PETALING JAYA: There may still be some downside risks for oil and gas (O&G) companies in the second half of the year despite some of the companies having guided for a recovery in the third quarter.
UOB Kay Hian Research (UOBKH) said in its report that its channel checks suggest local upstream activities continued to be lacklustre and noted that earnings could be biased to the downside in the third quarter.
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