PETALING JAYA: Head honchos in companies which provide oil and gas (O&G) services remain positive in light of the current oil price weakness, stating that their companies’ contractual terms and rates are intact.
CIMB Research said this in a note issued to clients on Tuesday, confirming an earlier StarBizWeek article. which reported that despite a huge fall in their companies’ market value in the recent weeks due to weak oil prices, industry players remained optimistic as the projected earnings of their companies were intact, at least for the foreseeable future.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
