Oil price optimism

Analysts issue higher forecasts on supply cut, weather

Higher corporate earnings to spur market

PETALING JAYA: A combination of better earnings and ample liquidity is what will drive the local equity market higher this year.

Mixed outlook for sector

A lot of positives in O&G industry, say analysts

Trading ideas: Top Glove, AirAsia, Wah Seong, My EG, Inari

KUALA LUMPUR: Top Glove Corporation, AirAsia Group, Wah Seong, MY EG Services and Inari Amertron are among the stocks which could see trading interest on Wednesday after the barrage of corporate news, according to TA Securities Research.

Lower activity levels for local O&G players as Petronas cuts spending

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.

Wah Seong unit sells Spirolite stake

PETALING JAYA: Wah Seong Corp Bhd’s indirect, wholly-owned subsidiary, Syn Tai Hung Trading Sdn Bhd, is disposing of a 70% stake in of Spirolite (M) Sdn Bhd for RM30.37mil

Trading ideas: MPI, Genting Plantations, Malakoff, Aeon, Ranhill, Telekom Malaysia

KUALA LUMPUR: JF Apex Research expects Malaysian Pacific Industries Bhd (MPI), Genting Plantations Bhd, Malakoff Corp Bhd, Aeon Co (M) Bhd, Ranhill Utilities Bhd and Telekom Malaysia Bhd (TM).

Wah Seong expects to bag some key O&G projects

PETALING JAYA: Despite the challenging outlook for the oil and gas (O&G) industry, Wah Seong Corp Bhd is confident that its O&G division will still be able to secure some key projects to provide specialised equipment and services to the industry this year.

Historic oil price plunge sees stocks skid, KLCI slides 2%

KUALA LUMPUR: Shares of oil and gas companies on Bura Malaysia fell in late morning trade on Tuesday after US light crude oil prices saw a historic plunge below zero and impacting key Asian markets.

Oil companies with exposure to E&P seen most vulnerable