- Net Income: Petronas Gas reported a net income of 456.6 million ringgit for the first quarter of 2024.
- Revenue: The company’s revenue for the same period was 1.62 billion ringgit.
- Earnings Per Share (EPS): Earnings per share were recorded at 23.08 sen.
- Analyst Ratings: The stock received 5 buy ratings, 10 hold ratings, and no sell ratings.
A look at Petronas Gas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Petronas Gas shows a promising long-term outlook. With above-average scores in key factors such as Dividend, Resilience, and Momentum, the company seems well-positioned to provide stable returns to investors while maintaining a strong financial position. Petronas Gas‘s operations in processing and distributing natural gas components, coupled with its utility trading to petrochemical plants, indicate a resilient business model that can weather market fluctuations.
Despite facing moderate scores in Value and Growth, Petronas Gas‘s overall outlook remains positive thanks to its solid performance in dividend payments, resilience in the face of challenges, and strong momentum in the market. Investors looking for a reliable investment with a focus on dividends and stability may find Petronas Gas an attractive option in their portfolio.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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