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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  PETRONAS Chemicals Group    PCHEM   MYL5183OO008

PETRONAS CHEMICALS GROUP

(PCHEM)
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Petronas Chemicals : Third-Quarter Net Profit Fell 15% on Forex Loss, Lower Interest Income

11/18/2020 | 05:28am EST

By Chester Tay

Petronas Chemicals Group Bhd.'s third-quarter net profit fell 15% following foreign-exchange loss on revaluation of shareholder loan to a joint operation company and lower interest income generated from fund placement.

Net profit declined to 471.0 million ringgit ($114.8 million), while revenue dropped to MYR3.46 billion from MYR3.67 billion a year earlier, the petrochemical company said Wednesday.

For the first nine months of the year, the group's net profit dropped 53% to MYR1.16 billion and revenue declined 13% to MYR10.53 billion.

Write to Chester Tay at chester.tay@wsj.com

(END) Dow Jones Newswires

11-18-20 0527ET

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Financials
Sales 2020 14 510 M 3 589 M 3 589 M
Net income 2020 1 654 M 409 M 409 M
Net cash 2020 10 556 M 2 611 M 2 611 M
P/E ratio 2020 31,6x
Yield 2020 1,82%
Capitalization 54 000 M 13 335 M 13 356 M
EV / Sales 2020 2,99x
EV / Sales 2021 2,38x
Nbr of Employees 4 500
Free-Float 18,6%
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Technical analysis trends PETRONAS CHEMICALS GROUP
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Mean consensus HOLD
Number of Analysts 22
Average target price 6,74 MYR
Last Close Price 6,75 MYR
Spread / Highest target 34,8%
Spread / Average Target -0,19%
Spread / Lowest Target -40,7%
EPS Revisions
Managers and Directors
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
Ah Wah Toh Senior Independent Director
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