Assessing UMW O&G Acquisitions
Sean Lim, Analyst, Kenanga Research
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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 equities, oil and gas sector, oil and gas, UMW O&G, Icon Offshore, Orkim, Ekuinas, Yinson, capex cuts