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KUALA LUMPUR: Earnings downside risk remains prevalent for oil and gas stocks due to contract deferrals, according to UOB Kay Hian Malaysia Research’s channel checks.
CYCLING may be just a hobby to some but in Ipoh, several cycling enthusiasts have assimilated it into their lifestyle.
KUALA LUMPUR: Kenanga Investment Bank Research expects Petroliam Nasional Bhd’s (Petronas) turning more cautious on its spending, this will impact the value chain across the oil and gas (O&G) sector.
With Petronas Nasional Bhd (Petronas) reporting a loss after tax of RM21bil for the second financial quarter ended June 30,2020, the outlook for service providers in Malaysia looks even more glum. Local players, however, chose to remain upbeat while acknowledging that the negative impact would be felt by some players.
PETALING JAYA: Loss-making conglomerate Boustead Holdings Bhd has appointed Federal Territories Wanita Umno chief and a former high-ranking civil servant as its two new non-executive directors.
KUALA LUMPUR: Uzma Bhd, George Kent (M) Bhd, Dayang Enterprise Holdings Bhd, Perdana Petroleum Bhd, United Malacca Bhd and Freight Management Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
KUALA LUMPUR: Shares of Uzma Bhd rose in active trading on Wednesday, after announcing a RM27mil contract from Petronas Carigali Sdn Bhd.
PETALING JAYA: Uzma Bhd’s wholly owned subsidiary Uzma Engineering Sdn Bhd has received a Letter of Award from Petronas Carigali Sdn Bhd for the provision of portable water injection module (PWIM) for Sepat platform.
KUALA LUMPUR: Bioalpha Holdings Bhd, Press Metal Aluminium Holdings Bhd, UWC Bhd, Bintulu Port Holdings Bhd, AirAsia Group Bhd and Uzma Bhd are among the stocks to watch on Friday, according to JF Apex Research.
PETALING JAYA: Petroliam Nasional Bhd’s plan to slash its budget could see it saving some RM17bil, but this may be insufficient for the state-owned oil and gas (O&G) giant to weather the challenging economic environment, according to a local research house.