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[公司专区] 5681 PETDAG & 6033 PETGAS 国油贸易&国油气体

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发表于 2011-2-16 18:50 | 显示全部楼层
thais 发表于 2011-2-16 18:42



    你没把上面的部分放上来,这楼有6033和5681

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发表于 2011-2-16 23:42 | 显示全部楼层
PetDag 3Q net profit up 26pct to RM236.16m

KUALA LUMPUR: PETRONAS DAGANGAN BHD [] net profit for the third quarter ended Dec 31, 2010 rose 26.1% to RM236.16 million from RM187.25 million a year earlier, driven by higher product average selling prices and sales volume.

The company said on Wednesday, Feb 16 that the higher net profit was also due to lower operating costs.

Revenue for the quarter rose to RM5.93 billion from RM5.34 billion. Earnings per share were 23.8 sen, while net assets per share was RM4.60.

On its prospects, PetDag said market demand conditions remained challenging due to the weaker economic growth prospects in the last quarter of its financial year.

“However, the market leadership will continue to be maintained with continuous strategic marketing efforts and initiatives. Efforts to improve margin will continue through cost optimisation and operation efficiency initiatives.

“Profits for the current financial year however may be impacted by fluctuations in international oil price, petroleum product costing and global economy,” it said.

http://www.theedgemalaysia.com/b ... ct-to-rm23616m.html

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发表于 2011-2-16 23:42 | 显示全部楼层
Petronas finds new O&G fields offshore Sarawak

KUALA LUMPUR: State-controlled Petroliam Nasional Bhd (Petronas) has made a major oil and gas (O&G) discovery after commencing drilling works at NC3 and Spaoh-1 wells in Blocks SK316 and SK306 respectively, offshore Sarawak.

The oil major said in a statement yesterday that the successful drilling of the NC3 wildcat well in March 2010 and a subsequent appraisal well, indicated a significant discovery for the national oil company in Block SK316 with early estimates at 2.6 trillion standard cubic feet (tscf) of net gas in place.

“The Spaoh-1, well located in Block SK306, shows similar promise. It was drilled in December 2010 and found both oil and gas,” the national oil company said on Monday.

Petronas pointed out that preliminary evaluation indicated about 100 million stock tank barrels (mmstb) of oil and 0.2 tscf of gas in place respectively. Currently, the well is being prepared for production testing.

“These discoveries support Petronas’ strategy to intensify exploration activities in Malaysia and are expected to further enhance potential offshore Sarawak,” it added.
Datuk Shamsul Azhar Abbas reportedly said there were 106 marginal oilfields in the country.

Datuk Shamsul Azhar Abbas reportedly said there were 106 marginal oilfields in the country.

According to Petronas’ 2010 annual report, Malaysia’s total average production (crude oil, condensates and natural gas) in the year ended March 31 dipped 1.7% to 1.63 million barrels of oil equivalent (boe) per day  from 1.66 million boe previously.

As at Jan 1, 2010, Malaysia’s total reserves (crude oil, condensates and natural gas) stood at 20.56 billion boe, up 1.9% from 20.18 billion boe in the same period a year ago due to upward revision in existing fields, resulting from new Enhanced Oil Recovery projects as well as additions from new discoveries.

In its annual report Petronas’ added that crude oil and condensates reserves increased 5.1% to 5.80 billion boe while natural gas reserves increased to 14.76 billion boe from 14.66 billion boe. The reserves replacement ratios for the year was 1.6 times.

Petronas noted on Monday that over 50 exploration wells were expected to be drilled offshore Malaysia in the next three years by the national oil company and its production sharing contractors (PSCs).

It stressed that drilling activities, especially if they resulted in discoveries, were expected to spur business opportunities in O&G industry and would promote upstream investment in the country.

Several O&G counters advanced following Petronas’ latest announcement with SapuraCrest Petroleum Bhd rising 4.4% or 15 sen to close at RM3.55 on Monday to be among the top gainers on Bursa Malaysia.

Other O&G stocks that rose on Monday include Petronas Gas Bhd,  rising six sen to RM11.10,  Petronas Dagangan Bhd, up two sen to RM12.24, KNM Group Bhd three sen to RM2.91, Tanjung Offshore Bhd one sen to  RM1.62, Dialog Group Bhd three sen to RM2.11 and Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) nine sen to RM6.21.

Petronas last month announced it would develop marginal oilfields to boost Malaysia’s oil production, with the initial four clusters via service contracts and not the normal PSCs. It is estimated that the development costs for a marginal oilfield is about US$800 million (RM2.44 billion)

The state-controlled oil major’s president and CEO Datuk Shamsul Azhar Abbas was reported to have said there were 106 marginal oilfields that collectively contained 580 million boe in the country.

He said a salient point in contract governing marginal fileds was that companies needed to have at least 30% local equity participation.

In a separate development, ECMLibra Investment Research said the O&G sector continued to be vibrant with news flow on upstream activities and abroad, adding it expected that such flow to persist in the second quarter of 2011 as many major jobs have yet to be rolled out.

“Going into February, we view that there should be more announcements on the Sepat and Cendor phase 2 marginal fields. We are also expecting some talks on deepwater Kebabangan and Malikai going into 2QCY11 and also jobs from the Tapis Redevelopment project,” it said in a research note dated Feb 14.

ECM Libra maintained its “overweight” call on the sector and favoured SapuraCrest Petroleum Bhd and KNM Group Bhd to be its top picks.

