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KUALA LUMPUR: Oil and gas counters on Bursa Malaysia tumbled in early trade Monday dragged down by falling crude oil prices on an already weak market sentiment.
KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Overweight rating on oil and gas but highlight risks from the free fall in crude oil prices.
PETALING JAYA: As the impact of the Covid-19 outbreak remains uncertain at this stage, AmInvest Research has maintained its crude Brent oil price forecast and recommended a “buy” call on some local oil and gas (O&G) service providers.
KUALA LUMPUR: The FBM KLCI opened on a sharp rebound as it sought to retrace the losses of the previous session amid postive vibes over anticipated policy stimulus among the world's key central banks.
PETALING JAYA: The global oil market continues to reel from the slowing economic activity caused by the coronavirus (Covid-19) outbreak. Meanwhile, gold prices soared to a seven-year high: a clear indication that investors are looking for safe-haven assets.
KUALA LUMPUR: Kenanga research is positive over news that Sapura Energy Bhd's joint venture with Petrofrac has secured a US$591mil EPC contract from the Abu Dhabi National Oil Company (Adnoc) for the Daima Gas development project.
KUALA LUMPUR: JF Apex Research expects Wah Seong Corp Bhd, KKB Engineering Bhd, Bina Darulaman Bhd, Alam Maritim Resources Bhd and ELK-Desa Resources Bhd to be among the stocks to watch on Wednesday.
KUALA LUMPUR: Sapura Energy Bhd in partnership with Petrofac Emirates LLC, has secured its first contract in Abu Dhabi from the Abu Dhabi National Oil Company (ADNOC) for the Dalma Gas Development Project (offshore engineering, procurement and construction-EPC Package - A).
KUALA LUMPUR (Bernama) -- Sapura Energy Bhd, in partnership with Petrofac Emirates LLC, has secured its first contract in Abu Dhabi from the Abu Dhabi National Oil Company (ADNOC) for the Dalma Gas Development Project.
KUALA LUMPUR: The FBM KLCI plunged from the opening bell on Monday as it tracked the sharp retreat in global stocks on fears over the impact of the Wuhan virus on the economy.