Dateline 2025-07-01, The Edge Malaysia:
ONCE the darling of stocks among investors, the Malaysian oil and gas (O&G) industry has yet to regain its position after more than a decade. This is despite Brent crude oil prices having been steady for more than two years, leading to many oil majors increasing their capital expenditure (capex).
More activities mean more revenue and profits. But that has yet to translate into meaningful share price movements, with many local O&G service providers trading at single-digit price-earnings ratios (PERs).
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