Impairments a Drag on O&G 4Q'16 Results

Sean Lim, Analyst, Kenanga Research

09-Mar-17 09:20

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Oil & gas firms continue to see their earnings fall, as a result of large impairments in the upstream space, where aggregate impairment in FY16 more than doubled compared to last year.

Sean Lim, Analyst gives us a report-card of 4Q'16 earnings, and if he expects a boost in sentiment and job-flows from the resulting RM31b investment by Saudi Aramco in RAPID.

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Tags: Malaysia equities, oil&gas, Bumi Armada, Sapura Kencana, Yinson, Petronas, Rapid, crude oil prices, OPEC

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