Oil and gas (O&G) players say they have more or less made the required impairments that have come about due to weak crude oil prices.
However, large impairments seem to have come from the big boys of the O&G industry, while not many of the smaller players have set aside provisions for their assets.
Heading the list of impairments is SapuraKencana Petroleum Bhd that has booked in impairments of RM1.7bil in its last two quarters.
The others that have bitten the bullet are Malaysian Bulk Carriers Bhd that has an impairment of RM900mil, followed by service providers Icon Offshore Bhd and UMW Oil & Gas Corp Bhd (UMW O&G) that have provided for RM377mil and RM347.7mil.
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However, large impairments seem to have come from the big boys of the O&G industry, while not many of the smaller players have set aside provisions for their assets.
Heading the list of impairments is SapuraKencana Petroleum Bhd that has booked in impairments of RM1.7bil in its last two quarters.
The others that have bitten the bullet are Malaysian Bulk Carriers Bhd that has an impairment of RM900mil, followed by service providers Icon Offshore Bhd and UMW Oil & Gas Corp Bhd (UMW O&G) that have provided for RM377mil and RM347.7mil.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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