Maybank’s glowing offshore approval

Kuala Lumpur: Maybank Investment Bank Research is bullish on prospects for offshore operators in the region.

In an oil and gas report out today, the research house said Perdana Petroleum and Singapore-listed Ezion are its top picks for offshore support vessels (OSVs) exposure, and UMW Oil and Gas and Yinson for jack-up rigs and floating production, storage and offloading (FPSO) vessels respectively.

“Nam Cheong and Vard are our preferred stocks in shipbuilding. SILK and Coastal Contracts are interesting (both Not Rated), from the perspective of value and earnings growth potential,” it said.  [04/08/14]

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