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MIDF upgrades O&G sector to 'positive' on higher oil prices


KUALA LUMPUR (March 11): MIDF Research has upgraded the oil and gas sector to positive as it sees the upstream and downstream sub-segments will benefit from the recent oil price rally.
Its analyst Noor Athila Mohd Razali said in a note today that the higher oil prices would benefit the sub-segments in terms of potential new contract awards, rising product prices and spread for downstream industry players.
“Despite the absence of revision in exploration and production (E&P) capital expenditure spending from the oil majors, we opine that the recovery narrative for the sector remains on track given that a more selected spending approach will result in a more sustained recovery and significant uptick in activities within the oil and gas sector is expected to take place in the second half of 2021. ....

Kuala Lumpur , Noor Athila Mohd Razali , Noor Athila , Favelle Favco Bhd , Serba Dinamik Holdings Bhd , Engineering Holdings Bhd , Dialog Group Bhd , Petronas Chemicals Group Bhd , Sapura Energy Bhd , Gas Malaysia Bhd , Malaysia Marine , Heavy Engineering Holdings Bhd , Petronas Gas Bhd , குவாலா லம்பூர் , பொறியியல் ஹோல்டிங்ஸ் ப்ட் , உரையாடல் குழு ப்ட் , பெட்ரோனாக்கள் இரசாயனங்கள் குழு ப்ட் , சாபுர ஆற்றல் ப்ட் , வாயு மலேசியா ப்ட் , மலேசியா கடல் , கனமான பொறியியல் ஹோல்டிங்ஸ் ப்ட் , பெட்ரோனாக்கள் வாயு ப்ட் ,

Oil price optimism


Maybank IB said its key buy calls are on these stocks – Dialog Group Bhd, Icon Offshore Bhd, Malaysia Maring and Heavy Engineering Holdings Bhd, Wah Seong Corp Bhd and Yinson Holdings Bhd.
PETALING JAYA: Analysts have become more optimistic on the crude oil price outlook, thus raising their price forecasts on the commodity.
Maybank Investment Bank Research (Maybank IB) in its report said it had raised its crude oil price assumption to US$55-US$60 per barrel for 2021 from US$45-US$50 per barrel before.
“Our revised estimates are generally in line with consensus (EIA & Fitch Solutions: US$53 per barrel). A more promising Covid-19 vaccine development/outlook and the effect of underinvestment kicking in could further elevate optimism in the oil market, ” Maybank IB said. ....

Saudi Arabia , Malaysia General , Petroliam Nasional Bhd , Fitch Solutions , Maybank Investment Bank Research , Engineering Holdings Bhd , Dialog Group Bhd , Wah Seong Corp Bhd , Yinson Holdings Bhd , Investment Bank Research , Dialog Group , Icon Offshore , Malaysia Maring , Heavy Engineering Holdings Bhd , Wah Seong Corp , Yinson Holdings , Bumi Armada , சவுதி அரேபியா , மலேசியா ஜநரல் , பெட்ரோலியம் நேஷனல் ப்ட் , ஃபிட்ச் தீர்வுகள் , மேபேங்க் முதலீடு வங்கி ஆராய்ச்சி , பொறியியல் ஹோல்டிங்ஸ் ப்ட் , உரையாடல் குழு ப்ட் , வா சேஓங் கார்ப் ப்ட் , முதலீடு வங்கி ஆராய்ச்சி ,

MMHE posts FY20 net loss of RM396.81mil on impairments


s (MMHE) net loss in the financial year ended Dec 31, 2020, widened to RM396.81mil as compared to a net loss of RM34.22mil a year ago on the back of an impairment loss on property, plant and equipment and right-of-use assets.
The impairment loss was recognised in view of the current oil and gas downturn and the expected prolonged recovery of the industry, it said in a statement.
Owing to the downturn, group revenue for the year had plunged 55% to RM1.57bil from RM1.01bil in previous year.
In the fourth quarter alone, the group incurred a net loss of RM8.56mil versus a net profit of RM9.28mil despite a 152% increase in revenue to RM695.5mil from RM275.6mil in the same quarter last year. ....

Kuala Lumpur , Pandai Othmas , Engineering Holdings Bhd , Malaysia Marine , Heavy Engineering Holdings , Corporate News , Malaysia Marine And Heavy Engineering Holdings , Pandai Othman , குவாலா லம்பூர் , பொறியியல் ஹோல்டிங்ஸ் ப்ட் , மலேசியா கடல் , கனமான பொறியியல் ஹோல்டிங்ஸ் , பெருநிறுவன செய்தி , மலேசியா கடல் மற்றும் கனமான பொறியியல் ஹோல்டிங்ஸ் ,

MHB posts net loss of RM8.56m in 4Q on higher operating losses

Despite a sharp increase in revenue, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) slipped into a net loss of RM8.56 million in the fourth quarter ended Dec 31, 2020, from a net profit of RM9.28 million a year ago, dragged by higher operating losses in the heavy engineering segment. ....

Kuala Lumpur , Engineering Holdings Bhd , Malaysia Marine , Heavy Engineering Holdings Bhd , Bursa Malaysia , குவாலா லம்பூர் , பொறியியல் ஹோல்டிங்ஸ் ப்ட் , மலேசியா கடல் , கனமான பொறியியல் ஹோல்டிங்ஸ் ப்ட் ,