Highlights
KLSE: PETGAS (6033)       PETRONAS GAS BHD MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
17.98   +0.04 (0.22%)  17.94 - 18.02  1,113,600
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Financials


Market Cap: 35,578 Million

Market Cap 35,578 Million
NOSH 1,979 Million

Latest Audited Result:  31-Dec-2023

Latest Audited Result: 31-Dec-2023
Announcement Date 22-Mar-2024
Next Audited Result: 31-Dec-2024
Est. Ann. Date: 22-Mar-2025
Est. Ann. Due Date: 29-Jun-2025

Latest Quarter:  31-Dec-2023 [#4]

Latest Quarter: 31-Dec-2023 [#4]
Announcement Date 27-Feb-2024
Next Quarter: 31-Mar-2024
Est. Ann. Date: 22-May-2024
Est. Ann. Due Date: 30-May-2024
QoQ | YoY   -5.74%  |    7.04%

Annual (Unaudited) ( EPS: 91.96, P/E: 19.55 )

Revenue | NP to SH 6,445,423  |  1,819,600
RPS | P/RPS 325.74 Cent  |  5.52
EPS | P/E | EY 91.96 Cent  |  19.55  |  5.11%
DPS | DY | Payout % 72.00 Cent  |  4.00%  |  78.30%
NAPS | P/NAPS 6.85  |  2.62
YoY   10.58%
NP Margin | ROE 29.49%  |  13.42%
F.Y. | Ann. Date 31-Dec-2023  |  27-Feb-2024

T4Q Result ( EPS: 91.96, P/E: 19.55 )

Revenue | NP to SH 6,445,423  |  1,819,600
RPS | P/RPS 325.74 Cent  |  5.52
EPS | P/E | EY 91.96 Cent  |  19.55  |  5.11%
DPS | DY | Payout % 72.00 Cent  |  4.00%  |  78.30%
NAPS | P/NAPS 6.85  |  2.62
QoQ | YoY   1.62%  |    10.58%
NP Margin | ROE 29.49%  |  13.42%
F.Y. | Ann. Date 31-Dec-2023  |  27-Feb-2024

Annualized Result ( EPS: 91.96, P/E: 19.55 )

Revenue | NP to SH 6,445,423  |  1,819,600
RPS | P/RPS 325.74 Cent  |  5.52
EPS | P/E | EY 91.96 Cent  |  19.55  |  5.11%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -0.97%  |    10.58%
NP Margin | ROE 29.49%  |  13.42%
F.Y. | Ann. Date 31-Dec-2023  |  27-Feb-2024


