Media Centre

Kuala Lumpur: Petroliam Nasional Bhd (Petronas) berjaya memasang reaktor Ethylene Oxide (EO) terbesar bagi loji penapis minyaknya yang sedang dibina dalam Kompleks Bersepadu Pengerang (PIC).

Maintain buy with an unchanged fair value (FV) of RM8.35: We maintain our “buy” recommendation on Petronas Chemicals Group Bhd (PetChem) with an unchanged FV of RM8.35 per share based on a financial year 2018 (FY18) forecast enterprise value to earnings before interest, taxes, depreciation and amortisation of eight times, on a par with its three-year average.

PETROLIAM Nasional Bhd (Petronas) has stated many times that when it undertakes projects such as the Petronas Refinery and Petrochemical Integrated (Rapid) project in Pengerang, Johor, it makes an investment decision without having to depend on joint venture partners.

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) is selling a 50% stake in wholly-owned unit PRPC Polymers Sdn Bhd to Saudi Arabian Oil Co’s (Saudi Aramco) subsidiary under a planned estimated US$900 million (RM3.8 billion) deal to share in the polymer unit’s business risk.