MIDF Research believes that 2013 will be a bullish year for the oil and gas (O&G) industry globally as well as locally.
The research house reiterated its positive stance and recommended investors to ride on these upbeat prospects by raising portfolio exposures in O&G fabricating companies for growth potential and gas supply companies for consistent recurring income.
“We recommend investors to go long on SapuraKencana, Wah Seong, Gas Malaysia and Dialog Group,” it said in a research note.
MIDF Research said it believed this year will be packed with the awards of contracts, new O&G discoveries, and possibly more mergers and acquisitions to expand and strengthen income streams.
“We can expect a good mix of local, regional and international jobs to be awarded to Malaysian oil and gas players.