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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  PETRONAS CHEMICALS GROUP BHD    PCHEM   MYL5183OO008

PETRONAS CHEMICALS GROUP BHD

(PCHEM)
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Petronas Chemicals 3Q Net Profit Fell 54%

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11/13/2019 | 12:46am EST

By P.R.Venkat

Petronas Chemicals Group Bhd. (5183.KU) said its third-quarter net profit fell 54% on year mainly due to lower product prices.

Net profit was 553.0 million ringgit ($133.5 million). Revenue was MYR3.67 billion, compared with MYR4.83 billion in the same period a year ago, Petronas Chemicals said Wednesday.

The company said revenue from the olefins and derivatives segment during the third quarter fell l9% on year to MYR7.38 billion as product prices were low, due to a decrease in crude oil prices.

Write to P.R. Venkat at venkat.pr@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.70% 64.9 Delayed Quote.18.03%
PETRONAS CHEMICALS GROUP BHD End-of-day quote.
WTI 0.32% 59.76 Delayed Quote.31.19%
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Financials (MYR)
Sales 2019 16 812 M
EBIT 2019 3 728 M
Net income 2019 3 355 M
Finance 2019 11 435 M
Yield 2019 3,15%
P/E ratio 2019 17,2x
P/E ratio 2020 15,5x
EV / Sales2019 2,75x
EV / Sales2020 2,33x
Capitalization 57 600 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 7,39  MYR
Last Close Price 7,20  MYR
Spread / Highest target 23,6%
Spread / Average Target 2,69%
Spread / Lowest Target -16,7%
EPS Revisions
Managers
NameTitle
Sazali bin Hamzah CEO, MD & Non-Independent Executive Director
Mohamad Arif bin Mahmood Chairman
Rashidah binti Alias Chief Financial Officer
Ch'ng Guan How Chief Innovation & Technology Officer
Vimala V. R. Menon Senior Independent Non-Executive Director
Sector and Competitors