Bursa Malaysia retreated from Wednesday’s (Feb 15) gains and opened marginally lower on Thursday as investors turned cautious in view of the strong US retail data, which might indicate potential interest rate hikes by the US Federal Reserve going forward.
KUALA LUMPUR (Feb 15): Perdana Petroleum Bhd posted a net profit of RM20.51 million in the fourth quarter ended Dec 31, 2022 (4QFY2022) against a net loss of RM264.77 million a year ago. This was mainly due to a reversal of impairment loss on property, plant and equipment of RM11.4 million in 4QFY2022, as well as lower depreciation charges of RM17.2 million in the current quarter, said the offshore support vessel (OSV) operator in a filing with Bursa Malaysia.
Oil and gas (O&G)-linked stocks on Bursa Malaysia retreated on Wednesday morning (Dec 7), as crude oil prices opened mixed, and hovered below the US$80 per barrel mark.
Energy-linked stocks on Bursa Malaysia rose on Monday (Dec 5) morning as oil prices jumped. At the time of writing, Icon Offshore Bhd had risen 3.23% or half a sen to 16 sen a share, Velesto Energy Bhd gained 3.13% or half a sen to 16.5 sen, Hibiscus Petroleum Bhd added 1.79% or two sen to RM1.14, Perdana Petroleum Bhd rose 3.85% or half a sen to 13.5 sen, Bumi Armada Bhd was up 3.03% or 1.5 sen to 51 sen, and Uzma Bhd gained 4.67% or 2.5 sen to 56 sen.
KUALA LUMPUR: Perdana Petroleum Bhd's wholly-owned subsidiary Perdana Nautika Sdn Bhd has received a work order amendment and extension from PETRONAS Carigali Sdn Bhd for the charter of an anchor handling tug and supply vessel.