KUALA LUMPUR: MIDF Research has maintained its positive stance on the oil and gas sector, with Petronas Gas and KENCANA PETROLEUM BHD [] among its top picks.
In a note Friday, June 10, MIDF Research said that taking into account higher than previously announced capex and rising long-term demand for oil and gas namely from Asia, it was holding its Positive view on the sector.
'Petronas Gas (Buy, TP: RM13.10) and Kencana (Buy: TP: RM3.16) are among the top picks. Petronas Gas is expected to benefit from Petronas' aggressive expansion in gas business and liberalisation in gas industry.
'Fabricators like Kencana and MMHE (Neutral: TP: RM6.70) will also gain on increasing demand for offshore platform structures,' it said.
In a note Friday, June 10, MIDF Research said that taking into account higher than previously announced capex and rising long-term demand for oil and gas namely from Asia, it was holding its Positive view on the sector.
'Petronas Gas (Buy, TP: RM13.10) and Kencana (Buy: TP: RM3.16) are among the top picks. Petronas Gas is expected to benefit from Petronas' aggressive expansion in gas business and liberalisation in gas industry.
'Fabricators like Kencana and MMHE (Neutral: TP: RM6.70) will also gain on increasing demand for offshore platform structures,' it said.
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