南洋行家论股
国油气体 新TPA收费存隐忧
目标价：18.90令吉最新进展
国油气体（PETGAS，6033，主板公用事业股）2018财年第三季财报汇报会指出最新“第三方准入”（TPA）收费或将在这月公布。
另外，边佳兰（Pengerang）液化天然气再气化终站（RGT）实质资本开销更低，或配合最新TPA收费出炉，将在近期调整收费。
行家建议
虽然最新TPA收费目只有初步架构，管理层暗示，计算方法或将从成本重置折旧（DRC）转换成净账面价值，但仍乐观看待公司的资产回酬表现将胜过国家能源（TENAGA，5347，主板公用事业股）与大马天然气（GASMSIA，5209，主板公用事业股）。
无论如何，我们担心最新TPA收费或将调低，也意味着国油气体的营收将减少，是个重大危机。
因成本重置折旧等同3倍净账面价值，恐将造成国油气体受监管资产大幅萎缩。
基于最新TPA收费仍有许多不确定因素，我们将投资评级从“守住”下修至“卖出”，目标价维持。
http://www.enanyang.my/news/20181206/国油气体br-新tpa收费存隐忧/
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on 南洋行家论股
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
BFM Podcast
3
BFM Podcast
4
6
Koon Yew Yin's Blog
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
