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

PETRONAS GAS

(PETGAS)
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Petronas Gas : Unit to Raise Up to MYR3.0 Billion via Islamic Bond

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09/17/2020 | 02:24am EDT

By Chester Tay

A unit of Petronas Gas Bhd. is raising up to 3.0 billion ringgit ($726.3 million) via Islamic bonds to repay debts and redeem preference shares.

Pengerang LNG (Two) Sdn Bhd., which is 65%-owned by the gas company, will issue 30-year bonds under a Sukuk Murabahah program, Petronas Gas said in a filing Thursday.

The bonds have been assigned an indicative rating of AAA by Malaysian Rating Corp. Bhd., the company said.

Pengerang LNG will also use the proceeds to pay jetty usage fees at Pengerang Terminals in Malaysia's Johor state and as working capital.

CIMB Investment Bank Bhd. is the sole principal adviser, lead arranger and lead manager for the program, Petronas Gas said. CIMB Islamic Bank Bhd. is the Shariah adviser.

 

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

 

Stocks mentioned in the article
ChangeLast1st jan.
CIMB GROUP HOLDINGS 0.00% 3.08 End-of-day quote.-40.19%
PETRONAS GAS -1.10% 16.24 End-of-day quote.-2.29%
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Financials
Sales 2020 5 629 M 1 357 M 1 357 M
Net income 2020 1 931 M 465 M 465 M
Net cash 2020 549 M 132 M 132 M
P/E ratio 2020 16,5x
Yield 2020 7,46%
Capitalization 32 135 M 7 732 M 7 747 M
EV / Sales 2020 5,61x
EV / Sales 2021 5,53x
Nbr of Employees 1 829
Free-Float 25,5%
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Technical analysis trends PETRONAS GAS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 17,68 MYR
Last Close Price 16,24 MYR
Spread / Highest target 31,2%
Spread / Average Target 8,86%
Spread / Lowest Target -1,48%
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 GAS-2.29%7 818
NATURGY ENERGY GROUP, S.A.-23.57%19 026
CHINA GAS HOLDINGS LIMITED-24.66%14 796
ATMOS ENERGY CORPORATION-14.55%11 792
TOKYO GAS CO.,LTD.-9.26%10 060
APA GROUP-6.94%8 737