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Assessing UMW O&G Acquisitions

Sean Lim, Analyst, Kenanga Research

27-Jan-17 09:20

Assessing UMW O&G Acquisitions

UMW O&G proposed bid to acquire Icon Offshore and Orkim, both from Ekuinas may signal a start to a consolidation cycle in the local oil & gas sector, as players band-up due to the challenging environment. We also discuss Yinson's recent CRD project win in Vietnam and expected earnings contribution. 


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Tags:  Malaysia equitiesoil and gas sectoroil and gasUMW O&GIcon OffshoreOrkimEkuinasYinsoncapex cuts


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