PETALING JAYA: Fluctuations in crude oil prices will not affect companies’ fundamentals, as most oil and gas companies listed in Malaysian are service providers, according to Affin Hwang Research.
However, an exception is applied to companies that are oil asset owners, such as Hibiscus Petroleum Bhd
, Reach Energy Bhd and Dagang Nexchange Bhd, which predominantly generate their revenue through sales of crude oil, said the research house.
