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Tamarind Energy armed with US$800mil eyes Malaysia as home base
PETALING JAYA: Oil and gas (O&G) start-up Tamarind Energy, armed with an US$800mil (RM2.52bil) war chest from a recent deal with Blackstone, is making Malaysia its home base, riding on Petroliam Nasional Bhd’s (Petronas) efforts to ramp up domestic production in new and mature fields.
DNeX entering new phase
Dagang NeXchange Bhd (DNeX), a company which has aggressively grown multiple businesses – 23 at last count – but whose latest quarterly results showed a slowdown in earnings, is slated for some interesting changes.
Censof reduces Dagang NeXchange stake, sells 123mil shares
PETALING JAYA: Dagang NeXchange Bhd’s (DNeX) major shareholder, Censof Holdings Bhd, has pared down its stake in the company that offers most of the software solutions to the country’s cargo and trade business.
Hibiscus Petroleum to commence drilling of GUA-P1 side track well by 1H19
KUALA LUMPUR: Hibiscus Petroleum Bhd’s jointly controlled operating company, Anasuria Operating Company Ltd (AOC), is set to commence the drilling of the Guillemot A GUA-P1 side-track well in the United Kingdom North Sea’s Anasuria Cluster by the first half of 2019.
Hibiscus unit offered three licences in UK
PETALING JAYA: Hibiscus Petroleum Bhd’s unit Anasuria Hibiscus UK Ltd (AHUK) has been offered three licences as part of the 32nd United Kingdom Offshore Licensing Round launched by the UK Oil and Gas Authority in July 2019.
DNex expects equal contribution from IT and energy
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) is targeting its energy and IT divisions to provide equal contribution to the group’s total revenue in the financial year (FY) ending Dec 31, 2017.
DNex targets equal contribution from energy and IT units
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) is targeting its energy and IT divisions to provide equal contribution to the group's total revenue in the financial year ending Dec 31, 2017.
CIMB Research downgrades DNeX to Hold, lower TP
KUALA LUMPUR: CIMB Equities Research has downgraded Dagang NeXchange (DNeX) to Hold with a lower sum-of-parts based target price of 40 sen from 60 sen.
Sapura 'neutral', Yinson 'buy', VS Industry 'buy', Dagang Nexchange 'add'
MIDF Research is revising its financial years 2018 (FY18) and FY19 earnings forecast downwards for Sapura Energy Bhd on anticipated persisting headwinds from its drilling and exploration and production (E&P) segments.
