OSK Investment Research is maintaining a neutral recommendation on the oil and gas sector as the rebound in crude oil price to above US$50 is mainly due to short-term fundamentals.
In a research note issued on March 23, it said the long term fundamental aspects, especially the recovery in the global economy), had yet to manifest themselves.
“Our top buys remain: Alam Maritim (BUY, Target Price: RM1.40), Dialog (BUY, TP: RM1.32), Kencana (BUY, TP: RM1.78), and Wah Seong (BUY, TP: RM1.93),” it said.
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