RHBInvest Research Sector Call

Thursday, June 9, 2011

Sector Call

Oil & Gas : Petronas 4QFY11 Results- Overweight

Sector Update

  • Petronas’ 4QFY3/11 YTD net profit of RM54bn was up 36.1% yoy mainly on the back of: 1) Higher realised prices of its liquefied natural gas (LNG), petroleum products and crude oil; and 2) Higher sales volume of its petroleum products and petrochemicals. Cumulative tax exempt dividend for 31 March 2011 amounts to RM42bn.
Downstream segment does best on a YTD yoy basis primarily due to:

1) Improved refining margins; and

2) Higher margin recorded by the petrochemical business.


Post a Comment

Related Posts with Thumbnails

About This Blog

To learn better Bursa Malaysia Stock Market & build up My Portfolio.

Current stock in my portfolio:
1) Hupseng
2) Glomac
3) Masteel
4) Supermax
5) Cocoland
6) Xinquan

Unit Trust Price


  © Blogger template On The Road by Ourblogtemplates.com 2009

Back to TOP