However, AmInvestment said the earnings of service providers involved in maintenance and tank storage facilities such as Dialog Group and Serba Dinamik will be resilient against the cyclical nature of industry dynamics.
PETALING JAYA: The oil and gas (O&G) sector is expected to continue to face uncertainty stemming from the coronavirus (Covid-19) pandemic crisis despite the recent improvement in global crude oil prices.
AmInvestment Research expects companies’ earnings to be worse than during the 2015-2017 period that saw multiple financial distress on O&G companies.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
