Petra Energy Berhad (PENERGY)

**Intrinsic Analysis:**
Petra Energy Berhad is a Malaysian investment holding company providing a range of services and products to the upstream oil and gas industry. The company operates through segments including Services, Marine Assets, and Development and Production.

- **Financial Performance**: In 2023, Petra Energy reported significant growth in both revenue and net income. Revenue increased to MYR 554 million from MYR 371 million in 2022, and net income rose to MYR 52 million from MYR 13 million in 2022 [[❞]](https://www.marketscreener.com/quote/stock/PETRA-ENERGY-6499830/). Despite a challenging market environment, the company's earnings per share (EPS) for the second quarter of 2023 was MYR 0.051, up from MYR 0.004 in the same quarter of 2022 [[❞]](https://simplywall.st/stocks/my/energy/klse-penergy/petra-energy-berhad-shares).
- **Valuation**: Petra Energy's price-to-earnings (P/E) ratio stands at 8.78, indicating it might be undervalued relative to the market. The stock's intrinsic value, based on various models, suggests there might be significant upside potential from its current trading price of around MYR 1.57 [[❞]](https://markets.ft.com/data/equities/tearsheet/summary?s=PENERGY:KLS).

**Technical Analysis:**
- **Current Price**: As of the latest trading session, Petra Energy is priced at MYR 1.57, which is about 5.99% below its 52-week high of MYR 1.67 [[❞]](https://www.marketscreener.com/quote/stock/PETRA-ENERGY-6499830/).
- **Technical Indicators**: Technical analysis shows strong buy signals from moving averages and other indicators, suggesting positive momentum. Key support levels are around MYR 1.50, with resistance at MYR 1.67 [[❞]](https://www.tradingview.com/symbols/MYX-PENERGY/technicals/).
- **Volume and Volatility**: The stock has shown an average trading volume of 183,800 shares and a beta of 1.03, indicating moderate volatility compared to the market [[❞]](https://www.marketscreener.com/quote/stock/PETRA-ENERGY-6499830/).

Summary:
- **Strengths**: Petra Energy has shown robust financial performance with substantial revenue and profit growth. The company's strategic focus on the oil and gas sector, coupled with significant contracts, supports its growth outlook.
- **Weaknesses**: Despite recent gains, the company operates in a highly volatile industry, which could affect future performance.
- **Opportunities**: Expansion in oil and gas exploration and production, along with new contract wins, could drive future growth. The stock's current valuation suggests potential for further price appreciation.
- **Threats**: Market volatility, fluctuating oil prices, and economic uncertainties pose risks to Petra Energy's financial stability and growth prospects.

Petra Energy Berhad appears to be a promising investment with strong financial health and growth potential.