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2023 27-Feb-2024 31-Dec-2023 4 1,582,836 608,477 465,614 441,591 435,321 13,555,105 98.58% 29.42% 3.26% 1,978,732 79.99 79.99 22.32 22.32 22.00 22.00 6.8504 6.85   -5.74%   7.04% 29-Dec-2023 17.40 21.75 77.97 2.54 1.28% 1.26% 27-Feb-2024 18.06 22.58 80.93 2.64 1.24% 1.22%
31-Dec-2023 20-Nov-2023 30-Sep-2023 3 1,550,274 594,484 491,161 468,459 356,171 13,477,736 76.03% 31.68% 3.48% 1,978,732 78.35 78.35 23.67 23.67 18.00 18.00 6.8113 6.81   -3.48%   10.01% 29-Sep-2023 16.84 21.49 71.13 2.47 1.41% 1.07% 17.18 21.93 72.57 2.52 1.38% 1.05%
31-Dec-2023 25-Aug-2023 30-Jun-2023 2 1,637,368 626,117 495,971 485,373 316,597 13,325,177 65.23% 30.29% 3.64% 1,978,732 82.75 82.75 24.53 24.53 16.00 16.00 6.7342 6.73   14.43%   22.41% 30-Jun-2023 16.70 20.18 68.08 2.48 1.47% 0.96% 17.06 20.62 69.55 2.53 1.44% 0.94%
31-Dec-2023 22-May-2023 31-Mar-2023 1 1,674,945 556,937 448,293 424,177 316,597 13,143,925 74.64% 26.76% 3.23% 1,978,732 84.65 84.65 21.44 21.44 16.00 16.00 6.6426 6.64   2.82%   3.31% 31-Mar-2023 16.48 19.47 76.88 2.48 1.30% 0.97% 22-May-2023 16.94 20.01 79.02 2.55 1.27% 0.94%
31-Dec-2022 16-Feb-2023 31-Dec-2022 4 1,632,871 527,463 462,103 412,546 435,321 13,148,080 105.52% 28.30% 3.14% 1,978,732 82.52 82.52 20.85 20.85 22.00 22.00 6.6447 6.64   -3.12%   -8.86% 30-Dec-2022 17.12 20.75 82.11 2.58 1.22% 1.29% 16-Feb-2023 17.50 21.21 83.94 2.63 1.19% 1.26%
31-Dec-2022 14-Nov-2022 30-Sep-2022 3 1,564,801 595,266 443,293 425,818 356,171 13,115,233 83.64% 28.33% 3.25% 1,978,732 79.08 79.08 21.52 21.52 18.00 18.00 6.6281 6.63   7.39%   -26.69% 30-Sep-2022 16.50 20.86 76.67 2.49 1.30% 1.09% 16.94 21.42 78.72 2.56 1.27% 1.06%
31-Dec-2022 26-Aug-2022 30-Jun-2022 2 1,504,599 558,335 415,498 396,503 316,597 12,980,679 79.85% 27.62% 3.05% 1,978,732 76.04 76.04 20.04 20.04 16.00 16.00 6.5601 6.56   -3.43%   -9.69% 30-Jun-2022 16.44 21.62 82.04 2.51 1.22% 0.97% 26-Aug-2022 17.52 23.04 87.43 2.67 1.14% 0.91%
31-Dec-2022 19-May-2022 31-Mar-2022 1 1,457,905 588,304 437,574 410,579 316,597 12,879,566 77.11% 30.01% 3.19% 1,978,732 73.68 73.68 20.75 20.75 16.00 16.00 6.5090 6.51   -9.29%   -20.49% 31-Mar-2022 16.66 22.61 80.29 2.56 1.25% 0.96% 17.36 23.56 83.66 2.67 1.20% 0.92%
31-Dec-2021 22-Feb-2022 31-Dec-2021 4 1,496,881 624,236 488,490 452,631 633,194 13,098,612 139.89% 32.63% 3.46% 1,978,732 75.65 75.65 22.87 22.87 32.00 32.00 6.6197 6.62   -22.07%   -10.08% 31-Dec-2021 18.00 23.79 78.69 2.72 1.27% 1.78% 22-Feb-2022 17.10 22.60 74.75 2.58 1.34% 1.87%
31-Dec-2021 22-Nov-2021 30-Sep-2021 3 1,427,793 770,065 619,012 580,841 356,171 13,022,034 61.32% 43.35% 4.46% 1,978,732 72.16 72.16 29.35 29.35 18.00 18.00 6.5810 6.58   32.29%   -1.72% 30-Sep-2021 16.82 23.31 57.30 2.56 1.75% 1.07% 22-Nov-2021 16.40 22.73 55.87 2.49 1.79% 1.10%
31-Dec-2021 23-Aug-2021 30-Jun-2021 2 1,383,918 576,871 463,897 439,069 316,597 12,746,793 72.11% 33.52% 3.44% 1,978,732 69.94 69.94 22.19 22.19 16.00 16.00 6.4419 6.44   -14.97%   -19.75% 30-Jun-2021 15.50 22.16 69.85 2.41 1.43% 1.03% 23-Aug-2021 15.96 22.82 71.93 2.48 1.39% 1.00%
