However, Kenanga Investment Bank Research said Petronas Chemicals and Hibiscus Petroleum are good trading proxies for oil prices
KUALA LUMPUR: When it comes to oil and gas stocks, Kenanga Investment Bank Research is not in favour of a bargain-hunting strategy, especially for long-term investors.
“We believe investors should approach the sector with a ‘nimble trading’ approach, and adopt a ‘bottom-up’ strategy to identify any short-term thematic plays within the sector, should the opportunity arise, ” it said.
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