The research house also said there were views among offshore support vessel players that charter rates might be back on the rise after many months of languishing below the US$1.80 per brake horse power (bhp) level.

“We view that the upcoming eight vessel tenders from Petronas for the support of marginal fields may lead the way for rate increases albeit the tender is for an ultra long-term charter (over five years),” added ECM Libra.

http://www.theedgemalaysia.com/i ... fshore-sarawak.html

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发表于 2011-2-17 17:14 | 显示全部楼层
Petronas Dagangan sees challenging 4Q despite 3Q net profit rising 26%

KUALA LUMPUR: Petronas Dagangan Bhd is anticipating a challenging close to its 2011 financial year despite its third quarter ended Dec 31, 2010 (3QFY11) net profit rising 26.13% to RM236.16 million from RM187.25 million a year ago.

In announcing its financial results yesterday, Petronas Dagangan attributed its strong 3Q performance to higher sales and higher average selling prices but said it was anticipating challenging market conditions in its 4Q ending March 31, 2011 due to weaker economic growth prospects.

“Profits for the current financial year may be impacted by fluctuations in international oil price, petroleum product costing and the global economy,” Petronas Dagangan said in the notes accompanying its financial results released yesterday.

In 3Q, Petronas Dagangan’s revenue grew 11.14% to RM5.93 billion from RM5.34 billion a year ago while pre-tax profit increased 29.18% to RM331.9 million from RM256.92 million before, mainly attributed to lower operating expenditures.

Earnings per share (EPS) for the quarter was 23.8 sen, up from 18.8 sen a year ago.

As at Dec 31, 2010, the company’s net assets per share stood at RM4.60.

Petronas Dagangan attributed the improved results compared with the preceding quarter to higher gross profit arising from the lag gain effect and higher sales volume.

For the nine months, Petronas Dagangan’s net profit grew 8.36% to RM641.27 million from RM591.83 million, while revenue strengthened 10.58% to RM16.89 billion from RM15.27 billion a year ago.

Petronas Dagangan shares closed at RM12.50 yesterday, hovering near its all-time high of RM12.56 on Feb 9.

In a separate announcement, Petronas Dagangan said its non-independent non-executive director Jan Hendrik Badenhorst had resigned with effect from yesterday.

http://www.theedgemalaysia.com/i ... ofit-rising-26.html

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发表于 2011-2-17 17:18 | 显示全部楼层
New marine lubricants from PetDagang

KUALA LUMPUR: Petronas Dagangan Bhd (PetDagang) yesterday launched its Nautimar Fishing Boat Oil (FBO) in two grades, Ultimo CI-4 15W-40 and Super CF-4 20W-50. The new lubricants, created after two years of research, are designed for deep-sea fishing boats and marine applications .

PetDagang says it is confident the Nautimar FBOs will help it penetrate the marine industry while letting the local fishing community experience greater performance and smoother boat rides.

Mohd Shobri A Bakar, its lubricants division general manager said: “These are invaluable products to the fishing community. We anticipate sales from these products will help us gain a larger market share in this sector.”

He said the products will be made available through the National Fishermen’s Association, Persatuan Nelayan Kawasan and appointed dealers. Plans are also in place to market the product in Sabah and Sarawak through Persatuan Nelayan Negeri Sarawak and Ko Nelayan as well as dealers from PDB’s existing and new networks.

http://www.theedgemalaysia.com/i ... from-petdagang.html

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发表于 2011-2-18 22:24 | 显示全部楼层
PetDagang heading for a record quarter

Petronas Dagangan Bhd
(Feb 17, RM12.70)
Maintain outperform at RM12.50 with target price RM15.40: Petronas Dagangan’s (PetDagang) record quarterly net profit of RM236 million for 3QFY11 took 9M bottom line to an all-time high of RM641 million. At 73% of our full-year forecast, it met our expectations as we anticipate a stronger 4Q. However, at 82% of consensus numbers, it beat market expectations. The absence of an interim dividend was expected. We maintain our forecasts and continue to value the stock at our target market PER of 14.5 times, leading to an unchanged target price of RM15.40. PetDagang remains an “outperform” based on the potential re-rating catalysts of: (i) leadership in the retail and lubricant segments; (ii) an overseas venture; and (iii) earnings upgrades by the market. Its 6.8% dividend yield, the highest in the sector locally and the second highest regionally, adds to the attraction.

Net profit in 3Q rose 26% year-on-year (y-o-y), thanks to an improvement in volume and margin supported by a bigger petrol station network and higher vehicle population. Furthermore, the steady movement of the oil price in October to December helped stabilise the selling prices of products that do not come under the automatic pricing mechanism. These positive factors boosted earnings before interest and tax (Ebit) margin to 5.5%, the highest since 1QFY10’s 5.8%.

The government raised the selling price of RON 95 petrol by 5 sen per litre in December while the price of RON 97 petrol was adjusted upwards twice by 5 sen in November and 15 sen in December. However, the price increases did not have a major impact on sales volume as the increases were not unexpected.

Furthermore, the double hikes for RON 97 affected mostly high-end users with performance cars. An estimated 75% to 80% of motorists use RON 95, which is kept affordable at RM1.90 per litre. RON 97 retails at RM2.50 per litre.

PetDagang is Malaysia’s No 1 petroleum retailer. It is also tops in the commercial and LPG segments. However, the company still trails behind Shell in the retail and lubricant segments. Management targets to wrest the retail leadership position from Shell within three years. In the lubricant segment, where it is a late entrant, PetDagang aims to be the leader in five years.

