KUALA LUMPUR: There is no clear sign of an oil and gas (O&G) supercycle on Bursa Malaysia soon despite some world traders saying Brent crude price could hit US$100 per barrel.
AmResearch foresees another O&G supercycle in the making, raises crude oil forecast to US$70 for 2021-2022 theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
THE Covid-19 pandemic has caused many companies to be in financial distress, forcing some to temporarily shut down factories and operations for at least two months from mid-March in 2020 and experiencing lower demand after that.
With numerous firms seeing a decline in earnings, and many falling into the red, one wonders how much Malaysia’s top brass were paid in 2020 versus the year before.
According to data compiled by The Edge, among the top 50 companies by market capitalisation, the heads of 15 firms took a pay cut, 13 saw a bump in their paycheques and only two those of Supermax Corp Bhd and Time dotcom Bhd had no change in pay.
AmInvestment maintains buy on Dialog, lowers earnings outlook thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: There could be some light at the end of the tunnel for the local oil and gas (O&G) sector as the government is taking steps to revive the sector.
The oil and gas services and equipment (OGSE) sector has been stuck in the doldrums, with many companies sitting on huge debts following the 2014 crude oil price rout.
Last year’s Covid-19 pandemic has put further strain on the industry.
Yesterday, the government launched its first blueprint, dubbed as the National OGSE Industry Blueprint 2021-2030, focusing on the O&G service providers that have been badly hit due to the Covid-19 fallout.