PetGas recognised a RM161mil forex loss in 3Q15 related to the LNG tankers leased for its regasification terminal in Melaka.
KUALA LUMPUR: JF Apex Research expects Stone Master Corporation Bhd, Kulim (Malaysia) Bhd, Compugates Holdings Bhd
and Petronas Gas Bhd to be among the stocks to watch on Thursday.
It said Stone Master will undertake a special issuance of shares to settle its debt of about RM3.06bil with 25 creditors.
Kulim has revised the price it is set to pay for a 60% stake in Indonesian oil and gas (O&G) player PT Citra Sarana Energy (CSE) to US$80mil (RM329.74mil).
JF Apex Research pointed out Compugates received a letter of offer from Lower Sepik Holdings Ltd (LSHL) for a logging and marketing contract in Papua New Guinea (PNG).
Petronas Gas and state-owned Sabah Energy Corp Sdn Bhd (SEC) have scrapped their proposed joint venture for a liquefied natural gas (LNG) regasification plant in Lahad Datu, Sabah.
Overnight on Wall Street, US stocks closed mostly lower as investors digested remarks from Fed Chair Janet Yellen, as well another choppy trading in oil.
In contrast, European equities ended Wednesday sharply higher as sentiment was boosted by a rally in banks and remarks from Federal Reserve Chair Janet Yellen on the state of the US economy and global growth.
JF Apex Research said at Bursa Malaysia, the FBM KLCI lost 18.05 points to 1,644.41.
“We expect KLCI to hover above its support level at 1,620,” it said.
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