PetDagang is currently mandated to operate only in Malaysia. However, this may change as management is mulling the possibility of operating outside Malaysia. In addition to the eventual reality of hitting a saturation point, we believe its interest in widening its market exposure may have been triggered by the likelihood of full deregulation of the domestic market. — CIMB Research, Feb 17

http://www.theedgemalaysia.com/i ... record-quarter.html

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发表于 2011-3-2 23:31 | 显示全部楼层
支付政府300億股息
馬石油第三季淨賺237億


(吉隆坡2日訊)各大業務表現亮麗,帶動馬石油(Petronas)第三季淨利按年躍升74.3%,達237億令吉,讓首三季淨利增長39.8%,至502億令吉;賺幅維持在40%左右。

截至去年12月底,馬石油已支付300億令吉股息給政府。

馬石油總裁兼總執行長拿督三蘇阿茲哈阿峇斯指出,截至去年12月底第三季,營業額年增12.4%,報600億令吉。

他今日在馬石油第三季財務匯報會說,9個月的累積營業額達1756億令吉,按年上升15.8%。

他指出,油價走高和油產量增加,是推高業績主因。

值得一提的是,馬石油旗下各企業的第三季財報均表現不俗。

其中馬石油化工(PCHEM,5183,主要板工業)表現最亮麗,淨利按年勁漲1.6倍至8億7400萬令吉。

馬石油天然氣(PETGAS,6033,主要板工業)淨利則漲超過50%,報4億74萬令吉,馬石油貿易(PETDAG,5681,主要板貿易)淨利年增26%至2億3620萬令吉。

另外,馬石油截至去年9月底首半財年淨賺265億800萬令吉,按年揚升19%,營業額按年增長18%到1155億4500萬令吉。

http://www.chinapress.com.my/con ... mp;art=0303bs08.txt

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发表于 2011-3-3 14:34 | 显示全部楼层
资本开销高·令吉走势强 国油派不出更高股息
2011/03/03 9:51:37 AM
●南洋商报

(吉隆坡2日讯)尽管国际原油高涨至100美元以上有望提高国家石油(Petronas)收入,但在更高的资本开销打击下,可能会导致它无法向政府派发更高股息。

国油总裁兼总执行长拿督三苏阿兹哈在业绩汇报会上向媒体指出,未来5年更高的资本开销以及令吉兑美元汇率走强冲击下,难以维持现有股息水平。

他说:“资本开销将从2011年3月31日财年的400亿令吉、未来5年内提高至500亿到550亿令吉。”

他解释,资本开销走高主要是因油田趋成熟,致力维持现有石油产量下,不得不提高支出。

上市子公司不筹资

三苏阿兹哈也强调,虽然更高的资本开销影响集团的营运,但国油不会通过上市子公司进行筹资。

三苏阿兹哈说:“任何资本开销的融资,将从集团的营运收入中支出。”

国油(Petronas)拥有6家上市子公司包括国油石化(PChem,5183,主板工业产品股)、国油气体(PetGas,6033,主板工业产品股)、国油贸易(PetDag,5681,主板贸服股)、城中城产业(KLCCP,5089,主板产业股)、海事重工(MHB,5186,主板贸服股)和马国际船务(MISC,3816,主板贸服股)。

承诺今年派息300亿

较早前,国油承诺将在2011财年向政府拨出300亿令吉为股息,与过去两个财年一致。

“国油将在本财年维持承诺,向政府派发300亿令吉股息。然而,未来我们无法再承担派发更高股息。”

三苏阿兹哈指出,尽管今年业绩更胜往年,而且油价也因中东政治动荡而攀高,但令吉强势侵蚀国油更高的盈利。

截至2010年12月31日第三季,国油取得237亿令吉净利,按年涨74.3%,上财年同期为136亿令吉。

排除两家子公司上市计划所取得的一次性获利93亿令吉,实质增长为5.9%或144亿令吉。

首三季净利破500亿

该季度上市的两家子公司,分别为海事重工和国油石化。

国油第三季营业额为600亿令吉,按年涨12.4%,上财年同期为534亿令吉。

与此同时,截至2010年12月31日首三季净利502亿令吉,按年涨39.8%,上财年同期为359亿令吉;营业额则从1516亿令吉,增长15.8%至1756亿令吉。

排除上市获利,首三季净利为409亿令吉,按年涨13.9%。

link:http://www.nanyang.com/Newscente ... mp;sID=7&cID=10

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发表于 2011-3-7 22:59 | 显示全部楼层
Petronas’ RM250b boost for O&G

KUALA LUMPUR: Amid rising crude oil price, Petroliam Nasional Bhd’s (Petronas) plan to spend RM250 billion in capital expenditure (capex) over the next five years has given the oil & gas (O&G) sector another boost and may springboard certain companies back to profitability.

The national oil company’s president Datuk Shamsul Azhar Abbas had said last week the RM250 billion would be used in exploration activities as well as the replacement of ageing refinery assets and petrochemical plants in an effort to sustain its current level of production.

O&G players that posted losses in 4Q10 ended Dec 31, namely Tanjung Offshore Bhd, Alam Maritim Resources Bhd and Petra Perdana Bhd, could benefit from the Petronas’ capex plan which might see an increase in drilling activities and more new offshore support vessels.

Tanjung posted a net loss of RM116,000 in 4Q10  from a net profit of RM614,000 a year ago. However, the group said in notes accompanying its results that it expects to continue enhancing its service to the oil majors in their exploration, development of new oilfields as well as maintenance of existing and new offshore platforms.

