Analysts remain overweight following strong demand

ANALYSTS are maintaining an overweight stance on the oil and gas (OG) sector following robust demand for hydrocarbons globally.

Hard, soft commodity prices to continue rising

Booming prices of both hard and soft commodities, which had greatly benefited the Malaysian market in 2007, look set to continue in 2008,

More winners seen on the local bourse

It would not be wrong to say generally there have been more winners than losers - in terms of stock performance, on the local bourse this year, despite the US subprime issue, high oil price and inflation worries.

Quick reads

Time for O&G to deliver

When some analysts started highlighting the oil and gas (OG) industry as a growth sector to invest in four years ago, many were sceptical, thinking it was all hype and that there was no basis for their confidence.

Alam Maritim sees 30% to 40% revenue growth next year

Alam Maritim Resources Bhd is confident of a 30% to 40% growth in revenue next year given the acquisition of seven new offshore support vessels to its fleet, according to group managing director Azmi Ahmad.

Snap Shots

Yvonne Tan writes on Alam Maritim, AirAsia and LCL Corp.

Alam Maritim to ride on O&G upcycle

Alam Maritim Resources Bhd expects demand for offshore support vessels (OSV) to remain buoyant over the next three to five years given the current up-cycle in the oil and gas (OG) sector, managing director Azmi Ahmad said.

Malaysian stocks rise Thursday

The Kuala Lumpur Composite Index (KLCI) rose 11.51 points to close at 1,308.67 on Thursday.

News in brief

News briefs on: Alam Maritim buys new vessels, Euro makes inroads into US and Metacorp unit to buy land in KL