Petronas is Malaysia's premier state-owned company, but as a publicly owned company it could be worth more than $200 billion and would dominate the country's stockmarket.
According to Deutsche Bank, Petronas could potentially make up 40% of Malaysia's weighting in the MSCI Asia ex-Japan index if it was to list in its entirety MSCI is a free float-adjusted market capitalisation index that is designed to measure the equity market performance of countries in the region.
Based on a price-to-earnings ratio of 15 times, Petronas could be worth up to $207 billion, according to Investment and Pensions Europe. This would make Malaysia's largest state-owned company close to the same size as the country's total equity...
¬ Haymarket Media Limited. All rights reserved.