Alam Maritim, which registered a net loss of RM49.61 million in 4Q10 compared with a net profit of RM36.41 million in 4Q09, is confident of sustaining its business operations with the expectation that demand for O&G support services in Malaysia will remain healthy.
Petra Perdana expects to see a pick-up in activities in the O&G industry.

Petra Perdana expects to see a pick-up in activities in the O&G industry.

Despite a RM18.34 million net loss in 4Q10 from a net profit of RM4.05 million a year ago, Petra Perdana, which has almost completed its fleet renewal programme, expects to see a pick-up in activities in the O&G industry with effects showing from 2011 onwards in increased demand for offshore support services.

The three stocks advanced marginally last Friday with Tanjung rising 2.8% or four sen to RM1.48, Alam Maritim 1.7% or 1.5 sen to 92.5 sen and Petra Perdana 6.2% or five sen to 86 sen. Currently, Tanjung and Alam Maritim are trading above their net assets per share of RM1.26 and 60 sen respectively as at Dec 31, while Petra Perdana is below its net assets per share of RM1.12.

Year-to-date, Tanjung’s shares have contracted 5.7% while that of Alam Maritim and Petra Perdana have also declined 6.5% and 18.8%, respectively. However, of the seven stockbroking firms tracking Tanjung polled by Bloomberg, there was one “buy” call and six “sell”.

In comparison, Bloomberg indicated five “buy” recommendations, one “hold” and four “sell” of the 11 stockbroking firms tracking Alam Maritim, while Petra Perdana received five “buy” calls, one “hold” and five “sell”.

Commenting on the RM250 billion capex, Citi Investment Research & Analysis said the projected annual capex of RM50 billion over the next five years was huge and would be positive for fabricators.

“Although the national oil company did not offer a split between domestic and overseas spending, by comparison the total RM250 billion capex plan is 49% above the RM168 billion spent in the last five years,” it said in a research note.

Citi said the capex, with a focus on “replacing ageing assets”, was likely for onshore and offshore facilities in the east coast of Peninsular Malaysia and in Sarawak. It pointed out that prime beneficiaries could be Malaysian fabricators like Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), Kencana Petroleum Bhd and Muhibbah Engineering (M) Bhd.

“Equipment makers like KNM Group Bhd and companies located in Sarawak i.e. KKB Engineering Bhd could also benefit,” the research house added.

Maintaining an “overweight” call on the O&G sector, RHB Research Institute expects the domestic sector to remain vibrant given that Petronas has already committed to a capex of RM40 billion for FY11 ending March 31 and RM250 billion over the next five years with heightened focus on the domestic exploration and production.

It also said the sector was one of the national key economic areas (NKEA), stressing that key themes to watch out for in the near term were companies taking a stake in upcoming marginal oilfield awards, and increased M&As as companies consolidated to gear up for the upcycle in the sector.

“Our top picks are Petronas Chemicals Group Bhd for the positive outlook on the petrochemicals business and Dialog Group Bhd for the company’s robust fundamentals and conservative management,” RHB Research said in a research note.

Most O&G-related stocks rose last Friday with KNM climbing 19 sen to RM2.59 with 23.37 million shares traded. SapuraCrest Petroleum also rose three sen to RM3.45, KKB Engineering four sen to RM2.07, Dialog one sen to RM2.20, Petronas Chemicals four sen to RM6.33, Petronas Gas Bhd four sen to RM11.80 and Dayang Enterprise Holdings Bhd two sen to RM1.98.

MHB and Kencana Petroleum were unchanged at RM6.40 and RM2.51, respectively.

For its 3Q11 ended Dec 31, Petronas reported a net profit of RM23.7 billion versus RM13.6 billion a year ago while revenue rose to RM60 billion from RM53.4 billion buoyed by higher prices of crude oil. The national oil company acknowledged that its largest contributor was a one-time gain of RM9.3 billion from the public offer of its subsidiaries namely MHB and Petronas Chemicals in October and November respectively last year.

http://www.theedgemalaysia.com/i ... -boost-for-oag.html

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发表于 2011-3-7 23:00 | 显示全部楼层
O&G: Petronas’ 3Q results up 14% on-year

Oil and Gas sector
Maintain overweight: Petronas’ 3QFY11 till March year-to-date (YTD) net profit of RM35 billion (excluding an extraordinary gain of RM9.3 billion) was up 14% year-on-year (y-o-y) on the back of higher revenue from: (i) Higher realised prices of liquefied natural gas (LNG), petroleum products and crude oil; and (ii) Higher sales volume of its petroleum products and petrochemicals. In terms of segmental performance the downstream segment posted the highest YTD y-o-y gains (+32.4%) due to: (i) Improved refining margin; and (ii) Higher margin recorded by the petrochemical business.

During the quarter, the group completed the listings of both Malaysia Marine and Heavy Engineering Bhd and Petronas Chemicals Group. Post-listing, it currently owns 41.6% and 64.3% respectively in the companies. The listings resulted in a net gain of RM9.3 billion.

Overall, we believe the results are satisfactory given that average Malaysian crude prices (3QFY11: US$87.10/bbl [RM264.78]; 2QFY11:US$77.30/bbl and 3QFY10: US$81.6/bbl) had increased by 12.7% on a quarter-on-quarter (q-o-q) basis and 6.7% on a y-o-y basis.

We believe that in an environment of rising crude oil prices, the downstream segment would most likely be the best performer given that Petronas’ petrochemicals arm currently has a competitive gas-based structure. We highlight that effective April 2011, the group will change its financial year-end from March to December.

