Maybank Research retains Overweight on oil and gas sector

July 5, 2014

Who the heck is Yinson?

Dateline 2014-05-14, The Star:

 Maybank Investment Bank Research is maintaining its Overweight call on the oil and gas sector and its top picks are Dialog Group, Perdana Petroleum,SapuraKencana Petroleum, Perisai Petroleum and Yinson.

It said on Wednesday these companies had exposures in the Refinery and Petrochemical Integrated Development  (RAPID), offshore support vessels (OSV), Malaysia exploration and production (E&P), offshore drilling and  floating production, storage and offloading (FPSO).

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Posted by Wata

Overweight on O&G sector: Maybank

April 25, 2014

Here’s me stirring up the market.

Dateline 2014-04-19, Business Times:

Maybank Research maintains OVERWEIGHT rating on oil & gas (O&G) sector with top buys including Bumi Armada, Dialog, SapuraKencana Petroleum (SAKP), Perisai and Perdana.

It noted that interest is wide ranging but most funds tend to be bottom-up driven and stock-selective, seeing strong thematics such as rig building, drilling, OSV upcycles, Petronas capex driving the sector this year.

‘We met up with UK, Hong Kong and US funds during our marketing roadshows in February and March. The interest was across the board ranging from big-caps to small-caps depending on the fund mandate. Funds that have been less Malaysia centric continue to find it challenging to invest in the Malaysian Oil & Gas (O&G) stocks due to their premium valuations relative to the region.

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Posted by Wata

MOPU ops lift Perisai net profit

September 4, 2012

Dateline 2012-08-16:

Perisai Petroleum Teknologi Bhd’s net profit surged more than two-fold to RM23.38mil for its second quarter ended June 30, 2012, compared with RM7.84mil in the previous corresponding quarter.

Revenue rose to RM47.9mil from RM16.9mil previously. However, its net profit was only marginally higher when compared with the preceding quarter’s net profit of RM23.31mil.

In a filing with Bursa Malaysia, the company said the improved performance was mainly due to the revenue and profit contributions from the mobile offshore production unit (Mopu) under Garuda Energy (L) Inc, a wholly-owned subsidiary of Perisai, and the offshore support vessels under the Intan Group, a 51% unit.

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Posted by Wata