BFM 89.9

Podcast  >  Morning Run  >  Market Watch  >  Petronas Stays Conservative

Petronas Stays Conservative

Kong Ho Meng, Senior Analyst, UOB Kay Hian

25-Aug-16 09:20

Petronas Stays Conservative

Petronas 2Q'16 net income decreased 96% y.o.y to RM348 million on the back of impairment losses amounting to RM7 billion from its Gladstone LNG Project. Although cost-cutting measures by the group are beginning to yield results on its operating cashflows, this might be counterbalanced by a dividend payout target of RM16b. Kong Ho Meng of UOB Kay Hian expects poor earnings visibility for the 2H'16 as Petronas remains selective on award of new contracts. Bumi Armada is the top pick.

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.


Tags:  PetronasBumi ArmadaGladstonecrude oilLNGOil and Gas

Share this podcast

Play / Pause

Listen now : Popek Popek Parlimen

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

(LIVE) H. E. Dr. Peter Blomeyer, German Ambassador to Malaysia

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

People, Planet, Profit

10:05 AM

Open For Business

Jan Willem Smulders, Chairman, Ideas Academy

11:05 AM

Resource Centre

Hetal Doshi, Founder, O-Psych

12:00 PM

Enterprise Biz Bytes

Chris Humprey, Executive Director of the EU-ASEAN Business Council

1:00 PM

The Breakfast Grille Repeat

H. E. Dr. Peter Blomeyer, German Ambassador to Malaysia

2:05 PM

Live & Learn

Budget 2023: Addressing the Needs of Women

3:05 PM

Today I Learned

Women, Life, Freedom: Iran Uprising Explained

4:05 PM

Health & Living

Major Tom to Ground Control: Understanding How Bones Age

5:00 PM

Popek Popek Parlimen

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture Throwback

Some Like It Hot

8:05 PM

By The Book

The Bookers Through The Years

9:00 PM

Bar None