PETRONAS GAS BHD

KLSE (MYR): PETGAS (6033)

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Last Price

17.84

Today's Change

-0.18 (1.00%)

Day's Change

17.84 - 18.00

Trading Volume

36,300


2 people like this.

1,409 comment(s). Last comment by KingKKK 5 days ago

Posted by ironstockhunter > 2022-07-12 17:38 | Report Abuse

Hahaha, 2nd wave in your dream maybe

Posted by NatsukoMishima > 2022-07-13 12:56 | Report Abuse

Seizure assets of petronas , what happened ?

kyliew

1,383 posts

Posted by kyliew > 2022-07-28 22:09 | Report Abuse

Breaking News!!!!!
US enters technical recession as economy shrank 0.9% in Q2

Posted by investor2021trading > 2022-07-29 10:58 | Report Abuse

why vy few investors interested?

Posted by investor2021trading > 2022-07-29 11:15 | Report Abuse

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.














Posted by bullmarket1628 > 2022-09-26 17:43 | Report Abuse

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 !

Posted by bullmarket1628 > 2022-09-28 07:05 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-04 08:11 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:19 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:38 | Report Abuse

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.

Posted by bullmarket1628 > 2022-10-06 07:21 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-06 07:44 | Report Abuse

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.”

Posted by bullmarket1628 > 2022-10-07 07:17 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-08 07:45 |

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Posted by SengGor1011 > 2022-11-08 12:05 | Report Abuse

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.

TehBeng

54 posts

Posted by TehBeng > 2022-11-16 13:58 | Report Abuse

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.

TehBeng

54 posts

Posted by TehBeng > 2022-11-16 13:58 | Report Abuse

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.

fooming

45 posts

Posted by fooming > 2022-12-15 12:26 | Report Abuse

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).

fooming

45 posts

Posted by fooming > 2022-12-15 12:28 | Report Abuse

The biorefinery will be able to leverage the company’s integrated value chain as well as existing utilities and facilities in PIC

fooming

45 posts

Posted by fooming > 2022-12-15 12:29 | Report Abuse

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.

fooming

45 posts

Posted by fooming > 2022-12-20 11:31 | Report Abuse

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

fooming

45 posts

Posted by fooming > 2022-12-20 11:32 | Report Abuse

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

Isaac7

12 posts

Posted by Isaac7 > 2022-12-24 09:33 | Report Abuse

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).

jianwei90

66 posts

Posted by jianwei90 > 2022-12-24 22:02 | Report Abuse

is this reduction in tariff good or bad for petgas? Thanks :)

Isaac7

12 posts

Posted by Isaac7 > 2022-12-25 15:23 | Report Abuse

Should be bad as RR mentioned that industries and users will save millions from this reduction.

AxeCap

4 posts

Posted by AxeCap > 2023-01-10 10:40 | Report Abuse

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.

Posted by unicornbird > 2023-01-18 20:41 | Report Abuse

Anyone knows how much is the reduction?
If reduce 3%, but volume is up 10%, Petgas still earn more

Posted by tedoptimus > 2023-02-03 21:28 | Report Abuse

用数据预测 PETGAS2022Dec 的业绩
https://youtu.be/x1CMXAxqTaE

Posted by unicornbird > 2023-02-22 18:27 | Report Abuse

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

saqader

1 posts

Posted by saqader > 2023-02-25 06:15 | Report Abuse

Anyone knows what was the IPO price for this counter?

Posted by observatory > 2023-02-25 18:01 | Report Abuse

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.

Posted by Mohamad Jeffrey Ismail > 2023-03-21 10:43 | Report Abuse

Anyone received the recent dividend already?

Isaac7

12 posts

Posted by Isaac7 > 2023-03-27 09:21 | Report Abuse

Why the sudden drop last Friday? Can't seem to find any corporate news about it

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-03-30 16:48 | Report Abuse

Security LastPr PE DY% Divcts ROE ttm-marg
PETGAS (Gas, Water & Multi-utilities) 16.5 19.84 4.4 72 12.51 26.7

haziqaz

156 posts

Posted by haziqaz > 2023-05-08 08:36 | Report Abuse

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/

Posted by curiousmonke > 2023-05-11 12:20 | Report Abuse

Anyone heard what the door gift is for this agm?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-12 22:14 | Report Abuse

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.

Isaac7

12 posts

Posted by Isaac7 > 2023-05-23 10:20 | Report Abuse

A positive Q12023

Posted by unicornbird > 2023-07-18 19:09 | Report Abuse

obs do you think Petgas is worth keeping? the growth looks very poor compared to Allianz

Posted by success2628 > 2023-07-25 16:24 |

Post removed.Why?

Posted by Attaaaaaack > 2023-08-21 20:36 | Report Abuse

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💪

haziqaz

156 posts

Posted by haziqaz > 2023-08-24 00:09 | Report Abuse

Petronas bakal dimalukan berbilion ringgit?
https://thecorporate-secrets.com/blog/2023/08/23/petronas-bakal-dimalukan-berbilion-ringgit/

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-25 17:46 | Report Abuse

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.

Brutus

287 posts

Posted by Brutus > 2023-08-25 20:09 | Report Abuse

Good set of results. Thank you for the dividend and looking forward to Q4 bumper dividend.

maxwin69

66 posts

Posted by maxwin69 > 2023-09-11 11:02 | Report Abuse

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...

Posted by Mohd ImranRafifi > 2 months ago | Report Abuse

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

Posted by Mohd ImranRafifi > 2 months ago | Report Abuse

on the way to RM17 again despite EPF disposed 🤗

Dehcomic01

286 posts

Posted by Dehcomic01 > 1 month ago | Report Abuse

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

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

Market cap of Petronas is higher than those companies, so worth to keep it for long-term

KingKKK

267 posts

Posted by KingKKK > 5 days ago | Report Abuse

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

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