
kpowersohai this stock ah if u see carefully the revenue kept increasing over and over the years but the share price kept dropping and dropping, so can u see the disconnection between the share price and the fundamental??
24/05/2022 11:14 PM
unicornbird isn't that good? higher revenue, and lower share price
29/05/2022 4:50 PM
petronasgloves Discount and buy
30/05/2022 3:51 PM
LouiseS PETRONAS GAS,值得投资吗?
PETRONAS GAS BERHAD 2021 年度财报分析
https://youtu.be/uE9-ndB93Fo
31/05/2022 2:34 PM
bullmarket1628 Post removed. Why?
31/05/2022 11:26 PM
petronasgloves 6033 worth the value
02/06/2022 2:35 PM
Icon 888 Wow Oil pass 120
07/06/2022 9:43 AM
subwayzzz yummy
07/06/2022 4:18 PM
petronasgloves heng ong huat
09/06/2022 2:18 PM
bullmarket1628 Petronas ups annual capex to RM60 bil, makes first allocation for clean energy
SyafiqahSalim/theedgemarkets.com
June 09, 2022 16:20 pm +08

https://www.theedgemarkets.com/article/petronas-plans-rm60b-capex-2022-says-group-cfo

KUALA LUMPUR (June 9): Petroliam Nasional Bhd (Petronas) is allocating about RM60 billion for capital expenditure (capex) in financial year ending Dec 31, 2022 (FY22) compared with RM30.5 billion a year earlier as the Malaysian national oil company prepares for the resumption of business activities, which were earlier disrupted by Covid-19-driven movement restrictions, and as the group sets aside money for clean energy or non-hydrocarbon-related ventures.
"This year, we expect to almost double that [capex] amount which is RM60 billion, because of catch-up and the return of [business] activities. This is also the time we have to make inroads in some material steps into the non-hydrocarbon side of things," Petronas chief financial officer Liza Mustapha said on Thursday (June 9) at the MIDF Conversations event, which was held virtually.
MIDF group managing director Datuk Charon Mokhzani was the moderator for the event.
Liza said that out of Petronas' planned RM60 billion capex allocation for FY22, about RM40 billion has been earmarked for the oil and gas business besides non-hydrocarbon–related operations while the balance of the capex allocation has been earmarked to finance Petronas Chemicals Group Bhd's (PetChem) wholly-owned subsidiary Petronas Chemicals International B.V. (PCIBV) proposed acquisition of the entire stake in Sweden-based specialty chemicals group Perstorp Holding AB for €1.54 billion (about RM7.02 billion) from Financiere Foret S.A.R.L.
Petronas owns a 64.35% stake in PetChem, according to PetChem's latest annual report.
Looking ahead, Liza said non-hydrocarbon-related income is expected to account for about 30% of Petronas' revenue.
"[About] 30% of our revenue should be coming from something which is not related to hydrocarbons.
"We have to factor in [business] growth, otherwise, we will not be able to manage the energy transition and we will miss our target of achieving [net] zero [carbon] emissions by 2050," she said.
According to her, about 10% of Petronas' RM60 billion capex allocation for FY22 will be earmarked for non-traditional businesses such as specialty chemicals and solar energy.
"Previously, I think there was never a plan on what rate it should be [for the clean energy segment] because there was no allocation from the top. So, it didn't really take off.
"So, we need to rethink our decision on the capital allocation [for the clean energy segment] and put it aside, because if we leave it at that and let them go with the flow, we are going to be a year behind the target again," she said.
Petronas' financials improved in 1QFY22. In a statement on May 31, 2022, Petronas said profit after tax rose to RM23.44 billion in 1QFY22 from RM9.22 billion a year earlier while revenue climbed to RM78.75 billion from RM52.55 billion.
"Despite favourable [first quarter] performance, the high oil and gas prices are expected to remain vulnerable with increased volatility due to geopolitical and macro-economic uncertainties.
"Petronas will continue to strengthen our operational excellence to maximise value creation whilst intensifying our growth and sustainability agenda in Malaysia and internationally,” the company said.

Edited By: Chong Jin Hun
10/06/2022 7:16 AM
investor2021trading a gud stock to consider! just wait for better price!
10/06/2022 7:42 AM
petronasgloves yup, keep while low
10/06/2022 12:00 PM
James Ng [转贴] [Video:浅谈PETRONAS GAS BERHAD, PETGAS, 6033] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2022-06-18-story-h1625062146
18/06/2022 7:18 AM
petronasgloves Oil price going to second wave soon ?
12/07/2022 11:41 AM
ironstockhunter Hahaha, 2nd wave in your dream maybe
12/07/2022 5:38 PM
NatsukoMishima Seizure assets of petronas , what happened ?
13/07/2022 12:56 PM
kyliew Breaking News!!!!!
US enters technical recession as economy shrank 0.9% in Q2
28/07/2022 10:09 PM
investor2021trading why vy few investors interested?
29/07/2022 10:58 AM
investor2021trading price should LU n gauged demand when regasification facility (converting liquefied natural gas to natural gas) in Melaka commenced after September '22.

