1. Homepage
  2. Equities
  3. Malaysia
  4. BURSA MALAYSIA
  5. PETRONAS Dagangan Berhad
  6. News
  7. Summary
    PETDAG   MYL5681OO001

PETRONAS DAGANGAN BERHAD

(PETDAG)
  Report
End-of-day quote BURSA MALAYSIA  -  05-26
21.00 MYR   -0.57%
05/27Petronas Dagangan Trims Dividend as Profit Slumps in Q1
MT
05/26Petronas Dagangan Berhad Declares Interim Dividend for Quarter Ended 31 March 2022, Payment Date Is 24 June 2022
CI
05/26PETRONAS Dagangan Berhad Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Petronas Dagangan : Berhad Introduces Petronas Primax 97 With Pro-R

12/24/2020 | 05:37am EDT
Kuala Lumpur, 21 December 2020 - PDB introduced its best fuel, the new PETRONAS Primax 97 with Pro-Race, engineered to meet the demands of present-day high technology engines giving them a more powerful, responsive and efficient performance.

The new PETRONAS Primax 97 with Pro-Race comprises unique features. It is formulated with the world's first Advanced Dual Friction Modifier. This modifier is 25% more efficient in reducing friction than the previous fuel. It lowers carbon emission through enhancing the fuel and oil interaction whilst increasing fuel efficiency for further mileage. It enhances the fuel and oil interaction to increase fuel efficiency for further mileage, resulting in lower carbon emission. The new fuel also removes 99.9% of deposits from key areas in the engine, unlocking the car's full potential to achieve effortless power.

Speaking about the new breakthrough, PDB Managing Director and Chief Executive Officer Azrul Osman Rani said: 'The new PETRONAS Primax 97 with Pro-Race is our best fuel, as the new formulation was designed to cater to advanced engine technologies and meet the high-performance driving needs of our customers today. Having translated our fluid technology from track to road, we are very excited to finally let our customers experience an effortless drive, achievable through the 3-in-1 benefit comprising power, responsiveness and efficiency.'

Leveraging on PETRONAS' experience in the development of fluid technology that powered the Mercedes-AMG PETRONAS F1 team to win its seventh consecutive FIA F1 World Constructors Championship in 2020, the new fuel has been engineered for unbeatable performance and the power to move beyond.

Lewis Hamilton, Mercedes-AMG PETRONAS F1 world champion driver concurred: 'The competitiveness on the racetrack, is intense. I need a fuel that gives me the power to move beyond - when I accelerate, when I take corners and when I need to get ahead of the pack. PETRONAS Primax 97 with Pro-Race is the fuel that gives your car the power as and when it needs most. I know what power means. You should too.'

The performance of the new fuel was testified by customers through a series of blind tests. Conducted in real driving and road conditions, the test results revealed that 2 out of 3 participants experienced better performance from PETRONAS Primax 97 with Pro-Race compared to other premium fuels that they currently use. Specifically, 69% concurred that the new fuel delivers more power and 66% agreed that it is more responsive. In terms of efficiency, 73% of participants confirmed that the new fuel recorded more kilometers per liter, whilst emitting less carbon.

Azrul added: 'The results of the blind tests and feedback from the drivers are truly encouraging. As a leading energy and solutions partner, we continuously seek out avenues to refine and improve our offerings to remain as customers' brand of choice. We are confident that the new PETRONAS Primax 97 with Pro-Race will surpass customers' expectations and delight their driving experience.'

For more information on the all-new PETRONAS Primax 97 with Pro-Race, logon to www.primax.my.

Disclaimer

Petronas Dagangan Bhd published this content on 24 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 December 2020 10:36:05 UTC


© Publicnow 2020
All news about PETRONAS DAGANGAN BERHAD
05/27Petronas Dagangan Trims Dividend as Profit Slumps in Q1
MT
05/26Petronas Dagangan Berhad Declares Interim Dividend for Quarter Ended 31 March 2022, Pay..
CI
05/26PETRONAS Dagangan Berhad Reports Earnings Results for the First Quarter Ended March 31,..
CI
05/26Petronas Dagangan Berhad Announces Appointment of Tunku Alizakri Bin Raja Muhammad Alia..
CI
05/26Petronas Dagangan Berhad Announces Appointment of Sazali Bin Hamzah as Non Independent ..
CI
05/26Petronas Dagangan Berhad Announces Appointment of Ym Tunku Alizakri Bin Raja Muhammad A..
CI
05/26Petronas Dagangan Berhad Announces Appointment of Encik Mohd Yuzaidi Bin Mohd Yusoff as..
CI
05/26Petronas Dagangan Berhad Announces Appointment of Datuk Sazali Bin Hamzah as Independen..
CI
05/26Petronas Dagangan Berhad Announces Appointment of Encik Mohd Yuzaidi Bin Mohd Yusoff as..
CI
05/26Petronas Dagangan Berhad Announces Resignation of Encik Ahmad Adly Bin Alias as Indepen..
CI
More news
Financials
Sales 2022 27 967 M 6 386 M 6 386 M
Net income 2022 650 M 148 M 148 M
Net cash 2022 2 549 M 582 M 582 M
P/E ratio 2022 32,1x
Yield 2022 2,90%
Capitalization 20 863 M 4 764 M 4 764 M
EV / Sales 2022 0,65x
EV / Sales 2023 0,64x
Nbr of Employees 1 416
Free-Float 13,3%
Chart PETRONAS DAGANGAN BERHAD
Duration : Period :
PETRONAS Dagangan Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRONAS DAGANGAN BERHAD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 21,00 MYR
Average target price 20,60 MYR
Spread / Average Target -1,92%
EPS Revisions
Managers and Directors
Azrul bin Osman Rani Chief Executive Officer, Director & MD
Farzlina Ahmad Murad Chief Financial Officer
Anuar bin Ahmad Chairman
Mohamad Imran M. Ashraf Head-Technical Services Division
Koh Tat Chong Chief Technology Officer