RHB Favours O&G Upstream Services, Top Picks Dayang, Dialog and Yinson
RHB Favours O&G Upstream Services, Top Picks Dayang, Dialog and Yinson
The upstream services players in the oil and gas (O&G) sector were expected to perform well in light of sustained activities due to the backing of the national oil company's capital expenditure (capex) allocation of RM50 billion to RM60 billion in 2024.
鑑於該國家石油公司2024年500億至600億令吉的資本支出（capex）撥款的支持，石油和天然氣（O&G）行業的上游服務參與者預計將表現良好。
In a report released today, RHB said it still favoured the upstream service providers.
在今天發佈的一份報告中，RHB表示，它仍然偏向上游服務提供商。
Among its top picks were Dayang Enterprise Holdings Bhd (with a 52-week target price of RM2.95), Dialog Group Bhd (RM2.79) and Yinson Holdings Bhd (RM3.06).
其首選包括大陽企業控股有限公司（52周目標價爲2.95令吉）、Dialog Group Bhd（2.79令吉）和銀森控股有限公司（3.06令吉）。
In the report, it noted that Petronas' profit after tax (excluding impairments) fell by 17% YoY to RM87 billion and that it paid a RM12 billion dividend to the Government in 4Q23, bringing FY23 payments to RM40 billion.
它在報告中指出，國油的稅後利潤（不包括減值）同比下降17％，至870億令吉，並在23年第四季度向政府支付了120億令吉的股息，使23財年的付款額達到400億令吉。
It said Petronas has approved a dividend of RM32 billion in FY24, payable over March-December. Its net cash position remained flat QoQ at RM108 billion, as of 4Q23.
它說，國油已批准在24財年派發320億令吉的股息，將於3月至12月支付。截至23年第四季度，其淨現金狀況環比持平，爲 RM108 億美元。
On oil price, it noted that Petronas president/group CEO Tan Sri Tengku Muhammad Taufik Tengku Aziz had expected a correction in oil prices in 2024 amid prolonged uncertainty in the market as the Middle East conflict continues, with a projection of US$73/bbl in the near term and US$63/bbl in the long term.
關於油價，它指出，隨着中東衝突的繼續，國油總裁/集團首席執行官丹斯里騰庫穆罕默德·陶菲克·騰庫·阿齊茲曾預計，隨着中東衝突的繼續，市場長期存在不確定性，油價將在2024年出現回調，預計短期內爲73美元/桶，長期爲63美元/桶。
"We have more bullish oil price assumptions of US$85/bbl and US$80/bbl for 2023-2024. Oil prices may rise in the near term if geopolitical tensions continue to escalate," it said.
“我們對2023-2024年油價的看漲假設爲85美元/桶和80美元/桶。它說，如果地緣政治緊張局勢繼續升級，油價可能會在短期內上漲。”
譯文內容由第三人軟體翻譯。