We expect the domestic sector to remain vibrant given that: (i) Petronas has already committed to a capex expenditure of RM40 billion for the year and RM250 billion over the next five years, with heightened focus on the domestic exploration and production; and (ii) The sector is one of the national key economic areas. Key themes to watch out for in the near term are companies taking a stake in upcoming marginal oilfield awards, and increased M&A as companies consolidate to gear up for the upcycle in the sector. Our top picks are PetChem (“outperform”, fair value: RM7.27) for the positive outlook on the petrochemicals business and Dialog Group Bhd (“outperform”, fair value: RM2.82) for the company’s robust fundamentals and conservative management. — RHB Research, March 3

http://www.theedgemalaysia.com/i ... -up-14-on-year.html

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发表于 2011-3-7 23:11 | 显示全部楼层
Petronas faces dividend payout vs capex dilemma

KUALA LUMPUR: While the world worries about high oil prices fuelling inflation, a saving grace for Malaysia is that Petroliam Nasional Bhd (Petronas) should probably reap record earnings soon.

Consequently, public coffers should expand as crude oil prices increase. Quite simply, high oil prices should lift Petronas’ earnings, and in turn the national oil firm would be able to pay out generous dividends to the federal government.

But its top brass does not share the view considering the challenges ahead in sustaining oil output while maintaining the hefty gross profit margin of 40% and above.

One of the highlights at the quarterly results briefing yesterday was the revelation of the urgent need to spend RM250 billion in capital expenditure (capex) over the next five years, which works out to RM50 billion annually.

With the large capex in the pipeline, Petronas president Datuk Shamsul Azhar Abbas told the media he doubts the national oil company could afford the “high dividend payout ratio”.

Its dividend payout surged to a historical high of 74.4% for FY10 ended March 31, from 57% and 39% in FY09 and FY08 respectively. Petronas’ payout ratio is generally substantially higher than the average oil majors as well as other national oil firms.

Petronas paid RM30 billion in dividends to the federal government in FY10. For FY11, it has so far declared RM14 billion. The group’s contribution make up about 40% of the country’s coffers.

The RM250 billion capex  is mainly meant for exploration and production (E&P) activities and the replacement of the ageing refinery assets and petrochemical plants. The annual capex is the highest since FY06, if not in its corporate history. It budgeted RM40 billion for FY11.

Shamsul stressed that Petronas has to spend on exploration to sustain oil output given the maturing local oilfields. “If nothing is done now, over the next 10 to 12 years, all the refineries would be out of stock,” he added. According to Shamsul, E&P costs quadrupled during the period between 2001 and 2009, but returns for the oil majors had halved.

Over 60% of the major producing oilfields in the country have an average lifespan of 26 years. Given the reality that the “easy oil era” is ending, Shamsul reiterated that it would become more expensive for exploration and development activities to replenish depleting reserves.

In January last year, the country’s oil and gas reserves stood at about 20.56 billion barrels of oil equivalent, of which 5.8 billion barrels were crude oil and condensates, and the balance natural gas. On top of rising E&P costs, Shamsul pointed out that Petronas also needs to allocate capex to replace ageing production and downstream facilities.

He said the capex on replacing the ageing assets would be “huge”. “The huge sum spent on replacing these assets would not generate earnings (instantly) but we have to do it.”

Nonetheless, Shamsul, who took office last February, did not show any concern over the funding of the huge capex in coming years. “We will try to spend the capex without eating into our cash reserve,” he said.

Petronas’ cash reserve stood at RM102 billion as at Dec 31, 2010.  With a strong balance sheet and a gearing ratio of 27.8%, it should have little problem raising fresh funds from the capital market, if the need arises.

http://www.theedgemalaysia.com/i ... -capex-dilemma.html

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发表于 2011-3-7 23:12 | 显示全部楼层
Petronas to invest RM250b next 5 years

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), whose earnings in the third quarter ended Dec 31, 2010 (3QFY11) were hurt by the strong ringgit, plans to invest RM250 billion in exploration activities and the replacement of ageing assets over the next five years in order to sustain its current level of production.

The national oil company reported a net profit of RM23.7 billion for the quarter versus RM13.6 billion a year ago. Revenue grew to RM60 billion from RM53.4 billion buoyed by higher prices of crude oil.

Speaking at a media briefing yesterday, Petronas president Datuk Shamsul Azhar Abbas said the five-year investment plan would be internally funded. “Significant capital expenditure will be required to maintain the integrity of our ageing assets,” he said, adding that 60% of its major producing oilfields have an average age of 26 years.

According to him, the discoveries of new fields last year were 43% lower than that in the previous year.

Shamsul said moving forward, Petronas would rely on aggressive exploration and seek to expand the role of its international portfolio. He stressed that the latter contributed to only 10% to 15% of profits.

Annual investments between RM50 billion and RM55 billion for the next five years would focus on replacing ageing assets. This compares with RM40 billion budgeted for capital expenditure in the current financial year.

Commenting on Petronas’ earnings, Shamsul acknowledged that the largest contributor was a one-time gain of RM9.3 billion from the public offering of its subsidiaries, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) and Petronas Chemicals Group Bhd (PetChem), in October and November respectively last year

Proceeds from the IPO were directed towards obtaining more assets, as total assets rose 4.8% to RM430.5 billion, and intensifying exploration and production activities.

Excluding the exceptional gain of RM9.3 billion, Petronas’ quarterly earnings would have been flattish compared with a year ago, dragged down by the sharp appreciation of the ringgit against the greenback.

