Thursday, 13 January 2011

A Brief Look at Petronas Dagangan


2007 EPS 0.645 Div 0.30
2008 EPS 0.666 Div 0.45
2009 EPS 0.582 Div 0.45
2010 EPS 0.758 Div 0.60
1H11 EPS 0.408 Div 0.40

Today's Price of PetDag 12.34
Estimated EPS for 2011 = 2 x 0.408 = 0.816
Projected PE = 15.1 x

Historical PE range:
5 Year PE 9.5 - 13.8
10 Year PE 10.5 - 14.7

Given that an interim dividend of RM 0.40 was already paid in the 1H of 2011, it is anticipated that the dividend for this year by PetDag will be generous and exceed the previous years' dividends.

Capital Changes:  2005 1/1 Bonus

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