Stocks of solar energy-related companies had a lukewarm response following news of the government’s plan to lift the 18-month ban on renewable energy (RE) exports, possibly waiting on Putrajaya to settle the details.
KUALA LUMPUR: Uzma Bhd’s 70%-owned subsidiary, Uzma LNG Sdn Bhd (ULSB) has entered into a LNG supply agreement worth RM70mil with ND Paper Malaysia (Selangor) Sdn Bhd (NDP) for the supply of liquefied natural gas (LNG).
BURSA Malaysia-listed oil and gas (O&G) companies have seen more activity and interest in the past half year than most sectors, buoyed by the reopening of China, elevated global crude oil prices and higher capital expenditure (capex) spending by oil majors, particularly Petroliam Nasional Bhd (Petronas). Even so, some analysts are of the view that there is still a lot of gas left in the tank for the sector as they say the recent activity only marks the start of an upcycle because average crude oil prices are projected to go higher in 2023.
Here is a brief recap of some corporate announcements that made the news on Monday (Jan 30), involving Malayan Banking Bhd, YTL Power International Bhd, Tenaga Nasional Bhd, Serba Dinamik Holdings Bhd, PGF Capital Bhd, Ajiya Bhd, Sunway Real Estate Investment Trust, Chin Teck Plantations Bhd, Telekom Malaysia Bhd, Uzma Bhd, Tomypak Holdings Bhd, TRC Synergy Bhd and Zecon Bhd.