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MIDF Research maintains positive on O&G sector; Dayang, SapuraKencana top Buys

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MIDF Research maintains positive on O&G sector; Dayang, SapuraKencana top Buys Empty MIDF Research maintains positive on O&G sector; Dayang, SapuraKencana top Buys

Post by Cals Fri 03 Oct 2014, 02:10

MIDF Research maintains positive on O&G sector; Dayang, SapuraKencana top Buys
Business & Markets 2014
Written by theedgemalaysia.com   
Thursday, 02 October 2014 08:51

KUALA LUMPUR (Oct 2): MIDF Research has maintained its Positive stance on the oil and gas sector with Dayang Enterprise Holdings Bhd (target price: RM4.37) and SapuraKencana Petroleum Bhd (TP: RM5.59) as its top Buys.
In a note Thursday, the research house said global crude oil prices have slumped dramatically in the second half of the year.
“Despite weak crude oil prices, local oil and gas stocks are expected to remain resilient.
“Local offshore activity levels are expected to remain buoyant,” it said.
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