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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  PETRONAS Gas    PETGAS   MYL6033OO004

PETRONAS GAS

(PETGAS)
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PETRONAS Gas : Attractive price levels

07/14/2020 | 07:42am EST
07/14/2020 | 07:42am EST
long trade
Stop-loss triggered
Entry price : 16.7MYR | Target : 18.5MYR | Stop-loss : 15.5MYR | Potential : 10.78%
PETRONAS Gas shares are closing near attractive entry levels for a medium term horizon. Investors could regard the decline over the past weeks as a buying opportunity.
Investors have an opportunity to buy the stock and target the MYR 18.5.
PETRONAS Gas : PETRONAS Gas : Attractive price levels
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at MYR 16.62 MYR in weekly data.
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
  • The group usually releases upbeat results with huge surprise rates.
  • The company is one of the best yield companies with high dividend expectations.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • The tendency within the weekly time frame is positive above the technical support level at 16.62 MYR

Weaknesses
  • The company's "enterprise value to sales" ratio is among the highest in the world.

© Zonebourse.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2020 5 632 M 1 379 M 1 379 M
Net income 2020 1 997 M 489 M 489 M
Net cash 2020 603 M 148 M 148 M
P/E ratio 2020 16,9x
Yield 2020 7,12%
Capitalization 33 915 M 8 296 M 8 302 M
EV / Sales 2020 5,92x
EV / Sales 2021 5,87x
Nbr of Employees 1 829
Free-Float 25,5%
Upcoming event on PETRONAS GAS
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 17,91 MYR
Last Close Price 17,14 MYR
Spread / Highest target 24,3%
Spread / Average Target 4,52%
Spread / Lowest Target -1,69%
EPS Revisions
Managers
NameTitle
Kamal Bahrin bin Ahmad Chief Executive Officer, Director, VP-Gas & Power
Adif B. Zulkifli Chairman
Puan Shariza Sharis binti Mohd Yusof Chief Financial Officer
Abdul Halim bin Mohyiddin Independent Non-Executive Director
Habibah binti Abdul Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PETRONAS GAS3.01%8 287
NATURGY ENERGY GROUP, S.A.-11.47%22 642
CHINA GAS HOLDINGS LIMITED-2.57%19 131
ATMOS ENERGY CORPORATION-13.41%12 624
TOKYO GAS CO.,LTD.-0.75%11 091
APA GROUP-4.59%9 186