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BG Group PLC
BRGYY.PKISIN: US0554342032SEDOL: 2528124 |
Rating: HOLD |
Target Price: 73.66 USD |
Investment Horizon: 6 to 12 months |
3Q 08 Update Report
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BG Group PLC (BG) registered strong top-line growth in 3Q 08 driven by improved performances from all of its business segments. Adjusted2 operating margin improved on a y-o-y basis given improved operating performance from its Exploration & Production (E&P;) and LNG segments. Going forward, we believe lower hydrocarbon prices will impact BG’s revenue growth and keep margins under pressure throughout FY 2009. However, as we expect…
3Q 08 News Alert
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BG Group PLC (BG) reported strong y-o-y growth in operating revenues and earnings in 3Q 08, driven by impressive performances across its major business segments. Going forward, Management remains optimistic of BG’s future performance given an expansion in the company’s resource base. Furthermore, we believe the recent turmoil in global equity markets has rendered BG’s common stock undervalued at current price levels. As a result…
Company News Alert
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BG Group PLC (BG) announced on 28 October 2008 that it has launched a takeover bid to acquire Queensland Gas Company Limited (QGC) of Australia which is expected to strengthen its presence in the Asia Pacific region. We believe that the recent crisis in global equity markets has rendered the stock undervalued at current price levels, and given that we believe the company remains fundamentally strong and that the potential acquisition…
Company News Alert
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BG Group PLC’s (BG’s) common stock price has declined significantly since we upgraded it from a HOLD to a BUY, reflecting a heavy sell-off in global equity markets and investor concerns regarding a possible slowdown in hydrocarbon demand....
2Q 08 News Alert
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BG Group PLC (BG) reported strong growth in operating revenues and earnings in 2Q 08, primarily driven by improved production levels and realized prices in its Exploration and Production and Liquefied Natural Gas segments....
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