Petra Energy

PENERGY

MYL5133OO003

Shipbuilding

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
1.45 ^MYR	+5.84%		+2.11%	+53.44%

Apr. 08	Malaysian Shares Mark Three-Day Win on Upbeat Economic Indicators; Poh Kong's Shares Surge 14%	MT
Mar. 18	Malaysian Stocks Open Week in Black; Ge-Shen's Shares Rally Over 24%	MT

Wah Seong Reportedly Looking to Sell its Entire 26.97% Equity Interest in Petra Energy

May 02, 2021

Wah Seong Corporation Berhad (KLSE:WASEONG) is looking to sell its entire 26.97% equity interest in Petra Energy Berhad (KLSE:PENERGY), people familiar with the matter tell The Edge. It is understood that several parties have been approached to buy the block, but details are scarce at press time. Wah Seong did not reply to queries sent by The Edge.

How much Wah Seong is asking for the stake is uncertain. Wah Seong had acquired the stake from Perdana Petroleum Bhd in July 2012, paying close to MYR 97 million or MYR 1.68 per Petra share. Petra shares ended trading last April 30, 2021 at 94.5 sen apiece, valuing Wah Seong's block of 26.97% at MYR 81.79 million, or close to a 16% discount on what it paid nine years ago.

Petra's market capitalization stood at MYR 303.29 million.

Latest news about Petra Energy

Malaysian Shares Mark Three-Day Win on Upbeat Economic Indicators; Poh Kong's Shares Surge 14%	Apr. 08	MT
Malaysian Stocks Open Week in Black; Ge-Shen's Shares Rally Over 24%	Mar. 18	MT
Petra Energy Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 22	CI
Petra Energy Berhad Declares Single-Tier Interim Dividend for the Financial Year Ended 31 December 2023, Payable on March 29, 2024	Feb. 22	CI
Petra Energy Unit to Sell Vessel for MYR18.5 Million	Dec. 15	MT
Petra Energy Berhad Announces Special Dividend, Payable on 14 February 2024	Dec. 15	CI
Petra Energy Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 24	CI
Petra Energy Berhad Announces Single-Tier Interim Dividend for the Financial Year Ended 31 December 2023, Payable on January 19, 2024	Nov. 24	CI
Petra Energy Berhad Announces Committee Changes	23-09-01	CI
Petra Energy Berhad Announces Appointment of Sulong Bin Matjeraie as Independent and Non Executive Member of Risk Committee	23-09-01	CI
Petra Energy Berhad Announces Appointment of Puan Zuhaida Binti Zulkifli as Independent and Non Executive Chairman of Risk Committee	23-09-01	CI
Petra Energy Berhad Announces Resignation of Simon Ong as Executive Member of Risk Committee	23-09-01	CI
Petra Energy Berhad Announces Redesignation of Ng Ing Peng as Independent and Non Executive Member of Risk Committee	23-09-01	CI
Petra Energy Berhad Announces Appointment of Puan Zuhaida Binti Zulkifli as Independent and Non Executive Member of Nomination and Remuneration Committee	23-09-01	CI
Petra Energy Berhad Announces Appointment of Puan Zuhaida Binti Zulkifli as Independent and Non Executive Independent Director	23-09-01	CI
Petra Energy Berhad Appoints Puan Zuhaida Binti Zulkifli as Independent and Non Executive Member of Audit Committee	23-09-01	CI
Petra Energy Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-23	CI
Petra Energy Berhad Announces Retirement of Encik Abdul Rahim Bin Abdul Hamid as Independent and Non Executive Director	23-05-25	CI
Petra Energy Berhad Appoints Tan Sri Datuk Seri Panglima Sulong Bin Matjeraie as Independent and Non Executive Member of Nomination Committee	23-05-25	CI
Petra Energy Berhad Announces Cessation of Encik Abdul Rahim Bin Abdul Hamid as Independent and Non Executive Member of Nomination Committee	23-05-25	CI
Petra Energy Berhad Announces Cessation of Encik Abdul Rahim Bin Abdul Hamid as Independent and Non Executive Chairman of Remuneration Committee	23-05-25	CI
Petra Energy Berhad Announces Redesignation of Madam Ng Ing Peng from Independent and Non Executive Member of Remuneration Committee to Independent and Non Executive Chairman of Remuneration Committee	23-05-25	CI
Petra Energy Berhad Announces Cessation of Encik Abdul Rahim Bin Abdul Hamid as Independent and Non Executive Chairman of Risk Committee	23-05-25	CI
Petra Energy Berhad Appoints Madam Ng Ing Peng as Independent and Non Executive Chairman of Risk Committee	23-05-25	CI
Petra Energy Berhad Announces Redesignation of MADAM NG ING PENG from Independent and Non Executive Member of Audit Committee to Independent and Non Executive Chairman of Audit Committee	23-05-25	CI

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Company Profile

Petra Energy Berhad is a Malaysia-based investment holding company. The Company operates through three segments: Services, Marine Assets, and Development and Production. The Services segment provides services, such as Hook-up Commissioning, Topside Major Maintenance, vessel management and time chartering, fabrication, subsea and underwater, as well as trading and engineering services. The Marine Assets segment comprises subsidiaries which own the Groupâs marine assets and hold license to carry on the leasing business. The segmentâs major business activity is bareboat chartering of vessels internally within the Company and to third party vessel management companies. The Development & Production segment covers the Companyâs business activities in relation to rejuvenation of matured fields, as well as small and marginal field development and production. This involves the Inaugural Petroleum Contract for onshore Block SK433 in Miri for Petroleum Sarawak (PETROS).

Sector

Shipbuilding

Calendar

2024-05-16 - Q1 2024 Earnings Release (Projected)

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Income Statement Evolution

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Sector Ship Repairing & Maintenance

	1st Jan change	Capi.
PETRA ENERGY	+53.44%	97.41M
AL SEER MARINE SUPPLIES & EQUIPMENT COMPANY	-36.62%	1.34B
ENDÚR ASA	+23.68%	158M
ODESSOS SHIPREPAIR YARD S.A.	+6.45%	106M
VYBORG SHIPYARD	-.--%	67.2M
BRODOGRADILISTE VIKTOR LENAC D.D.	+10.53%	64.58M
THE BAHRAIN SHIP REPAIRING AND ENGINEERING COMPANY BSC	+10.50%	52.53M