PETALING JAYA: Maybank Investment Bank (IB) is maintaining its “positive” call on the oil and gas (O&G) sector amid a more positive picture painted in the Petroliam Nasional Bhd (PETRONAS) Activity Outlook (PAO) 2023-2025.
It said five segments – drilling, fabrication, offshore support vessel (OSV), pipelines, and maintenance operations – are expected to see an increase in activities this year.
“All in, we expect PETRONAS to meet our RM100bil core net profit estimate for 2022,” Maybank IB said in a research note yesterday.
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