KLCI Stock - PETGAS / 6033 - 2010 Quarter 3

Market Cap : 19,332,210,809.55 (09 April 2010)
NTA per share : 3.9495
P/B : 2.4737

OSK Target Price: 13.81
My Target Price: 10+0.5 = 10.5 (PE 20, EPS 0.5, DPS 0.5)
My decison: BUY
My Comment: Crude Oil price increasing, cost reducing

My study based on 2010 Quarter 3 report (number in '000):-
- The decrease of revenue due to lower throughput. The increase in profit was mainly due to lower cost of revenue
- Estimate next 4Q eps after 2010 Q3 result announced = 0.5(0.37+0.13), estimate PE on current price 9.77 = 17.54(DPS 0.5)
- Estimate next 4Q eps after 2010 Q2 result announced = 0.47, estimate highest/lowest PE = 20.21/19.26 (DPS 0.5)
- Estimate next 4Q eps after 2010 Q1 result announced = 0.47, estimate highest/lowest PE = 20.21/19.47 (DPS 0.5)
- Estimate next 4Q eps after 2009 Q4 result announced = 0.47, estimate highest/lowest PE = 21.06/19.15 (DPS 0.5)
- Estimate next 4Q eps after 2009 Q3 result announced = 0.47, estimate highest/lowest PE = 20.21/18.94 (DPS 0.05)