OSK Research Sdn Bhd said it has "buy" ratings on KNM Group Bhd, Kencana Petroleum Bhd and Dialog Group Bhd.
The three companies are the "likely beneficiaries" of a planned US$10 billion refinery in Malaysia, OSK said.
"Any additional new capital expenditure spending into the oil and gas industry will create more job opportunities for our local players," OSK said in a report today.
At midday close, KNM Group, Malaysia's biggest listed oil and gas services provider, rose 4.8 per cent to 87.5 sen, set for the highest level since June 25. It's the most active on the Kuala Lumpur stock exchange with 94 million shares traded.
Thursday, July 16, 2009
'Buy' ratings for KNM, Kencana, Dialog (BT)
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