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

PETRONAS GAS

(PETGAS)
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Southeast Asia stocks: Singapore gains for third straight session; others slip amid holiday lull

12/24/2019 | 12:06am EST

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.
BYD COMPANY LIMITED -1.29% 245.8 End-of-day quote.20.96%
CHANGE INC. -0.15% 3380 End-of-day quote.-4.11%
G J STEEL PUBLIC COMPANY LIMITED 0.00% 0.2 End-of-day quote.25.00%
JARDINE STRATEGIC HOLDINGS LIMITED 3.01% 27.04 End-of-day quote.8.68%
LETS HOLDINGS GROUP CO., LTD. 1.58% 7.72 End-of-day quote.-0.77%
LOOK HOLDINGS INCORPORATED -1.07% 921 End-of-day quote.-3.76%
PETRONAS GAS 0.36% 16.7 End-of-day quote.-2.79%
SET -1.10% 1519.13 Real-time Quote.4.81%
SINGAPORE TELECOMMUNICATIONS LIMITED -0.79% 2.5 End-of-day quote.7.76%
SNAP INC. 2.61% 50.31 Delayed Quote.0.48%
TOP GLOVE CORPORATION BHD. 0.78% 6.42 End-of-day quote.4.90%
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Financials
Sales 2020 5 639 M 1 393 M 1 393 M
Net income 2020 2 014 M 498 M 498 M
Net cash 2020 471 M 116 M 116 M
P/E ratio 2020 16,3x
Yield 2020 7,32%
Capitalization 33 045 M 8 182 M 8 165 M
EV / Sales 2020 5,78x
EV / Sales 2021 5,74x
Nbr of Employees 1 829
Free-Float 25,6%
Chart PETRONAS GAS
Duration : Period :
PETRONAS Gas Technical Analysis Chart | PETGAS | MYL6033OO004 | MarketScreener
Technical analysis trends PETRONAS GAS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 18,04 MYR
Last Close Price 16,70 MYR
Spread / Highest target 27,5%
Spread / Average Target 8,02%
Spread / Lowest Target 0,90%
EPS Revisions
Managers and Directors
NameTitle
Abdul Aziz bin Othman Chief Executive Officer & Managing Director
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-2.79%8 182
NATURGY ENERGY GROUP, S.A.5.75%23 294
CHINA GAS HOLDINGS LIMITED3.57%21 445
ATMOS ENERGY CORPORATION-5.66%11 347
TOKYO GAS CO.,LTD.-2.31%9 895
APA GROUP-0.93%8 706