31-Dec-2021 25-May-2021 31-Mar-2021 1 1,340,010 670,500 540,005 516,399 316,597 12,629,059 61.31% 40.30% 4.09% 1,978,732 67.72 67.72 26.10 26.10 16.00 16.00 6.3824 6.38   2.59%   40.28% 31-Mar-2021 16.00 23.63 61.31 2.51 1.63% 1.00% 25-May-2021 15.94 23.54 61.08 2.50 1.64% 1.00%
31-Dec-2020 22-Feb-2021 31-Dec-2020 4 1,388,740 641,212 521,031 503,352 534,257 12,634,797 106.14% 37.52% 3.98% 1,978,732 70.18 70.18 25.44 25.44 27.00 27.00 6.3853 6.39   -14.83%   3.73% 31-Dec-2020 17.18 24.48 67.54 2.69 1.48% 1.57% 22-Feb-2021 16.08 22.91 63.21 2.52 1.58% 1.68%
31-Dec-2020 19-Nov-2020 30-Sep-2020 3 1,407,423 808,107 639,516 591,013 356,171 12,485,996 60.26% 45.44% 4.73% 1,978,732 71.13 71.13 29.87 29.87 18.00 18.00 6.3101 6.31   8.03%   36.94% 30-Sep-2020 16.42 23.09 54.97 2.60 1.82% 1.10% 19-Nov-2020 16.32 22.94 54.64 2.59 1.83% 1.10%
31-Dec-2020 19-Aug-2020 30-Jun-2020 2 1,399,818 711,923 573,715 547,097 1,305,963 13,209,618 238.71% 40.98% 4.14% 1,978,732 70.74 70.74 27.65 27.65 66.00 66.00 6.6758 6.68   48.62%   8.79% 30-Jun-2020 16.88 23.86 61.05 2.53 1.64% 3.91% 19-Aug-2020 16.38 23.15 59.24 2.45 1.69% 4.03%
31-Dec-2020 20-May-2020 31-Mar-2020 1 1,396,136 448,958 348,019 368,123 316,597 12,982,658 86.00% 24.93% 2.84% 1,978,732 70.56 70.56 18.60 18.60 16.00 16.00 6.5611 6.56   -24.14%   -28.58% 31-Mar-2020 15.40 21.83 82.78 2.35 1.21% 1.04% 20-May-2020 14.92 21.15 80.20 2.27 1.25% 1.07%
31-Dec-2019 18-Feb-2020 31-Dec-2019 4 1,372,379 588,271 492,933 485,273 633,194 13,245,434 130.48% 35.92% 3.66% 1,978,732 69.36 69.36 24.52 24.52 32.00 32.00 6.6939 6.69   12.44%   52.65% 31-Dec-2019 16.62 23.96 67.77 2.48 1.48% 1.93% 18-Feb-2020 16.22 23.39 66.14 2.42 1.51% 1.97%
31-Dec-2019 19-Nov-2019 30-Sep-2019 3 1,338,061 553,293 445,511 431,589 356,171 13,286,394 82.53% 33.30% 3.25% 1,978,732 67.62 67.62 21.81 21.81 18.00 18.00 6.7146 6.71   -14.18%   -13.65% 30-Sep-2019 16.38 24.22 75.10 2.44 1.33% 1.10% 19-Nov-2019 16.70 24.70 76.57 2.49 1.31% 1.08%
31-Dec-2019 27-Aug-2019 30-Jun-2019 2 1,380,220 651,289 514,833 502,897 316,597 13,166,680 62.95% 37.30% 3.82% 1,978,732 69.75 69.75 25.42 25.42 16.00 16.00 6.6541 6.65   -2.44%   -1.26% 28-Jun-2019 17.36 24.89 68.31 2.61 1.46% 0.92% 27-Aug-2019 15.02 21.53 59.10 2.26 1.69% 1.07%
31-Dec-2019 28-May-2019 31-Mar-2019 1 1,367,590 670,031 530,774 515,461 316,597 12,988,000 61.42% 38.81% 3.97% 1,978,732 69.11 69.11 26.05 26.05 16.00 16.00 6.5638 6.56   62.14%   6.67% 29-Mar-2019 17.62 25.49 67.64 2.68 1.48% 0.91% 28-May-2019 16.34 23.64 62.73 2.49 1.59% 0.98%
31-Dec-2018 18-Feb-2019 31-Dec-2018 4 1,387,209 447,326 342,398 317,904 435,321 12,971,775 136.93% 24.68% 2.45% 1,978,732 70.11 70.11 16.07 16.07 22.00 22.00 6.5556 6.56   -36.39%   -34.68% 31-Dec-2018 19.20 27.39 119.51 2.93 0.84% 1.15% 18-Feb-2019 18.12 25.85 112.78 2.76 0.89% 1.21%
