Source Pravda.Ru

Analyzing Merits Of Petronas Gas Bhd

K&N Kenanga has raised the revised net asset value (RNAV) of Petronas Gas, whose stock price closed at RM5.95 on Friday, to RM6.55 a share based on a turnaround in its centralised utility facilities (CUF) business, strength of gas demand from the power sector and commencement of new raw gas supplies from West Natuna.

For the first three months to June 30, Petronas Gas reported a 41% jump in group pre-tax profit to RM206.2mil.

Turnover was 17% higher at RM540.3mil, up from RM462.1mil previously. Net profit stood at RM147.7mil, an improvement of 41% over RM104.4mil in the previous corresponding quarter.

From the K&N Kenanga point of view higher revenues from its CUF business and higher gas throughput volumes had helped boost earnings. Average gas throughput volumes rose above the 2,000 mmscfd mark, which had triggered additional variable flow rate revenues.

Delivery of raw gas from Indonesia’s West Natuna field will enable Petronas Gas to ramp up gas production levels, enabling the company to earn additional revenues from additional flow rate charges when gas throughput volumes exceed the 2,000 mmscfd mark.

Petronas Gas has over RM1.2bil in its share premium account and over RM3bil in its retained earnings. The expectations are close to bonus but nothing’s certain.

©

&to=http://www.petronas.com.my/internet/corp/corpweb3.nsf' target=_blank>PETRONAS

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Comments
Putin in Egypt: Who's the big player in the Middle East?
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Russia leaves Syria, but USA stays, to spend some more
Turkey's Erdogan urges others to recognise Jerusalem as capital of Palestine
US military men depressed over of Russia's new T-5000 sniper rifle
Donbass without militia will be worse than Srebrenica - Putin
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin makes first comment on Trump's Jerusalem decision
North Korea declares victory over USA
Tel Aviv, Jerusalem, capitals and puppets
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Donbass without militia will be worse than Srebrenica - Putin
USA no longer wants Bashar Assad to go
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Visit to Moscow: Tillerson takes secret offer for Putin