im looking at PetDag as a better buy than Hengyuan or Petron!
KUALA LUMPUR (April 25): Petronas Dagangan Bhd (PetDag) is working closely with the Ministry of Finance (MoF) on the increase of fuel subsidy bill amid near-record high crude oil prices, according to PetDag’s managing director (MD) and chief executive officer (CEO) Azrul Osman Rani.
Other reasons are: 1. Jet fuel demand yet to reach pre-Covid levels despite improvements in 2021. Asked if PetDag’s commercial division, which sells aviation fuels, has benefited from the recent border reopening, Azrul said the division has seen a significant improvement in its financial year ended Dec 31, 2021 (FY21) but noted that there are many factors that could impact the business such as volume and price movements which the group is monitoring closely.
2. People also ask what is the new partnership between PDB and GreenTech Malaysia? The partnership is an extension from that signed between PDB and GreenTech Malaysia last year to install 66 ChargEV stations. To date, 55 stations have been installed at Petronas stations nationwide. It targets to have 25,000 charging stations nationwide by 2020 to further support the push for EVs. Not only that, GreenTech Malaysia will bring in 100 units of the Tesla Model S by the end of next year, all of which are duty-exempted. In a report by The Sun, Malaysia looks set to achieve the target of 100,000 electric vehicles (EVs) on its roads.
KEY STOCK DATA P/E Ratio (TTM) 40.36(05/18/22) EPS (TTM) RM0.53 Market Cap RM21.36 B (RM 21.52 per share) Shares Outstanding N/A Public Float 225.88 M Yield 3.25%(05/18/22) Latest Dividend RM0.25999999(03/24/22) Ex-Dividend Date 03/09/22
Future earnings for PetDag on EV battery charging.
DC fast chargers installed had begun operating on a pay-per-use basis.
It was also revealed that while not all its dealers have begun implementing such a policy, the entire network would eventually move towards making payment compulsory, with a standardized rate applied.
There are six price segments, listing DC outputs from 30 kW to 180 kW, and rates for public usage.
The rates are: DC 30 kW charger – RM0.60 sen per minute of use DC 50 kW charger – RM1.00/min DC 60 kW charger – RM1.40/min DC 90 kW charger – RM1.80/min DC 120 kW charger – RM2.40/min DC 180 kW charger – RM3.60/min
a) Performance of the current quarter against the corresponding quarter last year Group year increased by RM2,475.9 million following higher sales volume by 20% and increased average selling prices by 24%. Despite the increase of revenue, the Group recorded a lower Profit Before i.e. by RM106.8 million or 37% which was mainly due to higher and lower gross profit from Commercial segment mainly due to higher product costs. 。 。 Commercial Segment Commercial Segment recorded an increase in revenue of RM1,714.3 million or 84%, contributed by higher sales volume by 23% and increase in average selling prices by 49%. LBT of RM43.2 million was recorded as compared to PBT of RM106.4 million in the corresponding quarter last year. This was mainly due to lower gross profit from Jet A1 following higher product costs
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.
@bullmarket, as for me, 1 have 1 lot and they gave me bonus of 1 lot but so far i have never sold any yet. i only reap the dividends at one time it reached RM30, but i still hope for it to go higher, but until today it is what the price is. is your profit more than RM50K? may be you need to tell me when to sell as i always hope for it to go higher.
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 Petdag's price will break above RM30.00
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.
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.”
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....