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4-Traders Homepage  >  Equities  >  BURSA MALAYSIA  >  PETRONAS CHEMICALS GROUP BHD    PCGB   MYL5183OO008

PETRONAS CHEMICALS GROUP BHD (PCGB)
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PETRONAS CHEMICALS BHD : Saudi Aramco to Buy 50% Stake in Malaysian Polymers Producer

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10/02/2017 | 04:39am CEST
   By Gaurav Raghuvanshi 
 

Saudi Arabian Oil Co. has signed a deal to buy a 50% equity stake in a polymers-producing unit of Malaysia's Petronas Chemicals Group Bhd. (5183.KU) for about $900 million.

The sale will allow the Malaysian company, PRPC Polymers Sdn. Bhd., to share the project and operational risks with Saudi Aramco, which will supply up to 70% of the crude oil the plant will use, Petronas Chemicals said in a statement to Bursa Malaysia on Monday.

The Malaysian company said the deal will allow it to leverage on Saudi Aramco's experiences in execution, implementation and operation of similar large scale and integrated petrochemical projects, as well as free up capital for other projects.

Earlier this year, Saudi Aramco said it will invest $7 billion for a 50% stake in a refinery and petrochemicals project in southern Malaysian state of Johor being built by Petroliam Nasional Bhd., Malaysia's state oil company.

PRPC's polymers project is a part of the refinery and cracker project in the fishing town of Pengerang bordering Singapore.

Write to Gaurav Raghuvanshi at [email protected]

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News from SeekingAlpha
05/22Petronas Chemicals Group Bhd 2018 Q1 - Results - Earnings Call Slides 
2015GLOBAL X SOUTHEAST ASIA ETF : Un-Emerging Market 
Financials ( MYR)
Sales 2018 17 917 M
EBIT 2018 5 083 M
Net income 2018 4 265 M
Finance 2018 8 621 M
Yield 2018 3,06%
P/E ratio 2018 16,22
P/E ratio 2019 15,57
EV / Sales 2018 3,27x
EV / Sales 2019 3,14x
Capitalization 67 200 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 8,88  MYR
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Sazali bin Hamzah Chief Executive Officer & Managing Director
Mohamad Arif bin Mahmood Chairman
Rashidah binti Alias Chief Financial Officer
Ch'ng Guan How Chief Innovation & Technology Officer
Vimala V. R. Menon Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PETRONAS CHEMICALS GROUP BHD16 796
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%100 800
AIR LIQUIDE3.62%53 670
PRAXAIR0.77%45 445
LYONDELLBASELL INDUSTRIES0.63%43 528
SHIN-ETSU CHEMICAL CO LTD-16.18%38 799