Alam Maritim

OSK 2013 Strategy for Oil & Gas Sector


O&GOSK is bullish on the O&G industry in the immediate term as it would be very soon before new contracts are awarded, including:

  • RM8-10bn worth of hook-up commissioning in the Pan Malaysia cluster
  • marginal oilfields
  • replacement of expiring brownfield contracts.

OSK’s top picks for the sector is SapuraKencana Petroleum (BUY FV RM3.00), Dialog (BUY FV: RM3.45) and Dayang (BUYFV: RM2.90). They like these companies for their excellent track records and believe that in the event of a slowdown in contract awards, they would still have strong orderbook.

Below are the target prices and ratings for selected Oil & Gas stock.

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OSK 30 Jewels – Top Small Cap Companies 2012


This is the follow up from the earlier article on OSK 30 Jewels – Top Small Cap Companies posted in May. This time there are more detail figures in each stocks.

OSK Jewels Small Cap Companies was initially published by OSK in 2005. The selection of the 30 companies are based on Market Capitalization (<= RM1.5bn), Profit track record, Price earnings ratio (PER), Price to NTA (P/NTA), Net gearing, Return on Equity (ROE), Compounded Annual Growth Rate (CAGR) in earnings, Dividend prospects, Management track record & Stock and industry related catalysts.

Below are the full list of OSK 2012 Jewels which includes target price, forecast for 2012 PER & Dividend Yield.

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Stock Picks, OSK 2012 Jewels

Recently, during OSK’s small cap corporate day, OSK unveiled their 2012 Jewels. OSK Jewels actually is a list of small caps stock picks by OSK. They expect OSK Jewels to perform reasonably well during 2012. For the 2012 list, there are 31 stocks in the list.

The top picks are DAYANG (FV: RM2.34), JOHORETIN (FV: RM1.51), PRESTARIANG (FV: RM1.48) and TAKAFUL (FV: RM4.42).

Below are the full list of OSK 2012 Jewels.

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OSK Oil & Gas Sector Stock Picks, Feb 2012

O&G

As jobs visibility improves, 2012 should generally be a better year for the Malaysian O&G industry compared to 2011. This year and next year’s focus should still be on marginal oilfields. OSK expects the overlap of marginal oilfield and deepwater activities to boost O&G services providers’ utilization rates to their peaks.

The development of onshore O&G projects would also continue to hog the headlines moving forward.

OSK Maintains Overweight on the sector, with Kencana Petroleum and Dialog Group being the top picks.

Below are the target prices and ratings for selected Oil & Gas stock.

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OSK Oil & Gas Sector Stock Picks, Aug 2011

O&G

OSK remain OVERWEIGHT on the O&G industry and Buy calls on both Coastal and Dayang.

OSK like Coastal for its mergers and acquisition story. OSK re-iterate their view that it would be a matter of time before Coastal finds itself a suitable partner for M&A purposes.

OSK also like Dayang due to it’s stable, recurring income. This is because oilfield and platform maintenance are all-year-round jobs and having a slice of this business pie is always better than getting one-off jobs as they provide assurance of future earnings sustainability

Below are the target prices and ratings for selected Oil & Gas stock.

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