PETRONAS GAS BHD

KLSE (MYR): PETGAS (6033)

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Last Price

18.08

Today's Change

-0.06 (0.33%)

Day's Change

18.04 - 18.14

Trading Volume

248,800

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
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

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 & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
2 people like this. Showing 50 of 1,414 comments

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 !

2022-09-26 17:43

bullmarket1628

Post removed.Why?

2022-09-28 07:05

bullmarket1628

Post removed.Why?

2022-10-04 08:11

bullmarket1628

Post removed.Why?

2022-10-05 07:19

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.

2022-10-05 07:38

bullmarket1628

Post removed.Why?

2022-10-06 07:21

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.”

2022-10-06 07:44

bullmarket1628

Post removed.Why?

2022-10-07 07:17

bullmarket1628

Post removed.Why?

2022-10-08 07:45

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.

2022-11-08 12:05

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.

2022-11-16 13:58

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.

2022-11-16 13:58

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).

2022-12-15 12:26

fooming

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

2022-12-15 12:28

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.

2022-12-15 12:29

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

2022-12-20 11:31

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

2022-12-20 11:32

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).

2022-12-24 09:33

jianwei90

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

2022-12-24 22:02

Isaac7

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

2022-12-25 15:23

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.

2023-01-10 10:40

unicornbird

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

2023-01-18 20:41

tedoptimus

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

2023-02-03 21:28

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

2023-02-22 18:27

saqader

Anyone knows what was the IPO price for this counter?

2023-02-25 06:15

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.

2023-02-25 18:01

Mohamad Jeffrey Ismail

Anyone received the recent dividend already?

2023-03-21 10:43

Isaac7

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

2023-03-27 09:21

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

2023-03-30 16:48

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/

2023-05-08 08:36

curiousmonke

Anyone heard what the door gift is for this agm?

2023-05-11 12:20

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.

2023-05-12 22:14

Isaac7

A positive Q12023

2023-05-23 10:20

unicornbird

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

2023-07-18 19:09

success2628

Post removed.Why?

2023-07-25 16:24

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💪

2023-08-21 20:36

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.

2023-08-25 17:46

Brutus

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

2023-08-25 20:09

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...

2023-09-11 11:02

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

2023-12-03 15:58

Mohd ImranRafifi

on the way to RM17 again despite EPF disposed 🤗

2023-12-13 17:27

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

2024-01-02 09:24

Mohd ImranRafifi

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

2 months ago

Michael Kwok

Buy meridian 9-11 cents
Each people rm 10k.if got money buy some more.
27/2/24 1.06am

1 month ago

Mohd ImranRafifi

Its Q4 result is quite impressive. Overall, its FY2023 surpasses FY2022

1 month ago

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

1 month ago

Mohd ImranRafifi

Shooting back up to Rm18. Demand for gas is going up !

5 days ago

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