MBSB keeps positive call on Malaysia's O&G sector, MISC and Dialog top picks
MBSB Research has maintained a positive outlook on Malaysia's oil and gas sector after oil prices topped US$100 a barrel, expecting upstream activity, tanker demand and storage utilisation to stay firm. It estimates every sustained US$1 rise in Brent adds RM300 million to RM350 million in annual government revenue, though the fuel subsidy bill could grow. MISC Bhd and Dialog Group Bhd are its top sector picks.