Trading ideas: Samaiden, Press Metal, AIM, VS Industry

KUALA LUMPUR: Stocks which could attract trading interest include Samaiden Group Bhd, which will make its debut on the ACE Market on Thursday. Its offer price is 48 sen.

Handal gets job from EnQuest

PETALING JAYA: Handal Energy Bhd has received a three-year contract from EnQuest Petroleum Production Malaysia Ltd for the provision of ad hoc offshore crane operator services.

ExxonMobil’s sale of Malaysian assets heats up

Exxon lines up bidders for US$3bil assets

KUALA LUMPUR: Exxon Mobil Corp has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise US$2bil (RM8.34bil) to US$3bil (RM12.5bil) in a sale, according to sources

Bumi Armada core net profit deemed satisfactory

PETALING JAYA: Despite an impairment that dragged offshore oilfield services provider Bumi Armada Bhd into the red for the recently-concluded quarter, the company should be one of the few which are somewhat impervious to the current oil down-cycle.

Trading ideas: Key Alliance, Hengyuan, MyEG, Uzma, Censof, Genting Malaysia

KUALA LUMPUR: Stocks to watch on Wednesday include Key Alliance Group Bhd, Hengyuan Refining Company Bhd, My E.G Services Bhd, Uzma Bhd, Censof Holdings Bhd and Genting Malaysia Bhd, according to JF Apex Research.

Uzma JV ends Tanjung Baram contract

KUALA LUMPUR: Uzma Bhd's subsidiary Uzma Energy Ventures (Sarawak) Sdn Bhd and EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) have mutually terminated the Tanjong Baram small field risk service contract (SFRSC) with Petronas following the economic cut-off as agreed in the terms of the contract.

CGS-CIMB Research sees Dialog, Lotte winning in oil carnage

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.

London's EnQuest gets PSC from Petronas for Block PM409

KUALA LUMPUR: London-based EnQuest PLC has been awarded a production sharing contract (PSC) from Petroliam Nasional Bhd for Block PM409 offshore Peninsular Malaysia under an initial four-year exploration term.

Bumi Armada’s debt still poses a challenge

ON Tuesday afternoon, something unexpected happened in the trading of oil and gas (O&G) outfit Bumi Armada Bhd.