Affin Hwang Research prefers companies with more exposure to the brownfield work and good earnings visibility. It likes Dialog and Serba Dinamik (maintenance), Velesto Energy (jack up rigs), Bumi Armada (FPSO, a recovery story with more potential positive newsflow), and Kelington (promising long-term industrial gas story).
KUALA LUMPUR: Affin Hwang Capital Research retains Buy calls on Dialog, Serba Dinamik
, Velesto Energy, Bumi Armada and Kelington as it maintains its Neutral stance on the oil and gas sector.
It said on Monday lLarge cap Petronas related names, with the exception of MISC have underperformed the broader FBMKLCI index, while stock prices of small-mid cap companies have outperformed, on the back of higher activity.
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