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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

09/17/2020 | 02:24am EST

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 -2.54% 4.22 End-of-day quote.-1.86%
PETRONAS GAS -0.73% 16.28 End-of-day quote.-5.24%
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Financials
Sales 2021 5 651 M 1 393 M 1 393 M
Net income 2021 2 007 M 495 M 495 M
Net cash 2021 288 M 70,9 M 70,9 M
P/E ratio 2021 16,0x
Yield 2021 4,82%
Capitalization 32 214 M 7 939 M 7 940 M
EV / Sales 2021 5,65x
EV / Sales 2022 5,47x
Nbr of Employees 1 829
Free-Float 25,7%
Chart PETRONAS GAS
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Technical analysis trends PETRONAS GAS
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 17,95 MYR
Last Close Price 16,28 MYR
Spread / Highest target 30,8%
Spread / Average Target 10,3%
Spread / Lowest Target 3,50%
EPS Revisions
Managers and Directors
NameTitle
Abdul Aziz bin Othman Chief Executive Officer & Managing Director
Puan Shariza Sharis binti Mohd Yusof Chief Financial Officer
Adif B. Zulkifli Chairman
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-5.24%7 939
NATURGY ENERGY GROUP, S.A.10.23%24 218
CHINA GAS HOLDINGS LIMITED-1.46%20 394
ATMOS ENERGY CORPORATION-10.14%10 990
TOKYO GAS CO.,LTD.-5.91%9 277
GAIL INDIA LIMITED17.24%8 881