Petronas Dagangan stock reports 44 percent profit growth

Published on 10/07/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petronas Dagangan stock was last at MYR 19.12 on October 6, 2026, down 0.42 percent. Ten analysts set a MYR 21.70 average target.

Petronas Dagangan, MYL5681OO001, Illustration mit AI erstellt.

Petronas Dagangan (ISIN MYL5681OO001) was last at MYR 19.12 on Bursa Malaysia on October 6, 2026 at 4:50 p.m. MYT, down 0.42 percent from the previous close. The company is carrying a stronger earnings profile into the next reporting cycle after Q2 FY2026 profit after tax rose 44 percent year over year to MYR 394.0 million, according to PETRONAS Dagangan in its August 24, 2026 investor materials.

Q2 profit strengthens the earnings case

Revenue increased 77 percent year over year to MYR 16,091.1 million in Q2 FY2026, while gross profit rose 19 percent to MYR 1,311.3 million. The combination matters because the revenue increase was accompanied by higher gross profit, rather than being driven only by selling prices.

Quartr reported that cumulative Q2 2026 profit after tax reached MYR 685.4 million, up 19 percent year over year, while operating cash flow was MYR 1,498.9 million, down 39 percent because of working capital movements. That contrast puts cash conversion alongside margin performance as the key operating checkpoint for the next results.

Analysts see value above MYR 19.12

The analyst consensus is Buy, based on six Buy ratings and four Hold ratings from 10 analysts. According to Investing.com, the average 12-month target is MYR 21.70, with a high of MYR 25.00 and a low of MYR 18.20.

The average target lies 13.49 percent above the October 6 price. The spread between MYR 18.20 and MYR 25.00 also shows that the consensus contains a meaningful range of views, even though the published rating balance favors Buy and Hold rather than Sell.

Stock remains below its yearly high

Petronas Dagangan's MYR 19.12 price sits within a 52-week range of MYR 17.12 to MYR 23.20 as of October 6, 2026. The stock is 17.59 percent below the upper end of that range, while its market capitalization is MYR 19.0 billion and volume was 246,100 shares.

The next earnings date is November 27, 2026, for Q3 2026, according to Quartr. That date gives investors a defined checkpoint for testing whether the Q2 profit and revenue gains are continuing.