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Crude to rebound on recovering global economies
KUALA LUMPUR: Kenanga Research is expecting worse to come for Petronas Dagangan Bhd in 1QFY21 following the negative impact to 4QFY20 earnings by the reimposition of the movement control order in January 2021.
KUALA LUMPUR: Genetec Technology Bhd, AwanBiru Technology Bhd, SMTrack Bhd, Pimpinan Ehsan Bhd, My E.G. Services Bhd, Careplus Group Bhd and Petronas Dagangan Bhd are among the stocks to watch on Monday, according to JF Apex Research.
KUALA LUMPUR: Petronas Dagangan Bhd (PDB) posted a lower net profit of RM276mil in its financial year ended Dec 31,2020 (FY20) compared to RM829.54mil a year earlier as it was affected by external challenges including the sharp decline in petroleum product prices at the start of the year and the ensuing Covid-19-related movement restrictions.
KUALA LUMPUR: Fuel retailer Petronas Dagangan Bhd reported a drop in earnings during the last quarter ended Dec 31 due to lower sales volume and warned of the tough start to the new year.
In conjunction with Chinese New Year, Petronas Dagangan Bhd (PDB) has curated a bundle of treats to spread love and joy during these challenging times.
THE focus this week will be on corporate earnings as more companies are due to release their results for the fourth quarter of last year.
THE finance ministry on Wednesday announced it will cap fuel prices below 2019 levels as the benchmark Brent crude futures reached its highest in 13 months.