PetGas seen as attractive investment

Additionally, PetGas is in the value chain that provides access to relatively cleaner gas, said TA Securities. could remain an appealing bet for investors amid the prolonged economic recovery.

“This aligns with the current energy transition trend to cleaner energy alternatives vis-à-vis crude oil derivatives. As such, this enhances its environmental, social and governance rating to attract investors,” the research house said in a report yesterday.PetGas’ Q2 of FY21 net earnings slipped 19% year-on-year to RM463.9mil. Cumulatively, it turned in a core profit of RM990mil for the first half of FY21.

Meanwhile, AmInvestment Bank Research added that the stock currently traded at an attractive FY21 price earnings ratio of 16 times, below its three-year average of 18 times, and offered compelling dividend yields of 8%. Nonetheless, the brokerage is hopeful of an earnings recovery in FY22, given the gradual increase in vaccination rates.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PSM worried Umno eyeing finance minister job to secure GLC postsEPF, Khazanah, and PNB at stake, says Sharan. Worry for what? Winner takes all. Umno-BN is eyeing all high profile ministries. That's why Pas-Bersatu better abandon Ismail Sabri now and go form their own coalition with Pejuang-DAP-PKR-Amanah to take over the Federal Government. Isn't that the whole point of this tebuk asap government?
Source: malaysiakini - 🏆 20. / 51 Read more »

Kelantan secures RM1.6bil investment | New Straits TimesNSTnation The Kelantan state government has secured investments worth RM1.6 billion through six projects last year. Kelantan Investment Development StateAssembly
Source: NST_Online - 🏆 17. / 53 Read more »

Local company creates app to analyse employee morale and happiness | New Straits TimesFEET’S allows employers to quickly access and analyse employee morale and satisfaction by examining their stress, engagement and happiness levels.
Source: NST_Online - 🏆 17. / 53 Read more »