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PETALING JAYA: Dialog Group Bhd’s RM100mil investment to expand its Langsat tank terminal capacity, which was faster than CGS-CIMB Equities Research’s forecast, has prompted the research house to maintain its “add” call on the counter with a sum-of-parts target price of RM5.23
KUALA LUMPUR: Dialog Group’s RM100mil investment to expand its Langsat tank terminal capacity, which was faster than CGS-CIMB Equities Research’s forecast, has prompted the research house to maintain its Add call and sum-of-parts target price of RM5.23. Last traded price was RM3.73.
ROTTERDAM: Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: petroleum, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in pain like never before.
DUBAI: Saudi Arabia’s economy contracted by 1% in the first quarter but the figures only marginally captured the collapse in oil prices and the coronavirus crisis, which deteriorated in March.
OIL edged lower after its biggest drop in almost two weeks as swelling U.S. crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the world’s largest economy.
NEW YORK: Oil futures slipped on Tuesday as the market braced for reports expected to show swelling U.S. crude inventories, which pulled prices back off the highest levels since before the coronavirus pandemic slammed fuel demand.
NEW YORK: Oil was up 2% on Monday on tighter crude supplies from major producers and as coronavirus lockdowns kept easing despite a record rise in cases globally.
PETALING JAYA: Expectations of recovery in global trade and commodity demand offer a positive outlook for the ringgit, which has gradually strengthened against the US dollar since late-March.