Analyst Research Report Snapshot

Title:

Results Note – PGas (REDUCE, maintain) - Maiden contribution from Melaka regas plant

Price:

$23.00

Provider:

Affin Investment Bank

Date:

22 Aug 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

PGAS.KL

Available for Immediate Download
Summary:

Headline 2QFY13 doubled to RM945m due to RM592m RGT tax allowances The Group reported a strong 2QFY13 headline net profit of RM944.9m as a result of a RM591.6m investment tax allowance granted for its LNG Regasification Terminal in Melaka. Stripping this out, 2QFY13 core net profit was relatively flat at RM370.4m (+2.3% yoy; +1.9% qoq). This brings 1HFY13 core net profit to RM742.3m (-16.1% yoy) – accounting for 48% of Affin and street estimates. The Group also declared an interim net DPS of 15 sen (net yield of 0.7%). We hold out for a full year net DPS of 70 sen (net yield of 3.5%).

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.