PETRONAS DAGANGAN BHD
KLSE (MYR): PETDAG (5681)
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Last Price
21.40
Today's Change
+0.14 (0.66%)
Day's Change
21.24 - 21.58
Trading Volume
320,300
Overview
Market Cap
21,260 Million
NOSH
993 Million
Avg Volume (4 weeks)
359,475
4 Weeks Range
20.56 - 22.08
4 Weeks Price Volatility (%)
55.26%
52 Weeks Range
18.26 - 22.30
52 Weeks Price Volatility (%)
77.72%
Previous Close
21.40
Open
21.38
Bid
21.40 x 42,500
Ask
21.50 x 1,700
Day's Range
21.24 - 21.58
Trading Volume
320,300
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2021 [#4] | 22-Feb-2022
Next QR | Est. Ann. Date
31-Mar-2022 | 25-May-2022
T4Q P/E | EY
40.13 | 2.49%
T4Q DY | Payout %
3.27% | 131.27%
T4Q NAPS | P/NAPS
5.62 | 3.81
T4Q NP Margin | ROE
2.36% | 9.49%
Market Buzz
2022-05-20
News and Blogs
Company Profile
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: RETAILERS
Subsector: RETAILERS
Description:
Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company?s other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.
Discussions
2 people like this. Showing 50 of 1,244 comments
Malaysia launches 10-year blueprint to revive oil and gas sector
Demand for energy and transportation tanked during the pandemic.
Shannon Teoh
Malaysia Bureau Chief
PUBLISHED1 HOUR AGO
FACEBOOKTWITTER
KUALA LUMPUR - Malaysia is seeking to rescue its ailing oil and gas ecosystem with an ambitious 10-year plan after fuel prices were battered last year by the Covid-19 pandemic.
The National Oil & Gas Services and Equipment (OGSE) Industry Blueprint 2021-2030 comes after nearly two-thirds of over 4,000 vendors fell off the radar, victims of a "double whammy".
Demand for energy and transportation tanked during the pandemic and this came on top of the rout in oil markets between 2014 and 2016.
State oil giant Petronas was forced to slash a third of its initial RM50 billion (S$16.2 billion) capital expenditure budget for 2020, most of which was dedicated to the domestic market. Last year, crude oil prices averaged about US$40 per barrel, down from over US$60 the year before.
Local OGSE players' reliance on Petronas - a key problem the blueprint will try to address - meant that over 700 companies went dormant last year, leaving just 1,563 players in the field.
Oil and gas have been a crucial plank of both the Malaysian economy and government revenue, making up to a fifth of the country's pre-Covid-19 gross domestic product. The supporting OGSE sector, which accounted for nearly half of that contribution, has lagged in adopting new technologies and inefficient businesses suffered during last year's crash.
"It is hoped that this blueprint will result in them scaling up the operations. We want them to go overseas as well. By merging with each other... they can do more research and development... You need to be on the ball in terms of the latest technology," Economic Planning Minister Mustapa Mohamed told reporters after Tuesday's (April 27) launch.
The blueprint outlines incentives for mergers, consortium-building and technology adoption, alongside an RM25 million OGSE Development Grant to help smaller firms commercialise innovative solutions.
Malaysia's OGSE sector generates about US$16.4 billion (S$21.7 billion) in revenue annually, with less than a third coming from exports.
This compares unfavourably with Norway - which Malaysian Petroleum Resources Corporation (MPRC), the lead agency tasked with developing the OGSE landscape, calls the "gold standard" - as well as the United Kingdom.
Both countries in Europe reap over US$35 billion a year from a less fragmented industry of just 1,200 firms each. Norway's OGSE sector also filed 960 patents in the last five years, and the UK had 381, compared with a paltry 36 for Malaysia.
Among the blueprint's targets are to see the OGSE sector contribute up to RM50 billion to Malaysia's GDP by the end of the decade, up from RM21 billion last year, and provide 60,000 highly-skilled jobs, 1,000 more than the existing largely semi-skilled workforce. In line with long-term plans for Petronas to increasingly expand its footprint internationally, OGSE players will also be expected to derive half of their revenue overseas, similar to their Norwegian counterparts currently.
