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PETALING JAYA: Velesto Energy Bhd’s core net loss for the financial year ended Dec 31,2020 (FY20) may be more than previously estimated, due to lower-than-expected utilisation and daily charter rates in last year’s fourth quarter (Q420), said a CGS-CIMB Research report.
THE recovery in the oil and gas (O&G) sector will be slow and gradual, and uncertainties still linger on the supply side.
PETALING JAYA: The recovery in the oil and gas (O&G) sector is likely to be slow as the demand and supply situation remains unstable.
KUALA LUMPUR:Oil and gas (O&G) related counters saw gains this morning as oil futures rallied by nearly 5% on Tuesday.
PETALING JAYA: Supermax Corp has been added into the FBM KLCI, while KLCC Prop & Reits - Stapled Sec will be removed from the index, following the semi-annual review of the FTSE Bursa Malaysia Index Series.
KUALA LUMPUR: AmInvestment Research is maintaining its overweight call on the oil and gas sector with Yinson, Petronas Gas, Dialog and Serba Dinamik among its top picks as crude oil has stabilised.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is seen increasing prudence in spending going forward amid mildly declining balance sheet, earnings, as well as increased dividend payment commitment, according to Kenanga Investment Bank.
KUALA LUMPUR: Genting Bhd, Genting Malaysia, Kerjaya Prospek, Press Metal and TH Plantation are among the stocks which could see trading interest on Friday following their recent corporate announcements, according to TA Securities Research.
KUALA LUMPUR: Oil and gas (O&G) related counters dominated the list of most active stocks on the local bourse in early trade Tuesday as oil prices hit a two-month high.