Reviewing the 3Q results, executive vice-president of finance Datuk George Ratillal said the benefits from the higher crude oil prices were partly negated by the strong local currency.  

Shamsul assured that Petronas’ pre-tax profit would hit RM80 billion in FY11. He added that there would be no more listing exercises involving its subsidiaries. “We have done our part to list two units in such a short span of time. I don’t think we have any more subsidiary to list,” he replied to questions on further listing exercises in the group.  

When asked about the trend in crude oil price, Shamsul said: “Crude prices are likely to remain volatile, with the combination of political turmoil in oil producing countries, coupled with unresolved European economic woes and rising inflationary concerns of emerging economies.”

During the October-December period in 2010, the ringgit rose 0.71% to a high of 3.0635 against the US dollar, compared with the 3.40 level in the previous corresponding period. Petronas’ Tapis Blend hit a year’s high of US$89.20 (RM272.06) per barrel in October and averaged US$87.54 during the quarter.

For the nine months ended Dec 31, 2010, RM34.4 billion in dividends were issued following a payout of RM30 billion for the previous financial year. Shamsul said the group would not be able to maintain the high payout ratio.

Exploration and production as well as gas and power remained the top contributors, responsible for 38.8% and 32.3% respectively, of the group’s operating profit, with the rest derived from downstream and corporate activities.

On the group’s operations in the Middle East, Shamsul said there was little disruption from the political crisis there. Shamsul also said the group would change its financial year-end from March 31 to Dec 31, effective April this year. The group’s listed entities of PetChem, MHB, Petronas Dagangan Bhd, Petronas Gas Bhd, MISC Bhd and KLCC Property Holdings Bhd will undergo a similar change.

http://www.theedgemalaysia.com/i ... b-next-5-years.html

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发表于 2011-3-21 21:42 | 显示全部楼层
Petronas to ship additional LNG supplies to Japan

KUALA LUMPUR: Petroliam Nasional Bhd is increasing its supplies of liquefied natural gas (LNG) to Japan to mitigate the shortage in that country after the earthquake and tsunami on March 11.

Expressing its sympathy over the tragedy, Petronas said on Saturday, March 19 it was committed to assist in  mitigating the difficult situation, one of which was through LNG supplies into Japan.

“Currently Petronas is liaising with its Japanese counterparts to supply immediate additional LNG cargoes from its LNG portfolio sources.

“Petronas is also working with its buyers in the Far East, who are not affected by the quake and tsunami, on possible cargoes swaps, advancements and diversions to cater for the increase in LNG requirements,” it said.

http://www.theedgemalaysia.com/b ... plies-to-japan.html

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发表于 2011-3-21 23:58 | 显示全部楼层
馬石油貿易
推出新燃油


報導:邱佩勛

(吉隆坡21日訊)馬石油貿易(PETDAG,5681,主要板貿易)將推出以第一方程式(F1)燃油科技研發的“神秘燃油”!

馬石油貿易指出,公司採用第一方程式燃油科技,研發出革新的燃油,並稱之為“神秘燃油”(The Mystery Fuel)。

配合這項新燃油的推出,該公司特意邀請媒體,在週三(23日)體驗新燃油的素質與動力。

目前,市面上出售的燃油,主要有柴油、RON95和RON97無鉛汽油。

為了減輕政府龐大的補貼負擔,政府去年決定逐步削減燃油及白糖補貼,國內燃油價格也因此開始逐步調漲。

其中,RON 95汽油將繼續獲得政府補貼,確保售價受到控制。但RON97汽油將不再享有補貼,售價將繼續隨著國際原油價格波動而作出調整。

目前,每公升RON 95汽油售價為1.90令吉,RON 97汽油售價為2.40令吉。

http://www.chinapress.com.my/con ... mp;art=0322bs06.txt

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发表于 2011-3-23 22:38 | 显示全部楼层
技術分析短期趨揚
馬石油貿易走高


(吉隆坡23日訊)馬石油貿易(PETDAG,5681,主要板貿易)今日走勢亮眼,盤中一度勁漲30仙,攀進10大上升股榜,技術分析顯示,該股短期揚升動力足,獲建議“短線買進”。

馬石油貿易今早11時18分開始首宗交易,上揚10仙,以14.90令吉報開,爾后直線向上,短短半小時即勁起18仙或1.2%,衝上14.98令吉,直至休市仍維持在早盤最高14.98令吉,半日易手10萬9300股。

另一方面,馬銀行投資銀行技術分析圖顯示,該股目前的向上動力仍充足,短期料持續走挺。

“馬石油貿易1月間曾滑落至11.90令吉水平,觸及超賣(oversold)訊號,爾后更在此區間築底,目前技術圖指標,包括順勢指標(CCI)、動向指數(DMI)及平滑異同移動均線指標(MACD)仍呈上升趨勢,短期內料持續走高。”

從技術看來,該行建議“短線買進”馬石油貿易;該股止損水平(stop-loss)落在13.80令吉。

“該股強力支撐水平落在13.80令吉至14.80令吉區間;上漲阻力則為15.60令吉。”

午盤間,馬石油貿易走勢仍凌厲,閉市時收在15.02令吉,漲22仙,成交量84萬6800股。

http://www.chinapress.com.my/con ... mp;art=0324bs04.txt

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发表于 2011-3-31 22:38 | 显示全部楼层
收購資產 國油貿易續飆漲

