From sharp cuts to Chinese oil production to falling inventories of refined fuel products, signs are mounting that Asia's oil markets are slowly returning to balance.
SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.
“Currently, many companies are now trading at about 0.5x book or lower, with a few exceptions,” says OCBC lead analyst Low Pei Han in a Wednesday report.
The challenge now, Low says, is in “picking companies with the ability to ride the downturn” and “identifying the inflection point in which a sustainable recovery would begin”.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ferdtwh
760 posts
Posted by ferdtwh > 2016-10-12 13:43 | Report Abuse
the volume normal only..... and up abit because of oil price rally......