31-Dec-2018 30-Nov-2018 30-Sep-2018 3 1,401,839 634,750 523,358 499,808 356,171 13,023,420 71.26% 37.33% 3.84% 1,978,732 70.85 70.85 25.26 25.26 18.00 18.00 6.5817 6.58   -1.87%   19.74% 28-Sep-2018 18.90 26.68 74.82 2.87 1.34% 0.95% 30-Nov-2018 18.94 26.73 74.98 2.88 1.33% 0.95%
31-Dec-2018 15-Aug-2018 30-Jun-2018 2 1,358,260 632,837 537,075 509,325 316,597 12,839,398 62.16% 39.54% 3.97% 1,978,732 68.64 68.64 25.74 25.74 16.00 16.00 6.4887 6.49   5.40%   19.75% 29-Jun-2018 17.30 25.20 67.21 2.67 1.49% 0.92% 15-Aug-2018 18.66 27.18 72.49 2.88 1.38% 0.86%
31-Dec-2018 17-May-2018 31-Mar-2018 1 1,350,766 636,985 505,352 483,224 316,597 12,650,429 65.52% 37.41% 3.82% 1,978,732 68.26 68.26 24.42 24.42 16.00 16.00 6.3932 6.39   -0.71%   4.32% 30-Mar-2018 17.84 26.13 73.05 2.79 1.37% 0.90% 17-May-2018 17.84 26.13 73.05 2.79 1.37% 0.90%
31-Dec-2017 26-Feb-2018 31-Dec-2017 4 1,303,755 605,893 510,442 486,696 375,959 12,515,084 77.25% 39.15% 3.89% 1,978,732 65.89 65.89 24.60 24.60 19.00 19.00 6.3248 6.32   16.59%   4.65% 29-Dec-2017 17.48 26.53 71.07 2.76 1.41% 1.09% 26-Feb-2018 17.66 26.80 71.80 2.79 1.39% 1.08%
31-Dec-2017 10-Nov-2017 30-Sep-2017 3 1,163,208 532,642 417,400 417,427 316,597 12,319,783 75.84% 35.88% 3.39% 1,978,732 58.79 58.79 21.10 21.10 16.00 16.00 6.2261 6.23   -1.86%   -1.25% 29-Sep-2017 17.90 30.45 84.85 2.87 1.18% 0.89% 10-Nov-2017 17.80 30.28 84.38 2.86 1.19% 0.90%
31-Dec-2017 15-Aug-2017 30-Jun-2017 2 1,173,512 537,131 425,930 425,325 316,597 12,205,610 74.44% 36.30% 3.48% 1,978,732 59.31 59.31 21.49 21.49 16.00 16.00 6.1684 6.17   -8.18%   5.34% 30-Jun-2017 18.54 31.26 86.25 3.01 1.16% 0.86% 15-Aug-2017 18.82 31.73 87.56 3.05 1.14% 0.85%
31-Dec-2017 15-May-2017 31-Mar-2017 1 1,169,148 577,047 463,161 463,235 296,809 12,060,965 64.07% 39.62% 3.84% 1,978,732 59.09 59.09 23.41 23.41 15.00 15.00 6.0953 6.10   -0.39%   3.59% 31-Mar-2017 19.76 33.44 84.41 3.24 1.18% 0.76% 15-May-2017 18.58 31.45 79.37 3.05 1.26% 0.81%
31-Dec-2016 23-Feb-2017 31-Dec-2016 4 1,153,943 483,787 463,265 465,061 375,959 11,966,777 80.84% 40.15% 3.89% 1,978,732 58.32 58.32 23.50 23.50 19.00 19.00 6.0477 6.05   10.02%   12.20% 30-Dec-2016 21.30 36.52 90.63 3.52 1.10% 0.89% 23-Feb-2017 20.58 35.29 87.56 3.40 1.14% 0.92%
31-Dec-2016 02-Nov-2016 30-Sep-2016 3 1,157,800 546,296 422,118 422,710 296,809 11,843,502 70.22% 36.46% 3.57% 1,978,732 58.51 58.51 21.36 21.36 15.00 15.00 5.9854 5.99   4.69%   38.60% 30-Sep-2016 21.84 37.33 102.23 3.65 0.98% 0.69% 02-Nov-2016 22.08 37.74 103.36 3.69 0.97% 0.68%
31-Dec-2016 09-Aug-2016 30-Jun-2016 2 1,118,942 497,763 403,440 403,754 277,022 11,715,280 68.61% 36.06% 3.45% 1,978,732 56.55 56.55 20.40 20.40 14.00 14.00 5.9206 5.92   -9.71%   -50.64% 30-Jun-2016 22.00 38.90 107.82 3.72 0.93% 0.64% 09-Aug-2016 22.16 39.19 108.60 3.74 0.92% 0.63%
31-Dec-2016 09-May-2016 31-Mar-2016 1 1,130,593 578,718 447,272 447,168 277,022 11,600,316 61.95% 39.56% 3.85% 1,978,732 57.14 57.14 22.60 22.60 14.00 14.00 5.8625 5.86   7.88%   -0.62% 31-Mar-2016 22.00 38.50 97.35 3.75 1.03% 0.64% 09-May-2016 20.90 36.58 92.48 3.57 1.08% 0.67%