(吉隆坡31日訊)分析報告指出,國油貿易(PETDAG,5681,主板貿服股)將會收購資產以加強其零售網絡,這消息促使該公司股價今日上漲近6%,再創新高水平。該公司股價已連續上漲了4天,更在週四閉市寫下16.50令吉的歷史新高紀錄。

該股在早盤以15.78令吉開市,並一度走高至15.69令吉。該股在尾盤直線飆升,以16.50令吉的全日最高價位掛收,全日上漲90仙或5.77%,成交量共170萬4900股,成為全場漲幅最大股項。

聯昌國際投資銀行分析員在報告中指出,國油貿易是零負債公司並擁有10億令吉的現金,因此有足夠的能力收購資產,以加強其零售網絡。該投行也指出,國油貿易股價有上漲的空間。

而另一項由達證券分析員撰寫的報告也指出,國油貿易管理層透露,除了維持在各項業務市場的領先地位之外,該公司也專注攫取更大的零售市場份額。該公司計劃會在每個財政年設立30個零售點,特別是沙巴及砂拉越。

該公司也預期,零售市場將進一步成長,來自政府計劃(如依斯干達經濟特區、砂拉越再生能源走廊及MRT捷運計劃)、潤滑油及船運領域針對柴油的需求將上升。

此外,由於日本天災導致飛機燃油價格上漲,這有可能令賺幅縮小。儘管如此,達證券預測,飛機燃油銷量將上升,因為在2011財政年,遊客成長將達到8%,進而令到飛行次數增加。

該公司也正落實成本削減計劃以改善其賺幅,同時計劃通過管理庫存水平來優化運作資本。

無論如何,該股股價上個月已經上漲超過15%,達證券分析員認為,該公司短期內缺乏催化劑,因此下調評級至「守住」惟上調目標價格至17.24令吉。

http://www2.orientaldaily.com.my ... qbO0aPc44Ca0yhf1YIt

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发表于 2011-4-3 15:36 | 显示全部楼层
手持10億收購資產
國油貿易擬擴展零售網絡

業績評論 2011-03-31 19:09

(吉隆坡31日訊)國油貿易(PETDAG, 5681, 主板貿服組)有意收購資產擴展旗下零售網絡,因零售領域為未來業務成長主要動力,特別是需要攫取更多來自政府計劃下的柴油、潤滑油及船運業領域的市場需求,進一步推高未來業務成長。

根據國油貿易管理層出席聯昌研究的“大馬油氣日大會”透露,該公司目前沒有負債,並擁有10億令吉現金,因此會尋求適合資產進行收購,目標除了油站,也包括全國的散裝貨倉和其他燃料設備。

蜆殼東馬天然氣公司
或成收購目標


聯昌表示,據知,蜆殼石油(SHELL, 4324, 主板工業產品組)有意退出東馬的液化天然氣市場,有可能成國油貿易收購目標。

股價創新高

收購資產的利好消息刺激股價,使全日高漲90仙或是5.76%至16令吉50仙的歷史新高水平。

全天成交量做170萬4千900股。

國油貿易預料有能力進行資產收購加強及擴大零售業務,因為零售領域的市場競爭最為激烈,與主要對手蜆殼石油市佔率不分上下,各佔約33%水平。

達證券指出,該公司將設法在大部份業務領域保持領導地位,特別是專注擴大零售領域市場分額。

國油貿易在商業領域遙遙領先,佔市場總額的60%;2011年次季,旗下零售業務曾一度短暫超越蜆殼石油,促銷活動是零售領域業務表現的關鍵。

日本大地震推高航空燃油價格,可能使公司賺幅萎縮。管理層表示,將推出成本措施計劃以改善賺幅及通過管理存貨水平,儘量改善營運資本。

達證券認為,自日本爆發大地震海嘯之後,飛機燃油價格至今已揚升2.4%,從每桶130.7美元至133.8美元,這主要是市場擔心缺乏燃油供應,因生產飛機燃油工廠受破壞。

飛機燃油領域或虧損

這使國油貿易可能在2011年財政年第四季的飛機燃油領域蒙受落後虧損,因為於上個月報價,惟成本卻是當前市價計算;反觀零售汽油及柴油的存貨卻取得更高的賺益。

國油貿易截至2011年財政年第三季,營運盈利賺幅保持在去年一樣水平游走。管理層沒有特別透露削減成本的措施,惟對淨利影響並不顯著。

雖然銷售量走高(主要是零售汽油價格調高)及每銷售每公升產品的固定盈利配額,惟預料對賺幅的影響不會顯著。該公司在零售汽油、柴油及液化天然氣的每公升銷售的固定盈利配額,分別是5仙、2.25仙及11.35仙。

達證券表示,該公司股價已沖升至歷史新高,並在短短1個月內揚升15.6%,由於短期缺乏新催化因素,因此調低評級。

http://biz.sinchew-i.com/node/45582?tid=18

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 楼主| 发表于 2011-4-6 11:21 | 显示全部楼层
Malaysia to price all crude on dated Brent from June 1
Mon Apr 4, 2011 5:39am GMT

* Petronas to price its crude on 100 percent Platts dated Brent

* Drops APPI on volatility, divergence from world marker

* To start selling June cargoes under new prices (Adds comments)

By Florence Tan

SINGAPORE, April 4 (Reuters) - Malaysia's Petronas will switch to dated Brent as the basis for pricing its crude after falling output and volatility made the previous benchmark it had put in place more than a decade ago unreliable, trade sources said on Monday.

The state owned company informed its customers that it will price all crude such as flagship Tapis on 100 percent dated Brent assessment from oil pricing agency Platts from June 1, they said. June cargoes will start trading this month.

