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    PETGAS   MYL6033OO004

PETRONAS GAS BERHAD

(PETGAS)
  Report
End-of-day quote BURSA MALAYSIA  -  2022-08-08
17.30 MYR   +1.05%
07/01PETRONAS Gas Berhad Announces Resignation of Puan Shariza Sharis Binti Mohd Yusof as Chief Financial Officer
CI
07/01PETRONAS Gas Berhad Appoints Encik Shahrul Azham Bin Sukaiman as Chief Financial Officer
CI
06/22Petronas Gas Awards EPCC Deal to Carimin Engineering, I Drill Pipelines
MT
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Petronas Gas : Unit to Raise Up to MYR3.0 Billion via Islamic Bond

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 BERHAD 0.19% 5.29 End-of-day quote.-2.94%
PETRONAS GAS BERHAD 1.05% 17.3 End-of-day quote.-3.89%
All news about PETRONAS GAS BERHAD
07/01PETRONAS Gas Berhad Announces Resignation of Puan Shariza Sharis Binti Mohd Yusof as Ch..
CI
07/01PETRONAS Gas Berhad Appoints Encik Shahrul Azham Bin Sukaiman as Chief Financial Office..
CI
06/22Petronas Gas Awards EPCC Deal to Carimin Engineering, I Drill Pipelines
MT
06/21PETRONAS Gas Berhad Announces Award of Contract
CI
06/03PETRONAS GAS BERHAD : Ex-dividend day for interim dividend
FA
05/20Petronas Gas' Profit Drops, Revenue Rises in Q1; Shares Down 3%
MT
05/19TRANSCRIPT : PETRONAS Gas Berhad, Q4 2022 Earnings Call, May 20, 2022
CI
05/19Petronas Gas Berhad Approves First Interim Dividend for the Financial Year Ending 31 De..
CI
05/19PETRONAS Gas Berhad Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
05/19Petronas Gas Berhad Announces the Appointment of Mek Yam @ Mariam Binti Hassan as Compa..
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Analyst Recommendations on PETRONAS GAS BERHAD
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Financials
Sales 2022 5 688 M 1 278 M 1 278 M
Net income 2022 1 929 M 433 M 433 M
Net cash 2022 762 M 171 M 171 M
P/E ratio 2022 17,9x
Yield 2022 4,85%
Capitalization 34 232 M 7 690 M 7 690 M
EV / Sales 2022 5,88x
EV / Sales 2023 5,94x
Nbr of Employees 1 829
Free-Float 25,1%
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Technical analysis trends PETRONAS GAS BERHAD
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 17,30 MYR
Average target price 18,44 MYR
Spread / Average Target 6,56%
EPS Revisions
Managers and Directors
Abdul Aziz bin Othman Chief Executive Officer, MD & Director
Puan Shariza Sharis binti Mohd Yusof Chief Financial Officer
Adnan Zainal Abidin Chairman
Habibah binti Abdul Senior Independent Non-Executive Director
Abdul Razak Bin Abdul Majid Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
PETRONAS GAS BERHAD-3.89%7 690
NATURGY ENERGY GROUP, S.A.-2.03%27 565
ATMOS ENERGY CORPORATION10.03%16 127
APA GROUP19.28%9 868
CHINA GAS HOLDINGS LIMITED-25.93%8 317
TOKYO GAS CO., LTD21.97%8 077