31-Dec-2015 24-Feb-2016 31-Dec-2015 4 1,136,722 488,223 410,941 414,495 336,384 11,438,851 81.16% 36.15% 3.62% 1,978,732 57.45 57.45 20.95 20.95 17.00 17.00 5.7809 5.78   35.91%   -27.45% 31-Dec-2015 22.70 39.51 108.37 3.93 0.92% 0.75% 24-Feb-2016 22.40 38.99 106.93 3.87 0.94% 0.76%
31-Dec-2015 30-Oct-2015 30-Sep-2015 3 1,134,273 415,497 307,192 304,976 296,809 11,342,685 97.32% 27.08% 2.69% 1,978,732 57.32 57.32 15.41 15.41 15.00 15.00 5.7323 5.73   -62.72%   -27.15% 30-Sep-2015 21.96 38.31 142.48 3.83 0.70% 0.68% 30-Oct-2015 22.98 40.09 149.10 4.01 0.67% 0.65%
31-Dec-2015 04-Aug-2015 30-Jun-2015 2 1,083,647 527,099 817,766 818,046 277,022 11,256,808 33.86% 75.46% 7.27% 1,978,732 54.76 54.76 41.34 41.34 14.00 14.00 5.6889 5.69   81.81%   87.94% 30-Jun-2015 21.26 38.82 51.42 3.74 1.94% 0.66% 04-Aug-2015 22.46 41.01 54.33 3.95 1.84% 0.62%
31-Dec-2015 12-May-2015 31-Mar-2015 1 1,101,313 571,291 449,971 449,936 277,022 10,704,346 61.57% 40.86% 4.20% 1,978,732 55.66 55.66 22.74 22.74 14.00 14.00 5.4097 5.41   -21.24%   7.64% 31-Mar-2015 23.02 41.36 101.24 4.26 0.99% 0.61% 12-May-2015 22.20 39.89 97.63 4.10 1.02% 0.63%
31-Dec-2014 17-Feb-2015 31-Dec-2014 4 1,111,604 683,170 570,180 571,286 296,809 10,533,780 51.95% 51.29% 5.42% 1,978,732 56.18 56.18 28.87 28.87 15.00 15.00 5.3235 5.32   36.46%   45.11% 31-Dec-2014 22.16 39.45 76.75 4.16 1.30% 0.68% 17-Feb-2015 22.38 39.84 77.52 4.20 1.29% 0.67%
31-Dec-2014 04-Nov-2014 30-Sep-2014 3 1,123,493 549,161 418,632 418,632 395,746 10,349,758 94.53% 37.26% 4.04% 1,978,732 56.78 56.78 21.16 21.16 20.00 20.00 5.2305 5.23   -3.82%   10.22% 30-Sep-2014 22.92 40.37 108.34 4.38 0.92% 0.87% 04-Nov-2014 21.80 38.39 103.04 4.17 0.97% 0.92%
31-Dec-2014 08-Aug-2014 30-Jun-2014 2 1,102,361 578,920 435,263 435,263 395,746 10,324,825 90.92% 39.48% 4.22% 1,978,732 55.71 55.71 22.00 22.00 20.00 20.00 5.2179 5.22   4.13%   -53.94% 30-Jun-2014 24.50 43.98 111.38 4.70 0.90% 0.82% 08-Aug-2014 21.08 37.84 95.83 4.04 1.04% 0.95%
31-Dec-2014 06-May-2014 31-Mar-2014 1 1,054,258 543,206 418,004 418,004 - 10,683,371 - % 39.65% 3.91% 1,978,732 53.28 53.28 21.12 21.12 0.00 0.00 5.3991 5.40   6.17%   15.97% 31-Mar-2014 23.80 44.67 112.66 4.41 0.89% 0.00% 06-May-2014 23.36 43.84 110.58 4.33 0.90% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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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
tedoptimus 用数据预测 PETGAS2022Dec 的业绩
https://youtu.be/x1CMXAxqTaE
03/02/2023 9:28 PM
unicornbird AxeCap any idea why PetGas want to increase gearing? there's no point for them to take up so much debt
as they are a low capex business
22/02/2023 6:27 PM
saqader Anyone knows what was the IPO price for this counter?
25/02/2023 6:15 AM
observatory Like typical utilities, PetGas business is capital intensive. It's annual capex in recent year is about RM1.2 billion. In the latest quarter, capital commitment is RM5 billion.

