Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: HOLD | Target Price: 24.45 |
Showing posts with label PETGAS. Show all posts
Showing posts with label PETGAS. Show all posts
May 13, 2015
Healthy margin expansion
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 19.27 |
February 23, 2015
Earnings Forecast Raised Slightly Post Analyst Briefing
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: HOLD | Target Price: 24.45 |
February 18, 2015
AllianceDBS maintains 'buy' call on PetGas
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: ALLIANCE | Price Call: BUY | Target Price: 25.40 |
KUALA LUMPUR: AllianceDBS Research has maintained its "buy" rating on Petronas Gas Bhd (PetGas) at RM25.40, following the company's promising outlook with resilient earnings, a solid balance sheet and strong parentage.
"Also, PetGas is unaffected by the recent fall in crude oil prices as it merely provides throughput services," the research house said in a note today.
PetGas reported a fourth quarter 2014 core profit of RM417 million, six per cent higher year-on-year.
"This took its financial year 2014 core earnings to RM1,689 million and 16 per cent higher, while coming within our estimates," it said.
PetGas has a 65 per cent stake in the RM2.7 billion Pengerang regasification terminal with a 3.5 million metric tonne annual capacity. It is expected to be operational by the fourth quarter of 2017.
"We have penciled in a seven per cent boost to earnings from this terminal in FY18.
"The potential third regas plant in Lahad Datu will be the next catalyst for PetGas, as Petronas continues to plan ahead for energy supply security," it said. - BERNAMA
November 17, 2014
Pengerang RGT is a GO!
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: HOLD | Target Price: 23.25 |
August 11, 2014
PETGAS - The Regasification Power!
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: SELL | Target Price: 22.70 |
PETGAS - Regasification segment now a major group contributor
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 21.38 |
May 7, 2014
PETGAS - Earnings propped by regasification segment
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 21.38 |
April 7, 2014
PETGAS - In the spirit of performance, reliability and efficiency
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 20.98 |
PETGAS - Maintaining Neutral View on New Agreements
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: SELL | Target Price: 22.70 |
February 11, 2014
PETGAS - New Income from regasification segment
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 20.30 |
November 1, 2013
PETGAS - Moderate growth supported by regasification segment
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 20.30 |
May 13, 2013
1QFY13 Core Earnings Within Expectations
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: SELL | Target Price: 16.64 |
MIDF raises Petronas Gas target price
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
MIDF Research raised its target price on shares of Petronas Gas Bhd to RM18.12 from RM17.12 after the company's operating profit from its core business segments expanded in the last quarter.
Shares of Petronas Gas remained unchanged at RM20.40, while the benchmark index gained 0.25 per cent.
Petronas Gas' net profit rose 8.1 per cent in the first quarter ended March 31, 2013 due to higher operating margins from its core segments, said MIDF in a report on Monday. The brokerage maintained its 'neutral' rating on Petronas shares.
MIDF said an upcoming re-gasification plant would lift the company's annual earnings by up to RM115 million. "Our target price could be adjusted higher to a range of RM18.97 to RM19.34 with the inclusion of contributions from the plant," it said.-- Reuters
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 18.12 |
MIDF Research raised its target price on shares of Petronas Gas Bhd to RM18.12 from RM17.12 after the company's operating profit from its core business segments expanded in the last quarter.
Shares of Petronas Gas remained unchanged at RM20.40, while the benchmark index gained 0.25 per cent.
Petronas Gas' net profit rose 8.1 per cent in the first quarter ended March 31, 2013 due to higher operating margins from its core segments, said MIDF in a report on Monday. The brokerage maintained its 'neutral' rating on Petronas shares.
MIDF said an upcoming re-gasification plant would lift the company's annual earnings by up to RM115 million. "Our target price could be adjusted higher to a range of RM18.97 to RM19.34 with the inclusion of contributions from the plant," it said.-- Reuters
November 26, 2012
9MFY12 Core Earnings Below Expectations
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: TA | Price Call: SELL | Target Price: 16.75 |
Affin cuts Petronas Gas target price
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Affin Investment Bank cut its target price on Petronas Gas Bhd to RM16.60 from RM17.40, citing a project delay which may hurt the company's earnings next year.
