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Oil remains on upward pressure

PETALING JAYA: Oil and gas (O&G) analysts and economists are projecting oil prices to remain firm at between US$83 (RM367) and US$127 (RM561) next year, fuelled by rising demand from China, upsurge in air travel worldwide and the prolong Russia-Ukraine war.

Car bookings will spike, followed by cancellations next year due to SST exemption leeway – Maybank IB

Car bookings will spike, followed by cancellations next year due to SST exemption leeway – Maybank IB
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Maybank IB foresees speculative car bookings, cancellations over the next nine months following scheduled end to SST exemption

KUALA LUMPUR, June 22 Maybank Investment Bank Bhd (Maybank IB) foresees unnecessary issues over the next nine months in the automotive sector with a rise in speculative.

Hibiscus Petroleum on a roll

HIBISCUS Petroleum Bhd is clearly riding nicely on the upcycle of oil prices. On Thursday it posted a second-quarter profit that beat analysts’ expectations. And as Maybank Investment Bank (Maybank IB) Research points out, the profits have yet to take into account earnings from the recently completed acquisition of assets from Spain’s Repsol.

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