Bursa Malaysia Stock Watch
AmResearch positive on O sector
kltrader
Publish date: Tue, 11 Jan 2011, 04:27 PM
kltrader
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AmResearch remains positive on the oil and gas sector given the gathering pace of domestic news flow momentum from Petroliam Nasional Bhd's mandate to maintain its crude oil production.
In its research note released here today, AmResearch said it would maintain its 'overweight' view on the sector with 'buy' calls on Kencana Petroleum Bhd, SapuraCrest Petroleum Bhd, KNM Group Bhd and Petronas Gas Bhd.
It said according to a newspaper report, Prime Minister Datuk Seri Najib Razak announced new contracts for the development of marginal oil fields during a briefing on the progress of the Economic Transformation Programme today.
It said SapuraCrest Petroleum and Kencana Petroleum are likely to secure major awards, it said.
The research firm said it would retain its 'hold' call on Tanjung Offshore Bhd, Coastal Contracts Bhd and Scomi Group Bhd and Wah Seong Corp Bhd a 'sell'. -- Bernama
In its research note released here today, AmResearch said it would maintain its 'overweight' view on the sector with 'buy' calls on Kencana Petroleum Bhd, SapuraCrest Petroleum Bhd, KNM Group Bhd and Petronas Gas Bhd.
It said according to a newspaper report, Prime Minister Datuk Seri Najib Razak announced new contracts for the development of marginal oil fields during a briefing on the progress of the Economic Transformation Programme today.
It said SapuraCrest Petroleum and Kencana Petroleum are likely to secure major awards, it said.
The research firm said it would retain its 'hold' call on Tanjung Offshore Bhd, Coastal Contracts Bhd and Scomi Group Bhd and Wah Seong Corp Bhd a 'sell'. -- Bernama
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