In PetGas regulated business (transportation and regassification), Energy Commission calculates the allowed return based on certain assumed weighted average cost of capital (WACC). The figure is not disclosed. But it's probably close to Tenaga's WACC of 7.3% under RP3.

Let's assume cost of debt (CoD) is 5%, and cost of equity (COE) is 9%. Let's further assume PetGas increases net debt to equity ratio to 50%. Its WACC will be (0.5*5% + 1.0*9%) / (0.5 + 1.0) = 7.7%.

With a net debt to equity ratio of 50%, PetGas can still comfortably run its business and earn the same return as today because its operating cash flow is very stable. PetGas can then return its the excess cash (made available through increased borrowings) to shareholders. Shareholders can invest the extra cash elsewhere to earn more return.

But PetGas has chosen to remain in net cash position. It runs its business based entirely on the more expensive shareholder's capital (9% in our example), wherease the EC only allows it to earn returns based on lower rate (about 7+%).

Obviously PetGas management plays it very safe. But it means shareholders earn subpar return.
25/02/2023 6:01 PM
Mohamad Jeffrey Ismail Anyone received the recent dividend already?
21/03/2023 10:43 AM
Isaac7 Why the sudden drop last Friday? Can't seem to find any corporate news about it
27/03/2023 9:21 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Security LastPr PE DY% Divcts ROE ttm-marg
PETGAS (Gas, Water & Multi-utilities) 16.5 19.84 4.4 72 12.51 26.7
30/03/2023 4:48 PM
haziqaz Bagaimana CEO Petronas boleh beri projek RM399 juta kepada syarikat terkait rasuah antarabangsa?
https://thecorporatesecret.com/blog/2023/05/07/bagaimana-ceo-petronas-boleh-beri-projek-rm366-juta-kepada-syarikat-terkait-rasuah-antarabangsa/

