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O&G sector still has upside on further capex spending by oil majors

BURSA Malaysia-listed oil and gas (O&G) companies have seen more activity and interest in the past half year than most sectors, buoyed by the reopening of China, elevated global crude oil prices and higher capital expenditure (capex) spending by oil majors, particularly Petroliam Nasional Bhd (Petronas). Even so, some analysts are of the view that there is still a lot of gas left in the tank for the sector as they say the recent activity only marks the start of an upcycle because average crude oil prices are projected to go higher in 2023. ....

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New access pricing to have little impact on TM

The new high speed broadband wholesale access pricing is expected to have little impact on Telekom Malaysia Bhd’s (TM) broadband packages. ....

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Strong order book puts SunCon on steady footing

The prospects for Sunway Construction Group Bhd (SunCon) look bright, partly backed by its strong order book and active tenders, analysts say. ....

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MNC spending a boon for Penang developers

KUALA LUMPUR: Property developers in Penang are set to benefit from the opening of new factories by both local and multinational corporations (MNC) as well as state government projects and population growth. ....

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Malaysia, Singapore casinos in for a buoyant year

Casinos in Malaysia and Singapore are expected to enjoy a buoyant 2023, with the return of China tourists, following the full borders reopening of the world’s second-largest economy. ....

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