KUALA LUMPUR: AmResearch has maintained its overweight call on the oil and gas sector given the renewed expectations of a re-acceleration in the country's oil and gas capital expenditure.
The research house has buy calls on SapuraCrest, Alam Maritim Resources, Kencana Petroleum, Wah Seong Corporation, Tanjung Offshore, Dialog Group and Petronas Gas.
"Our top pick continues to be SapuraCrest given its huge locked-in order book of almost RM11 billion, which should sustain its earnings for the next three years.
"We maintain our sell call in KNM Group given its poor earnings deliverance," it said in a note Monday, June 14.
The research house has buy calls on SapuraCrest, Alam Maritim Resources, Kencana Petroleum, Wah Seong Corporation, Tanjung Offshore, Dialog Group and Petronas Gas.
"Our top pick continues to be SapuraCrest given its huge locked-in order book of almost RM11 billion, which should sustain its earnings for the next three years.
"We maintain our sell call in KNM Group given its poor earnings deliverance," it said in a note Monday, June 14.
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