Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

PETRONAS CHEMICALS GROUP BHD (PCGB)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

PETRONAS CHEMICALS BHD : Saudi Aramco to Buy 50% Stake in Malaysian Polymers Producer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/02/2017 | 04:39am CET
   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]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PETRONAS CHEMICALS GROUP B
02/21PETRONAS CHEMICALS BHD : Malaysia`s Petronas Chemicals Group`s 4Q Net Profit Ris..
AQ
02/20Petronas Chemicals 4th-Quarter Net Profit Topped Forecasts
DJ
2017PETRONAS CHEMICALS BHD : Maybank Research has Buy calls on Petronas Chemicals, L..
AQ
2017PETRONAS CHEMICALS BHD : Malaysia's Petronas Chemicals Posts 2.5% Rise in Third-..
DJ
2017PETRONAS CHEMICALS BHD : Aramco seals Malaysia petchem complex deal
AQ
2017PETRONAS CHEMICALS BHD : Saudi Aramco partners with Petronas Chemicals Group on ..
AQ
2017PETRONAS CHEMICALS BHD : Aramco Partners with Petronas to Enhance Projects in Ma..
AQ
2017PETRONAS CHEMICALS BHD : Strategic Partnership Between Aramco, Malaysia’s ..
AQ
2017PETRONAS CHEMICALS BHD : Saudi Aramco Partners With Petronas Chemicals to Enhanc..
AQ
2017PETRONAS CHEMICALS BHD : PCG Shares Slightly Higher At Mid-morning
AQ
More news
News from SeekingAlpha
2015GLOBAL X SOUTHEAST ASIA ETF : Un-Emerging Market 
Financials ( MYR)
Sales 2018 17 574 M
EBIT 2018 4 998 M
Net income 2018 4 271 M
Finance 2018 8 046 M
Yield 2018 2,99%
P/E ratio 2018 15,88
P/E ratio 2019 15,21
EV / Sales 2018 3,25x
EV / Sales 2019 3,11x
Capitalization 65 120 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 8,39  MYR
Spread / Average Target 3,1%
EPS Revisions
Managers
NameTitle
Sazali bin Hamzah President, CEO & Executive Director
Mohamad Arif bin Mahmood Chairman
Rashidah binti Alias Chief Financial Officer
Ross Forrest Gilmour Chief Innovation & Technology Officer
Vimala V. R. Menon Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PETRONAS CHEMICALS GROUP BHD16 625
AIR LIQUIDE-2.09%53 726
SHIN-ETSU CHEMICAL CO LTD-4.87%45 193
PRAXAIR-0.65%43 730
LYONDELLBASELL INDUSTRIES0.46%43 032
GIVAUDAN-3.55%21 413