PETALING JAYA: The outlook for oil and gas companies remains bright as they enjoy further growth on the back of new and extended contracts, continued high oil prices and capacity expansion, local research houses said.
Avenue Securities said so far this year, investors had been rewarded with relatively strong capital gains in oil and gas shares. It said in a report the share prices of oil and gas companies had “run hard'' over the last six months and yet the companies' valuations remained undemanding in view of their robust earnings outlook.
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