Daily Market Report (17 May 2019)
- Crude oil price strengthened to USD72.80/barrel as tension in the Middle East escalates. Crude oil price have had gained by more than 35% year to date from USD53.80/barrel as at beginning of the year.
- If prevailing price is sustainable, we reckon more crude oil related jobs could be in the offing hence should boost the O&G players. Companies like Dialog, Hibiscus, Dayang, Uzma, Serba Dinamik and Straits Inter Logistics are some of our favourites.