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Petgas- revenue stream set for a quantum leap?
by hlk Mon 11 Jul 2011, 18:03
Over the next 2 years, Petgas will undertake the following developments:
1) to build a LNG regas terminal in Pengerang, Johor as part of Petronas's rapid project;
2) to build a LNG regas terminal in Sabah to supply gas to a new gas-fired power plant to be built on the east coast of Sabah;
3) to build a LNG plant in Melaka (costing RM1.4 billion);
4) to refurbish Gas Processing Plants 1 & 2 (costing RM1 billion); and
5) to build a power plant under JV in Kimanis, Sabah (costing RM540 million).
These additional capex means that Petgas's future revenue stream should increase sharply. The big question is whether the increased top-line & bottom-line have been fully reflected in its share price. Looking at the monthly chart (plotted on log scale), Petgas could potentially hit the parallel line (at RM15.00) to the current uptrend line (both lines are in blue colour). Can it break above that resistance? Let's wait & see.
Posted by Alex Lu
1) to build a LNG regas terminal in Pengerang, Johor as part of Petronas's rapid project;
2) to build a LNG regas terminal in Sabah to supply gas to a new gas-fired power plant to be built on the east coast of Sabah;
3) to build a LNG plant in Melaka (costing RM1.4 billion);
4) to refurbish Gas Processing Plants 1 & 2 (costing RM1 billion); and
5) to build a power plant under JV in Kimanis, Sabah (costing RM540 million).
These additional capex means that Petgas's future revenue stream should increase sharply. The big question is whether the increased top-line & bottom-line have been fully reflected in its share price. Looking at the monthly chart (plotted on log scale), Petgas could potentially hit the parallel line (at RM15.00) to the current uptrend line (both lines are in blue colour). Can it break above that resistance? Let's wait & see.
Posted by Alex Lu
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