3 days ago
Petronas Chem rises on CIMB estimates
Petronas Chemicals Group Bhd climbed to a record in Kuala Lumpur trading after CIMB Investment Bank Bhd raised its share estimate on its “superior” growth prospects, bolstered by higher margins.
The stock climbed 1.6 per cent to RM6.94 at 3:41 p.m. The stock has risen 26 per cent this quarter, set to be the second-biggest gainer on the benchmark stock index. The share estimate was raised to RM10 from RM7.25, Terence Wong, an analyst at CIMB, wrote in a report today. -- Bloomberg
Petronas Q3 profit up on unit IPOs
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) posted a RM10.1bil jump in net profit for its third quarter to RM23.7bil owing largely to proceeds from the listing of two subsidiaries on Bursa Malaysia but indicated high annual dividends to the Government will need to be cut in the future.
Oil reserves found off Sarawak’s coast to boost Govt coffers
By SHARIDAN M. ALI
sharidan@thestar.com.my
PETALING JAYA: Petroliam Nasional Bhd (Petronas)’s persistency in exploring for the precious commodity within Malaysia has struck gold with major oil and gas reserves discovered off the coast of Sarawak.
Some 100 million barrels of oil and 2.8 trillion standard cubic feet (tscf) of natural gas were discovered from two exploration blocks there.
sharidan@thestar.com.my
PETALING JAYA: Petroliam Nasional Bhd (Petronas)’s persistency in exploring for the precious commodity within Malaysia has struck gold with major oil and gas reserves discovered off the coast of Sarawak.
Some 100 million barrels of oil and 2.8 trillion standard cubic feet (tscf) of natural gas were discovered from two exploration blocks there.
Petronas to list Petronas Chemicals Group, total assets RM26.89b
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has released the draft prospectus for Petronas Chemicals Group Bhd, formerly Kuantan Terminal Sdn Bhd, which has total assets of RM26.98 billion as at March 31, 2010.
The draft showed Petronas Chemicals posted net profit of RM2.59 billion on the back of RM12.20 billion in revenue for the financial year ended March 21, 2010.
The draft showed Petronas Chemicals posted net profit of RM2.59 billion on the back of RM12.20 billion in revenue for the financial year ended March 21, 2010.
Tengku Razaleigh Hamzah - Petronas Chairman - Part 1
Summary
- The Interview was conducted in Bahasa Malaysia
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.
- The Interview was conducted in Bahasa Malaysia
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.
Tengku Razaleigh Hamzah - Petronas Chairman - Part 2
Summary
- The Interview was conducted in Bahasa Malaysia
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.
[
Download ]
- The Interview was conducted in Bahasa Malaysia
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.
[
Download ] [ Download ]
Download ] Petronas move to list 2 big units welcomed
National oil firm Petroliam Nasional Bhd (Petronas) will list two "sizeable" subsidiaries with good track records on the local stock exchange this year, Prime Minister Datuk Seri Najib Razak said.
Analysts said this was good news for investors, considering that big new listings had been slow in coming to Bursa Malaysia, with sizeable companies like Astro All Asia Networks plc aiming to go private.
Last year, there were just 12 new listings on Bursa Malaysia.
Petronas Chem rises on CIMB estimates
Petronas Chemicals Group Bhd climbed to a record in Kuala Lumpur trading after CIMB Investment Bank Bhd raised its share estimate on its “superior” growth prospects, bolstered by higher margins.
The stock climbed 1.6 per cent to RM6.94 at 3:41 p.m. The stock has risen 26 per cent this quarter, set to be the second-biggest gainer on the benchmark stock index. The share estimate was raised to RM10 from RM7.25, Terence Wong, an analyst at CIMB, wrote in a report today. -- Bloomberg
Petronas Q3 profit up on unit IPOs
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) posted a RM10.1bil jump in net profit for its third quarter to RM23.7bil owing largely to proceeds from the listing of two subsidiaries on Bursa Malaysia but indicated high annual dividends to the Government will need to be cut in the future.
Oil reserves found off Sarawak’s coast to boost Govt coffers
By SHARIDAN M. ALI
sharidan@thestar.com.my
PETALING JAYA: Petroliam Nasional Bhd (Petronas)’s persistency in exploring for the precious commodity within Malaysia has struck gold with major oil and gas reserves discovered off the coast of Sarawak.
Some 100 million barrels of oil and 2.8 trillion standard cubic feet (tscf) of natural gas were discovered from two exploration blocks there.
sharidan@thestar.com.my
PETALING JAYA: Petroliam Nasional Bhd (Petronas)’s persistency in exploring for the precious commodity within Malaysia has struck gold with major oil and gas reserves discovered off the coast of Sarawak.
Some 100 million barrels of oil and 2.8 trillion standard cubic feet (tscf) of natural gas were discovered from two exploration blocks there.
Petronas to list Petronas Chemicals Group, total assets RM26.89b
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has released the draft prospectus for Petronas Chemicals Group Bhd, formerly Kuantan Terminal Sdn Bhd, which has total assets of RM26.98 billion as at March 31, 2010.
The draft showed Petronas Chemicals posted net profit of RM2.59 billion on the back of RM12.20 billion in revenue for the financial year ended March 21, 2010.
The draft showed Petronas Chemicals posted net profit of RM2.59 billion on the back of RM12.20 billion in revenue for the financial year ended March 21, 2010.
Tengku Razaleigh Hamzah - Petronas Chairman - Part 1
Summary
- The Interview was conducted in Bahasa Malaysia
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.
- The Interview was conducted in Bahasa Malaysia
- Tengku Razaleigh explained the difficulties and obstacles in the early stages of Petronas and the needs to amend Akta Kemajuan Petroleum 1974.
- Tengku Razaleigh stressed on why the country's wealth and resources belongs to the rakyat.
Tengku Razaleigh Hamzah - Petronas Chairman - Part 2
Summary
- The Interview was conducted in Bahasa Malaysia
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.
[ Download ]
- The Interview was conducted in Bahasa Malaysia
- He explained the structure of oil royalty between federal and states government.
- He gave example on how and what past tin companies had been doing to the country's reserves.
- He again stressed, for the benefit of the country and rakyat, that Petronas must control and manage oil and gas resources properly.
- He had hoped that, with proper training, our own citizen should be given a role to take part and perform in the oil & gas and other related industry as well, not just a spectator.
[
Download ] [ Download ]
Download ] Petronas move to list 2 big units welcomed
National oil firm Petroliam Nasional Bhd (Petronas) will list two "sizeable" subsidiaries with good track records on the local stock exchange this year, Prime Minister Datuk Seri Najib Razak said.
Analysts said this was good news for investors, considering that big new listings had been slow in coming to Bursa Malaysia, with sizeable companies like Astro All Asia Networks plc aiming to go private.
Last year, there were just 12 new listings on Bursa Malaysia.
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