Another crucial push will be to diversify revenue streams, with a quarter of billings by 2030 to come from outside oil and gas. MPRC chief executive Yazid Ja'afar pointed to "adjacent" industries such as renewable energy, where public-listed Eversendai Corp has bagged several offshore wind deals.
Datuk Seri Mustapa said it was imperative that OGSE players create low-carbon solutions with the ongoing push to "decarbonise" receiving a boost from the Leaders Summit on Climate hosted by United States President Joe Biden last week.
"We are encouraging the industry to explore the ESG (environmental, social and governance) element," Mr Yazid told a press conference. "Once you comply with the requirements, you will open up a whole world of US$59 trillion (of investment funds) by 2025."
2021-04-27 19:44
All in. Result so good. Oil price stable $69. Crack spread stable $6.30.
2021-05-27 10:00
I am about to forecast it divided at the of this month. Any forecast price prior div.
please help
2021-06-05 21:43
https://www.msn.com/en-my/money/markets/hydrogen-planes-electric-propu...
The end of fossil fuel is rapidly approaching.
2021-06-15 20:43
How many forums do u want to post the same article? If u think fossil fuel is ending, go ahead and sell the stock. No one is stopping you.
2021-06-19 21:36
Oil slips after hitting highest since 2018 before OPEC+ talks
PUBLISHED MON, JUN 28 20211:35 AM EDTUPDATED MON, JUN 28 202110:58 AM EDT
Reuters
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2021-06-29 06:27
After buying PetDag since 25/7/2014, averaging down and at one point reaching 1,200 shares & receiving at least 23 dividends, I finally dumped my last shares @ 22.60 at the market open on 24/6/20. My average cost was 20.66 incl commissions.
Hopefully I can buy it back below 20 =)
27/06/2020 8:56 AM
Repurchased the PetDag I sold, @ 17.28 today
SOLD my repurchased PetDag above 21.20 today.
19/01/2021 6:21 PM
Speculatively re-repurchased PetDag @ 18.72 today
2021-07-22 14:50
RHB Banking Chief Economist Sailesh K Jha to speak on Bloomberg live at 11 am GMT
2021-08-17 09:38
KYY said buying Petronas Dagangan is not a good choice compared to AYS! We will prove you wrong KYY! Petronas Dagangan will move north, sky the limit!
2021-11-13 08:02
https://www.theedgemarkets.com/article/petronas-dagangan-partners-petr...
Basically they are selling their asset / money generating assets to Petros. But people on the ground already know this news for 2 years.
2021-12-13 13:52
i regret i did not sell Pet Dag when it was RM30. will it ever reach RM30 again even when the crude price is so high, it seems there is not much movement.
2 months ago
My price target is RM28 in the medium term.
Despite the high volume of asset sales in the past few quarters, the company still boasts huge EPS growth and has an overall low leverage and debt/EBITDA.
Very very overweight on Petronas Dagangan Berhad
2 months ago
your price is RM28 in the medium term, so how much was it when you bought the shares and how many lots you purchased??
2 months ago
wellstreetrookie, what type of funds do you sell? being an analyst, i suppose you must have a lot of experience. any idea in owning unit trusts?? why don't you target this counter to reach RM30!!!
1 month ago
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.
4 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
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
============
All values MYR Thousands. 5-qtr trend
Cash Dividends Paid - Total
(198,691.0) 31-Dec-2021
(99,345.0) 30-Sep-2021
(139,084.0) 30-Jun-2021
(168,887.0) 31-Mar-2021
(109,280.0) 31-Dec-2020
All values MYR Millions. 5-year trend
Cash Dividends Paid - Total
(606) 2021
(606) 2020
(695) 2019
(934) 2018
(775) 2017
3 days ago
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
2 days ago
so said d coming QR will b fantastic cos of d sweet spot in crack spread n there will b 4 more interim dividend!
1 day ago
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Post removed.Why?
2021-03-02 19:16