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Petronas Chemicals leads KLCI’s rebound
KUALA LUMPUR: Petronas Chemicals underpinned the FBM KLCI’s rebound early Wednesday after its strong fourth quarter earnings and also firm crude oil prices.
Trading ideas: Nestle, PetChem, IOI Corp, SunCon, AT Systematization
KUALA LUMPUR: Stocks to watch on Wednesday include Nestle (M) Bhd, Petronas Chemicals Group Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd and AT Systematization Bhd, according to JF Apex Research.
Petronas Chemicals posts strong Q4 earnings
KUALA LUMPUR: Petronas Chemicals Bhd posted a strong set of earnings in the fourth quarter ended Dec 31,2020 with net profit of RM466mil, underpinned by a recovery in petrochemical product prices, and it expects an improvement this year
TechnipFMC clinches Petronas Carigali contract
KUALA LUMPUR: International oil and gas services company TechnipFMC’s subsidiary has secured a substantial contract – ranging from US$250mil to US$500mil – from Petronas Carigali Sdn Bhd for the Limbayong deepwater development project offshore Malaysia.
Petronas Chemicals posts strong 4Q net profit of RM466m
KUALA LUMPUR: Petronas Chemicals Bhd posted a strong set of earnings in the fourth quarter ended Dec 31,2020 with net profit of RM466mil, underpinned by a recovery in petrochemical product prices, and it expects an improvement this year.
TechnipFMC clinches US$250m to US$500m Petronas Carigali contract
KUALA LUMPUR: International oil and gas services company TechnipFMC’s subsidiary has secured a substantial contract – ranging from US$250mil to US$500mil – form Petronas Carigali Sdn Bhd for the Limbayong deepwater development project.
Oil price surge lifts investor sentiment on Bursa
KUALA LUMPUR: Bursa Malaysia rebounded on Tuesday following the sell-off in the previous session as equities were buoyed by the surge in crude oil prices on ongoing supply disruptions and a stronger demand outlook.
Trading ideas: Tiong Nam, Karex, KPower, IOI Properties, Pos, PetGas
KUALA LUMPUR: Stocks to watch on Tuesday include Tiong Nam Logistics Holdings Bhd, Karex Bhd, KPower Bhd, IOI Properties Group Bhd, Pos Malaysia Bhd and Petronas Gas Bhd, according to JF Apex Research.
PetGas earnings to stay resilient
KUALA LUMPUR: Petronas Gas Bhd's earning resiliency will continue over the next two years until the Regulatory Period 1 ends in 2022, says Kenanga Research.
PetGas to construct new pipeline
KUALA LUMPUR: Petronas Gas Bhd (PetGas) will be constructing and installing a 42-km long gas pipeline costing RM541mil which links from its existing Peninsular Gas Utilisation (PGU) II to a power plant in Pulau Indah, Selangor.
