Pulsating with opportunities. We anticipate that the sector will see an action-packed 18 months. O&G service providers are set to continue enjoying sustained growth as demand for equipment and services increases in light of rising activities in the sector. Against this backdrop, we foresee three themes featuring prominently: (i) a strong pipeline of offshore fabrication awards; (ii) contract flows for floating solutions and (iii) continuous awards for marginal/rejuvenation projects. The sector remains an Overweight with SapuraKencana, Bumi Armada and MMHE as top picks in the large cap, and Perisai, Yinson in the mid-small caps.
Click here for full reportSource: Maybank Research - 18 July 2012