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IN a rather sober market that has been traumatised by the escalating trade war between the US and China, Dialog Group Bhd, an oil and gas services company, is turning out to be a bright spark.
VELESTO ENERGY BHD: OPERATING seven jack-up (JU) rigs in Malaysian waters, Velesto is in a sweet spot, benefitting from a surge in Petronas’ yearly JU rig requirement from six to 10 and 16 to 19 for 2019 to 2021.
PETALING JAYA: The Malaysian rubber glove industry is expected to be a key potential beneficiary of the US-China trade war, said CGS-CIMB.
KUALA LUMPUR: Shares in Dialog Group Bhd shot up after the opening bell on Wednesday, climbing 9% after reporting a 21% jump in earnings.
KUALA LUMPUR: To mitigate the expected flattish year-on-year service revenue growth this year, Digi.Com Bhd is looking to grow its postpaid subscriber base through prepaid conversion.
PETALING JAYA: A joint-venture (JV) company that is 30% owned by Bumi Armada Bhd has secured a floating production, storage and offloading vessel (FPSO) contract from India’s state-owned oil company, Oil and Natural Gas Corp Ltd (ONGC).