Malaysian oil and gas players earnings at risk

Dateline 2015-11-13, The Star:

Petroliam Nasional Bhd’s (Petronas) poor performance and sober prediction for the oil and gas industry next year spell a challenging outlook for the industry players with earnings at risk.

Analysts are underweight on the sector for 2016, with some pointing out that preservation of cashflow would be key as Petronas cuts down on its spending.

UOB KayHian Research, which has an “underweight” call on the sector, said Petronas would need to continuously readjust its capital priorities, which might further defer upstream activities.

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