"We downgrade our earnings per share for the next two years by 7.1 per cent to 16.8 per cent to account for lower-than-expected performance-based income, and to account for a six-month delay in the commissioning of the Melaka regasification terminal," said Affin in a report on Monday. It maintained a "reduce" call on the stock.
The company's net profit fell 18.9 per cent to RM310.5 million in the third quarter ended Sept. 30 after revenue from gas processing dropped by almost 30 per cent on lower export volumes.
Petronas Gas shares were down 0.53 per cent at RM18.80 as of 10.14am. -- Reuters
Company Name: PETRONAS GAS BHD
| Research House: AFFIN | Price Call: SELL | Target Price: 16.60 |
Affin Investment Bank cut its target price on Petronas Gas Bhd to RM16.60 from RM17.40, citing a project delay which may hurt the company's earnings next year.
"We downgrade our earnings per share for the next two years by 7.1 per cent to 16.8 per cent to account for lower-than-expected performance-based income, and to account for a six-month delay in the commissioning of the Melaka regasification terminal," said Affin in a report on Monday. It maintained a "reduce" call on the stock.
The company's net profit fell 18.9 per cent to RM310.5 million in the third quarter ended Sept. 30 after revenue from gas processing dropped by almost 30 per cent on lower export volumes.
Petronas Gas shares were down 0.53 per cent at RM18.80 as of 10.14am. -- Reuters
Earnings booster from Melaka LNG Re-Gas only in 2Q13
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 17.72 |
August 16, 2012
Earnings Buoyed by Gains on Disposal
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 17.72 |
July 13, 2012
RHB ups Petronas Gas' fair value
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
RHB Research raised Petronas Gas Bhd's fair value to RM18.95 per share from RM18.33 on a better outlook with the latter's new liquefied natural gas (LNG) regasification plant in Malacca state due to come on stream in August-September.
"The new LNG plant will provide Petronas Gas with a new revenue stream, such as regasification fees, while also providing increased volumes for its gas transmission business," the research house said in a note on Friday.
Maintaining a "market perform" on the counter, RHB said it believed Petronas Gas' prospects going forward remain stable, underpinned by recurring income from its processing and transmission businesses, while the addition of new assets would provide incremental recurring earnings for the company.
Petronas Gas ended the morning session 0.33 percent lower at RM17.94 per share, compared to the Malaysia's benchmark stock index's 0.04 percent rise. -- Reuters
Company Name: PETRONAS GAS BHD
| Research House: RHB | Price Call: BUY | Target Price: 18.95 |
RHB Research raised Petronas Gas Bhd's fair value to RM18.95 per share from RM18.33 on a better outlook with the latter's new liquefied natural gas (LNG) regasification plant in Malacca state due to come on stream in August-September.
"The new LNG plant will provide Petronas Gas with a new revenue stream, such as regasification fees, while also providing increased volumes for its gas transmission business," the research house said in a note on Friday.
Maintaining a "market perform" on the counter, RHB said it believed Petronas Gas' prospects going forward remain stable, underpinned by recurring income from its processing and transmission businesses, while the addition of new assets would provide incremental recurring earnings for the company.
Petronas Gas ended the morning session 0.33 percent lower at RM17.94 per share, compared to the Malaysia's benchmark stock index's 0.04 percent rise. -- Reuters
March 26, 2012
Petronas Gas - Protected from gas leaks
Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Company Name: PETRONAS GAS BHD
| Research House: CIMB | Price Call: BUY | Target Price: 18.49 |
Target RM18.49
Though The Edge Weekly's revelation that Petronas has not secured an offtaker for imported gas through the Sungai Udang regas terminal is a concern, PetGas's management has indicated that it is unlikely to be penalised as it is about to sign a take-or-pay agreement with Petronas. This news is a surprise as Petronas has signed agreements for the supply of feedstock for c.100% of the regas terminal.s capacity. It does not affect our Outperform call or SOP-based target price as PetGas bears no procurement or supply risk as it is paid to process and transport gas.
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