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PETALING JAYA: More contracts are expected to be awarded in the oil and gas (O&G) sector in the second half of this year despite crude oil price rallying more than 75% since last November to above US$64 per barrel.
KUALA LUMPUR: AmInvestment Research is maintaining its overweight call on the oil and gas sector with eight buy calls and one hold following the release of their corporate results recently.
PETALING JAYA: Rising oil prices will help boost the prospects of Hibiscus Petroleum Bhd and lift investor sentiment towards its shares.
KUALA LUMPUR: The FBM KLCI held on to its early lead as it entered the lunch break following a growth-inspired commodities rally.
KUALA LUMPUR: Bursa Malaysia rebounded on Tuesday following the sell-off in the previous session as equities were buoyed by the surge in crude oil prices on ongoing supply disruptions and a stronger demand outlook.
KUALA LUMPUR: Mimicking the trading pattern of previous days, the FBM KLCI lost ground after the initial advance was met with swift profit-taking.
KUALA LUMPUR: Bursa Malaysia extended its rebound on Friday after yet another positive session on Wall Street, and as more details of Malaysia's vaccination programme are revealed.
KUALA LUMPUR: AmInvestment Bank Research has initiated coverage on Hibiscus Petroleum Bhd with a "buy" recommendation at a sum-of-parts-based fair value of 79 sen a share, which represents 36% upside potential.
KUALA LUMPUR: Hibiscus Petroleum Bhd has fully executed the final licence agreement for Licence P2532 (Block 21/19c and Block 21/20c), pursuant to the UK Oil and Gas Authority’s offer for award received by its indirect wholly owned subsidiary Anasuria Hibiscus UK Ltd.
KUALA LUMPUR: Stocks to watch on Thursday include Cymao Holdings Bhd, Zhulian Corp Bhd, Axis Real Estate Investment Trust, Hibiscus Petroleum Bhd, Widad Group Bhd, YTL Corp Bhd and Malaysia Airports Holdings Bhd (MAHB), according to JF Apex Research.