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PETALING JAYA: Oil and gas (O&G) counters have gained much attention of late following the rise in oil prices. (4-0)
After more than three years stuck in the doldrums, the oil and gas (O&G) industry seems to be back on investors’ radar. (1-0)
MarketWatch: The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald's and Caterpillar and gains for bank shares. The Nasdaq also managed to set a record high despite declines in Google parent Alphabet after its results. The DJIA rose 100.26 points, or 0.47%, to 21,613.43, the S&P 500 gained 7.17 points, or 0.29%, to 2,477.
UOB Asset Management (M) Bhd CEO Lim Suet Ling(pic) told StarBiz that investors are turning more cautious on the local debt market in the second half of this year pressured by rising global rates.
PETALING JAYA: Nam Cheong Group Bhd is the latest company that is unable to service its debts due to the prolonged downturn in the oil and gas (O&G) industry.
KUALA LUMPUR (April 3): Based on corporate announcements and news flow today, stocks that may be in focus on Tuesday (April 4) may include: Eco World International Bhd, Tenaga Nasional Bhd, Felda Global Ventures Holdings Bhd, Yinson Holdings Bhd, GHL Systems Bhd, CCM Duopharma Biotech Bhd, Kelington Group Bhd, MMC Corporation Bhd and Alam Maritim Resources Bhd
KUALA LUMPUR (March 22): Shares of upstream oil and gas services provider Alam Maritim Resources Bhd rose 3.51% this morning after the company bagged a one-year contract to provide subsea inspection, maintenance and repair services for RM99 million. (0-1)
KUALA LUMPUR (March 22): The FBM KLCI could pullback today in line with the overnight tumble at most global markets.
KUALA LUMPUR (March 21): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (March 22) could include: Yong Tai, Mulpha, Ranhill, Alam Maritim, Redtone, TM, UMW Holdings and T7 Global.
KUALA LUMPUR (March 9): The FBM KLCI is expected to continue with its consolidation mode today, with oil and gas related stocks likely in the limelight after global crude oil prices slumped more than 5% overnight.
KUALA LUMPUR (March 8): Based on corporate announcements and news flow today, the companies in focus on Thursday (March 9) may include the following: Iskandar Waterfront City, Alam Maritim, Enra, LBS Bina, CIMB Group, GHL Systems, AmBank, Engtex and Wintoni.
KUALA LUMPUR (Feb 15): The FBM KLCI retreated at the midday break today as sellers outpaced buyers.
LEMBAGA Tabung Haji does not seem to have had much luck in investing in the oil and gas sector. The pilgrim fund is probably among the biggest victims of the beleaguered O&G outfit Perisai Petroleum Teknologi Bhd.
IT’S that time of the year again when the Government is going to announce its annual budget plan.
Collapse: A Swiber logo is pictured at its office in Singapore. After the collapse of Singaporean-listed Swiber Holdings Ltd, which found itself unable to satisfy its debt obligations following the crude oil price collapse, all eyes are now on its peers that operate in Malaysian waters. — Reuters