KUALA LUMPUR: AmInvestment Research is maintaining its overweight call on the oil and gas sector with Yinson, Petronas Gas, Dialog and Serba Dinamik among its top picks as crude oil has stabilised.
In its research note on Thursday, it said with Brent crude spot prices stabilising above US$40/barrel, the down cycle has reached a bottom with the worst experienced in April this year when Brent spot prices plunged to a low of US$14 a barrel while futures inverted to an abnormal negative price due to lack of storage capacity.