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    PETGAS   MYL6033OO004

PETRONAS GAS BERHAD

(PETGAS)
  Report
End-of-day quote BURSA MALAYSIA  -  2022-06-23
16.20 MYR   -0.37%
06/22Petronas Gas Awards EPCC Deal to Carimin Engineering, I Drill Pipelines
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06/03PETRONAS GAS BERHAD : Ex-dividend day for interim dividend
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Southeast Asia stocks: Singapore gains for third straight session; others slip amid holiday lull

12/24/2019 | 12:06am EDT

Trade-sensitive Singapore shares extended gains for a third straight session on Tuesday, buoyed by lingering optimism about an interim U.S.-China trade deal, while other Southeast Asian stock markets were down in subdued trade ahead of holidays.

A recent spate of positive developments have pointed towards a de-escalation of a trade conflict between the world's two-largest economies.

The benchmark Singapore index, which will trade for a shorter session ahead of the Christmas holiday, was buoyed by telecom and industrials.

Jardine Strategic Holdings was up as much as 0.8%, while Singapore Telecommunications rose 0.9%.

However, investors in most other markets are choosing to wait until next year to see how long the current thaw in Sino-U.S. relations lasts.

"Granted, there were bright spots with the White House suggesting that the "Phase-1" deal is within grasp... but the tough "Phase-1" negotiations reveal that further progress would require significant concessions on both sides, which lifts the bar for further trade gains," Vishnu Varathan, a senior economist at Mizuho Bank, said in a note.

Losing the most in the region, Malaysian equities saw their worst session in five days, with utilities and healthcare weighing down on the index in thin trading.

Index heavyweights Petronas Gas and Top Glove Corporation Bhd fell about 3% and 1% respectively.

Thailand stocks shed as much as 0.3%, a day after central bank governor raised concerns about the economy, signalling room for further rate cuts.

"The outlook moving forward remain gloomy as the country's effort to control currency appreciation by cutting key interest rates, among others has no significant impact," an MIDF Research note said.

Industrials and telecom were the biggest drag on the index, with G J Steel PCL being the top percentage loser on it.

The Vietnam index was set to snap three straight sessions of gains, dragged down by industrials and financials.

Meanwhile, Philippine and Indonesian markets were closed until Wednesday.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS AS AT 0339 GMT

Market Current Previous close Pct Move

Singapore 3223.28 3214 0.29

Bangkok 1571.04 1573.57 -0.16

Kuala Lumpur 1607.93 1614.18 -0.39

Ho Chi Minh 955.87 959.43 -0.37

Change so far in 2019

Market Current End 2018 Pct Move

Singapore 3223.28 3068.76 5.04

Bangkok 1571.04 1563.88 0.46

Manila 7872.6 7,466.02 5.45

Jakarta 6305.91 6,194.50 1.80

Kuala Lumpur 1607.93 1690.58 -4.89

Ho Chi Minh 955.87 892.54 7.10

By Shruti Sonal


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
G J STEEL PUBLIC COMPANY LIMITED 7.50% 0.43 End-of-day quote.-12.24%
PETRONAS GAS BERHAD -0.37% 16.2 End-of-day quote.-10.00%
SET INDEX THAILAND 0.72% 1568.76 Real-time Quote.-5.36%
SINGAPORE TELECOMMUNICATIONS LIMITED 2.38% 2.58 Delayed Quote.11.21%
SNAP INC. 5.45% 14.7 Delayed Quote.-68.74%
TOP GLOVE CORPORATION BHD. 0.00% 1.05 End-of-day quote.-59.46%
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Financials
Sales 2022 5 688 M 1 293 M 1 293 M
Net income 2022 1 929 M 438 M 438 M
Net cash 2022 762 M 173 M 173 M
P/E ratio 2022 16,7x
Yield 2022 5,18%
Capitalization 32 055 M 7 287 M 7 287 M
EV / Sales 2022 5,50x
EV / Sales 2023 5,55x
Nbr of Employees 1 829
Free-Float 25,0%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 16,20 MYR
Average target price 18,44 MYR
Spread / Average Target 13,8%
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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-10.00%7 287
NATURGY ENERGY GROUP, S.A.-6.22%27 213
ATMOS ENERGY CORPORATION2.17%15 186
APA GROUP14.31%9 431
TOKYO GAS CO., LTD27.69%8 447
CHINA GAS HOLDINGS LIMITED-27.90%8 037