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PETROLIAM Nasional Bhd (Petronas), which recorded a weaker financial performance in its second quarter for the financial year 2012, is aiming to substantially beef up its capital expenditure (capex) moving forward.
ICON Offshore Bhd is coming to the market at a price-to-earnings multiple of 18 to 19 times its estimated 2014 earnings – a premium over the sector average of 13 times.
KUALA LUMPUR: CIMB Equities Research is maintaining its Underperform rating on MISC with an unchanged target price of RM4.68, which is based on a 30% discount to the sum-of-parts.
KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) net profit rose 38% to RM21.06bil in the second quarter ended June 30, 2014 from RM15.26bil a year ago but weaker crude oil prices would weigh on its earnings in the second half.
KUALA LUMPUR: Petroliam Nasional Bhd posted a marginal drop in net profit to RM15.26bil in the second quarter ended June 30, 2013 on-year.