The move would homogenise and simplify a fragmented pricing structure in Asia, user of a third of global crude, extending Brent's influence as a cross-continent price marker beyond the 70 percent of world supplies that now use it as a reference.

"Brent is growing in Asia, picking up market share against local sweet benchmarks," Mike Davis, a director of the IntercontinentalExchange Inc told Reuters.

He added that when new fields come on stream, they will need a benchmark.

"We are seeing a trend for more usage of Brent for physical contracts, commercial management, hedging risk," said Davis, director of market development at ICE Futures Europe.

The change was due to Tapis APPI's volatility and because it "decouples from the world marker", a source familiar with the matter said.

A Reuters survey in August last year showed traders expected Brent to replace regional benchmarks such as the Asia Petroleum Price Index (APPI) and Indonesia Crude Price (ICP) by 2012. [ID:nSGE67Q01I]

Crude and condensate from Australia, Papua New Guinea and East Timor are now sold on dated Brent after gradually moving away from APPI in 2009.

VOLATILE APPI

Local markers suffer from low liquidity as output declines at aging fields, with prices frequently diverging from global benchmarks, traders and analysts had said.

Volatile prices have deterred refiners from purchasing crude based on the regional benchmarks while sellers are worried that they are not getting the best value for their output.

Hong Kong-based Seapac Services Ltd., manager of the APPI, has twice tweaked the methodology used in assessing Tapis prices to curb volatility. [ID:nL3E7DF089]

The company narrowed the range of prices used in the assessments in May last year and had to set a price band against Brent.

The APPI is used to price more than 1 million barrels a day of crude produced in Malaysia, Brunei and Vietnam.

Output of Malaysian light sweet benchmark Tapis has fallen to around 190,000 barrels per day (bpd) from a peak of more than 350,000 bpd in the 1990s. Most of the output is kept for refining by equity producers ExxonMobil and national oil company Petronas, leaving little for the spot market. (Additional reporting by Francis Kan and Luke Pachymuthu; Editing by Manash Goswami)

© Thomson Reuters 2011 All rights reserved

source: http://af.reuters.com/article/en ... 0BG20110404?sp=true

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发表于 2011-4-20 17:17 | 显示全部楼层
Petronas gets US$2b for stake in India crude producer

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will receive US$2 billion (RM6 billion) cash from the divestment of its 14.9% stake in Cairn India Ltd, which is involved in crude oil production in India.

It is understood that Petronas would realise a gain of US$1 billion from the divestment as the national oil company invested about US$1 billion in the company’s IPO at 160 rupees per share in 2006.

A source familiar with the divestment said Petronas’ stake was sold at 331 rupees (RM22.50) a share, a 1.53% discount to its Monday closing price of 336.15 rupees. Bank of America-Merrill Lynch was the sole adviser and book runner for the deal.

“It makes sense for Petronas to divest its stake in Cairn India after seeing its investment double from US$1 billion. There has been a lot of talk as well of Cairn India being privatised and that is perhaps why Petronas was looking to exit the company,” the source told The Edge Financial Daily.

The share sale is seen as being in line with Petronas’ strategy to hive off non-strategic or non-performing assets abroad.  

As at Dec 31, 2010, Petronas’ cash balance was RM103 billion.

Cairn is listed on the Bombay Stock Exchange. The company operates India’s largest onshore oil field in Mangala in the desert state of Rajasthan in northwest India.

It holds 10 production-sharing contracts with the Indian government and other exploration companies. It also owns oil blocks in Sri Lanka.

In August last year, UK-listed Vedanta Resources Ltd, controlled by billionaire Anil Agarwal, made a general offer of 355 rupees (RM24.29) per share for all Cairn India shares subsequent to its proposed purchase of a 40% to 51% stake in the oil driller from Cairn Energy plc.

Earlier this month, the deal came to a standstill when the Indian cabinet referred the deal to a ministerial panel for a decision.

The issue is considered sensitive in India as Cairn India is not required to make royalty payments like its partner Oil and Natural Gas Corp Ltd (ONGC), which pays 20% of the sale price of its oil to the government.

The hiccup by the Indian cabinet prompted some investment analysts to downgrade Cairn India’s stock.

http://www.theedgemalaysia.com/i ... crude-producer.html

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发表于 2011-4-21 22:15 | 显示全部楼层
Petronas signs unitisation agreement with Malaysia-Thailand Joint Authority

KUALA LUMPUR: Petroliam Nasional Bhd has a unitisation agreement with the Malaysia-Thailand Joint Authority (MTJA) for the gas field straddling across Block PM 301 in the northeast coast of Peninsular Malaysia and Block A-18 in the Malaysia-Thailand Joint Development Area.

In a statement Thursday, April 21, Petronas sad the agreement for the Bumi field in Block PM 301 and the Bumi South field in Block A-18 firmed up the heads of agreement signed between the two parties in January 2008.

“The unitisation agreement gives Petronas rights to the reserves in the unitised area, which has an estimated ultimate recovery of 1.252 trillion standard cubic feet of gas.

“The agreement augurs well with Petronas’ efforts towards ensuring the sustainability and security of national gas production and supply,” the national oil company said.

At the the signing ceremony for the unitisation agreement held in Kuala Lumpur today, Petronas was represented by its vice president of petroleum management Ramlan A. Malek, and MTJA by its CEO Suriyan Aphiraksatyakul.

http://www.theedgemalaysia.com/b ... int-authority-.html

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