08/05/2023 8:36 AM
curiousmonke Anyone heard what the door gift is for this agm?
11/05/2023 12:20 PM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ By definition, this company is a slow grower in Lynch classification of businesses. You get a DY of about 4% and very gradual slow capital appreciation in its share price.
12/05/2023 10:14 PM
Isaac7 A positive Q12023
23/05/2023 10:20 AM
unicornbird obs do you think Petgas is worth keeping? the growth looks very poor compared to Allianz
18/07/2023 7:09 PM
success2628 Post removed. Why?
25/07/2023 4:24 PM
Attaaaaaack Hi all, don't miss purchasing your tickets at GAS MALAYSIA ( 5209 ), QUARTERLY PROFIT & DIVIDEND PAYOUT has just been announced😎........... This week might SURGE HIGH💪
21/08/2023 8:36 PM
haziqaz Petronas bakal dimalukan berbilion ringgit?
https://thecorporate-secrets.com/blog/2023/08/23/petronas-bakal-dimalukan-berbilion-ringgit/
24/08/2023 12:09 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ Latest quarterly results continue to be good. ROE 13%.
A good company in one's portfolio, hardly have to be monitored.
DY is in the 4% range.
Has this stock since its listing on Bursa.
25/08/2023 5:46 PM
Brutus Good set of results. Thank you for the dividend and looking forward to Q4 bumper dividend.
25/08/2023 8:09 PM
maxwin69 Oil price keep climbing, causing inflation all over the world. Luckily for Malaysia we have Petronas pumping lots of oil for us. I have been keeping this stock for more than 10 years. Good dividends. Today brent oil is above $90. Way to go...
11/09/2023 11:02 AM
Mohd ImranRafifi Petronas Gas Bhd's (PetGas) net profit rose 10 per cent to RM468.46 million in the third quarter ended Sept 30, 2023 (3Q23) from RM425.82 million a year ago, on the back of lower tax expenses.

https://www.nst.com.my/business/corporate/2023/11/980387/petronas-gas-net-profit-10pc-lower-tax-expense
03/12/2023 3:58 PM
Mohd ImranRafifi on the way to RM17 again despite EPF disposed 🤗
13/12/2023 5:27 PM
Dehcomic01 The top 3 countries in terms of population are China, India and USA. But when it comes to the stock market performance, the number of people doesn’t count.
From the end of 2010 to 2023, the CAGR for their stock market indices were
• S&P 500 (US) – 10.8 %
• Nifty 50 (India) – 10.2 %
• SSE (China) – 0.4 %
• KLCI (Malaysia) – negative 0.3 %

You can see that the US stock market had one of the better growth rates. The common cited reasons for this are because it has better
• Global market intergration
• Liquidity
• Political Stability and Regulatory Environment
• Market Maturity and Investor Sophistication.
• Financial Infrastructure

Moral of the story? If you are a fundamental investor and you want the market to re-rate your stocks faster, shouldn’t you focus on stock in those countries with better track record of returns.
So why look at Petronas when you have the likes of Shell, ExxonMobil, BP? https://www.youtube.com/watch?v=YrMdgjFHHaU
02/01/2024 9:24 AM
Mohd ImranRafifi Market cap of Petronas is higher than those companies, so worth to keep it for long-term
09/02/2024 11:12 AM
KingKKK UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform
16/02/2024 4:43 PM
Michael Kwok Buy meridian 9-11 cents
Each people rm 10k.if got money buy some more.
27/2/24 1.06am
27/02/2024 1:06 AM
Mohd ImranRafifi Its Q4 result is quite impressive. Overall, its FY2023 surpasses FY2022
27/02/2024 11:33 PM
KingKKK UTILITIES Sector (KingKKK): Investing in Malaysia's Engine Top Performer - YTLPOWR, YTL, RANHILL, PBA, TENAGA, PETGAS, MALAKOF, ENGTEX

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-17-story-h-186391184-UTILITIES_Sector_KingKKK_Investing_in_Malaysia_s_Engine_Top_Performer_Y
17/03/2024 4:03 PM