RGTSU (Regasification Terminal Sungai Udang) is known as the world's first-of-its-kind regasification unit on an island jetty, according to PetGas.














29/07/2022 11:15 AM
bullmarket1628 Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Petgas's price will break above RM25.00

Heng ah, Ong ah, Huat ah !
26/09/2022 5:43 PM
bullmarket1628 Post removed. Why?
28/09/2022 7:05 AM
bullmarket1628 Post removed. Why?
04/10/2022 8:11 AM
bullmarket1628 Post removed. Why?
05/10/2022 7:19 AM
bullmarket1628 Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.
05/10/2022 7:38 AM
bullmarket1628 Post removed. Why?
06/10/2022 7:21 AM
bullmarket1628 White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”
06/10/2022 7:44 AM
bullmarket1628 Post removed. Why?
07/10/2022 7:17 AM
bullmarket1628 Post removed. Why?
08/10/2022 7:45 AM
SengGor1011 Trading volume was RM1.62 billion shares exchanging hands for RM762.34mil.

Blue-chips erased earlier gains with Public Bank adding two sen to RM4.34, CIMB easing two sen to RM5.35 and Hong Leong Bank unchanged at RM20.60.


PETRONAS Chemicals fell one sen to RM8.50 and PETRONAS Gas dropped 12 sen to RM16.98.
08/11/2022 12:05 PM
TehBeng Petronas Gas Bhd’s (PetGas) defensive earnings capabilities remain an attractive investment theme with analysts, while the opportunity to supply gas to new clients offer growth moving into 2023.
16/11/2022 1:58 PM
TehBeng The company’s gas processing business’ earnings will largely sustain into quarters ahead protected by existing long-term contracts with PETRONAS while the gas transportation and regasification segments long term prospects are protected under the regulated asset base structure.

HLIB Research, however warned PetGas’ short term earnings remain affected by higher internal gas consumption and increasing fuel price before possibly recovering in the subsequent review period for RP2 (2023-2025).

The research house maintained its “hold” call on the counter with a TP of RM17.85.

“While we expect PetGas to continue maintaining its dividend payout given its high current net cash position of 89 sen per share, we expect earnings to remain affected by the increasing fuel costs in the near term, on top of the Prosperity Tax impact for the year as well as uncertainty on new tariff structure under RP2 2023-2025,” it said.
16/11/2022 1:58 PM
fooming Petroliam Nasional Bhd (Petronas), Eni SpA and Euglena Co Ltd are jointly studying the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC).
15/12/2022 12:26 PM
fooming The biorefinery will be able to leverage the company’s integrated value chain as well as existing utilities and facilities in PIC
15/12/2022 12:28 PM
fooming The biorefinery is also expected to have the capability to process about 650,000 tonnes per year of raw materials to produce up to 12,500 barrels per day of biofuels.
15/12/2022 12:29 PM
fooming The biorefinery is expected to have a flexible configuration to maximise the production of sustainable aviation fuel for aircraft as well as hydrogenated vegetable oil for on-road vehicles, diesel-powered trains, and marine transportation
20/12/2022 11:31 AM
fooming The raw materials to be used will not compete with those in the food chain such as used vegetable oils, animal fats, waste from the processing of vegetable oils, and other biomass including microalgae oils to be explored in the mid term
20/12/2022 11:32 AM
Isaac7 PUTRAJAYA (Dec 23): The government has decided to reduce tariff for gas facility charges for the regasification terminal owned by Pengerang LNG (Two) Sdn Bhd and gas distribution pipeline owned by Petronas Gas Bhd between Jan 1, 2023 and Dec 31, 2023, the first year under the Second Regulatory Period (RP2).
24/12/2022 9:33 AM
jianwei90 is this reduction in tariff good or bad for petgas? Thanks :)
24/12/2022 10:02 PM
Isaac7 Should be bad as RR mentioned that industries and users will save millions from this reduction.
25/12/2022 3:23 PM
AxeCap RP2 should be good for Petronas, however if you take forex impact and gas price into consideration, it's not really lucrative to invest in Petgas right now. For a risk-averse investor however, Petgas should be a good defensive stocks as dividend yield is still high, though lower than its peers. Special dividend might come up in March, as they are increasing its gearing level.
10/01/2023 10:40 AM
unicornbird Anyone knows how much is the reduction?
If reduce 3%, but volume is up 10%, Petgas still earn more
18/01/2023 8:41 PM


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