AmResearch maintains Overweight on oil, gas sector


KUALA LUMPUR: AmResearch is maintaining its Overweight call on the oil and gas (O&G) sector with Buy calls for SapuraKencana Petroleum, Alam Maritim, and Bumi Armada.

“Our Hold recommendations are Petronas Gas and Dialog Group,” it said on Friday following news US-based Murphy Oil Corp has proposed to sell a 30% stake in its Malaysian oil & gas assets worth US$2bil to US$3bil (RM6.6bil to RM9.9bil).

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