PGAS targets a 2025 gas trading volume of 873-917 BBTUD (+2-8% yoy), driven by rising demand from key industrial zones, while declining supply from the Corridor Block increases reliance on domestically sourced regasified LNG. The company expects its blended distribution margin to stabilise at US$1.6-1.8/MMBTU. PGAS trades at a 25.6% discount to domestic peers and offers a dividend yield of 10.7% for 2025, based on consensus estimates.
Moody's Ratings (Moody's) has affirmed Perusahaan Gas Negara (P.T.)'s (PGN) Baa2 issuer rating and upgraded its Baseline Credit Assessment (BCA) to baa2 from baa3, and maintained the stable outlook. RATINGS RATIONALE "The upgrade of PGN's BCA reflects our expectations that its financial metrics ...
Seven Directors at Perusahaan Gas Negara Tbk PT bought/maiden bought 2,519,200 shares at 1,575.000IDR. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's dire...
Moody's Investors Service has affirmed Perusahaan Gas Negara (P.T.)'s (PGN) Baa2 issuer rating and Baa2 senior unsecured rating. The outlook remains stable. "The affirmation reflects PGN's solid financial metrics and robust liquidity, underpinned by its dominant market position in the country's ...
The independent financial analyst theScreener just lowered the general evaluation of PERUSAHAAN GAS NEGARA (ID), active in the Gas Distribution industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date December 21, 2021, the closing price was IDR 1,410....
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Rating Action: Moody's affirms PGN's Baa2 ratings; outlook stable. Global Credit Research- 17 Jun 2021. Singapore, June 17, 2021-- Moody's Investors Service has today affirmed Perusahaan Gas Negara' s Baa2 issuer rating and its Baa2 senior unsecured rating.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Perusahaan Gas Negara. Global Credit Research- 20 May 2021. Singapore, May 20, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Perusahaan Gas Negara and other ratings that are associated with the same analytical unit.
1Q21 net income rose 29% yoy to US$62m due to US$30m income from JVs and a forex gain of US$9m. This boosted earnings as revenue declined 16% yoy to US$733m and EBIT dropped 30% yoy to US$96m. The gas price cut, which took effect in Apr 20, reduced PGAS’ gas distribution margin by 32% yoy to US$1.6/mmbtu. PGAS currently trades at 5.2x EV/EBITDA vs its five-year average of 6.0x. Maintain BUY with a target price of Rp1,500.
GREATER CHINA Sector Aviation: 1Q21: Weaker-than-expected results; street has yet to price in likelihood of full-year losses. INDONESIA Results Perusahaan Gas Negara (PGAS IJ/BUY/Rp1,245/Target: Rp1,500): 1Q21: US$30m net income from JVs and US$9m forex gain lead to 29% yoy net income growth. Maintain BUY. Unilever Indonesia (UNVR IJ/BUY/Rp5,900/Target: Rp8,000): 1Q21: In line with our expectation but slightly ahead of street estimate. MALAYSIA Results Duopharma Biotech (DBB MK/HOLD/RM2.93/Tar...
Perusahaan Gas Negara (PGAS IJ/BUY/Rp1,245/Target: Rp1,500): 1Q21: US$30m net income from JVs and US$9m forex gain lead to 29% yoy net income growth. Maintain BUY. Unilever Indonesia (UNVR IJ/BUY/Rp5,900/Target: Rp8,000): 1Q21: In line with our expectation but slightly ahead of street estimate. TRADERS’ CORNER Bank BTPN Syariah (BTPS IJ): Technical BUY Bank Tabungan Negara (BBTN IJ): Technical BUY
GREATER CHINA Economics Money Supply: Signs of a broadening in consumption recovery. Strategy Strategy For 2Q21: We recommend buying into the theme of increased demand for automation, premiumisation and digitalisation, upstream sectors and exposure to re-opening of the US economy from the COVID-19 lockdown. Sector Steel: Record-high profitability amid strong steel market; upgrade to OVERWEIGHT. Update Alibaba Group (BABA US/BUY/US$223.31/Target: US$334.00): SAMR penalty decision finally settled;...
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