The US$27 billion (RM113.13 billion) refining and petrochemical complex of Petroliam Nasional Bhd (Petronas) in Pengerang is 42% ready, as the national oil and gas giant remains on track for operations to commence in the first-half of 2019 (1H19).
Read moreDowngrade to underperform with a lower target price of 50 sen: The results for the first half ended Aug 31, 2016 came in below expectations with core net earnings of RM13.2 million, accounting for only 31% and 32% of our and market consensus full-year estimates, respectively. The deviation was mainly due to lower-than-expected sales of pipes, valves and fittings (PVF) and weaker trading margins. A second interim net dividend per share of 0.5 sen was declared in the first quarter ended May 31, 2016 (1QFY17), which was also below our expectations due to the weaker earnings.
Read moreKUALA LUMPUR, Oct 17 (Bernama) -- PETRONAS’ Pengerang Integrated Complex (PIC) reinforces its commitment to health, safety and environment (HSE) by organising a health awareness programme on 15 October 2016 for residents in Pengerang, Johor, in conjunction with World Mental Health Day.
Read morePETALING JAYA: Oil and gas services provider KNM Group Bhd has sealed a guarantee facility for its guaranteed bonds for up to 2.78 billion baht (RM235.19mil) from Credit Guarantee and Investment Facility (CGIF).
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