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Quick take: Oil and gas counters boosted by oil price optimism
KUALA LUMPUR: Oil and gas (O&G) related counters dominated the list of most active stocks on the local bourse in early trade Tuesday as oil prices hit a two-month high.
Bumi Armada Q3 profit lower at RM85.62mil
KUALA LUMPUR: Bumi Armada Bhd’s net profit fell by 44% to RM85.62mil in the third quarter ended Sept 30 due to lower operating profit and impairments compared with net profit of RM153.37mil a year ago.
Bumi Armada 3Q net profit lower at RM85.62mil
KUALA LUMPUR: Bumi Armada Bhd's net profit fell by 44% to RM85.62mil in the third quarter ended Sept 30 due to lower operating profit and impairments compared with net profit of RM153.37mil a year ago.
Former MCMC chairman Halim Shafie joins Axiata board
KUALA LUMPURÂ (Bernama) -- Axiata Group Bhd has announced the appointment of former Malaysian Communications and Multimedia Commission (MCMC) chairman Tan Sri Dr Halim Shafie as an independent director effective Nov 1.
Mixed views on Bumi Armada despite job extension
PETALING JAYA: Although Bumi Armada Bhd has received a contract extension worth billions of ringgit, analysts have mixed views due to the company’s debt level and the overall challenging outlook for the oil and gas industry.
RHB reiterates 'buy' on Bumi Armada with higher target price
KUALA LUMPUR: RHB Research is positive over the award of Bumi Armada Bhd's announcement of 10+5-year contracts for Armada Sterling, which will enhance the group's cash flow visibility.
Bumi Armada JVs secure RM2bil contracts from India's oil firm
KUALA LUMPUR: Bumi Armada Bhd's joint ventures with Shapoorji Pallonji Oil & Gas Pte Ltd in India have secured awards from the country's state-owned oil company for operations and maintenance works related to the Armada Sterling Floating Production, Storage and Offloading (FPSO) vessel in Mumbai.
Analyst believes mega mergers in oil and gas are on the cards
KUALA LUMPUR, Sept 18 (Bernama): The impact of the Covid-19 pandemic on the oil and gas industry (o&g), coupled with green agenda activism, could trigger an era of mega-mergers and consolidation among the super majors in the industry, AmInvestment Bank Bhd analyst Alex Goh said.
Smoother now for O&G, but tough times not over
Analysts see intense competition due to capex cuts
