MONEY MASTER

Malaysian energy stocks are hitting their peak, but the real shift is happening beneath the surface. Key Points Energy earnings likely peak in 2Q2026 Oil stabilising around  ~US$80/barrel Geopolitical risk premium is fading  after US-Iran deal Earnings to  gradually ease from July onwards Sector remains  overweight , but momentum is slowing The oil story is no longer about war risk, it’s about how quickly supply returns and whether demand is strong enough to keep prices near US$80. From War Rally to Normalisation The past few months were driven by: Supply disruptions Shipping constraints Risk premium from Middle East tensions Now, that narrative is shifting: Supply is  gradually returning Production is  coming back online Logistics are  normalising The energy sector is transitioning from a geopolitical-driven rally to a normalisation phase Why Oil Won’t Crash (Yet) Even with peace developments: Infrastructure repairs take time Tanker flows recover grad...

Investors eyeing the oil and gas (O&G) sector for bargains might want to pump the brakes.  Kenanga Investment Bank warns it’s  too early to bottom-fish , as earnings downgrades are likely ahead — especially for upstream service providers heading into FY2026. Despite recent price dips across the board, the firm urges a  wait-and-see approach  until there’s more clarity on global energy dynamics and Petronas-related developments. Weak Outlook for Upstream & Petrochemicals Kenanga sees a  sluggish stretch ahead  for local upstream O&G players. Their concern? The  lack of catalysts  to drive Brent crude prices higher in the near term. Even geopolitical tensions aren’t pushing prices sustainably higher, unlike previous rallies sparked by shocks like the Arab Spring. In parallel, the  petrochemical segment continues to struggle , stuck in a prolonged downtrend with product prices stagnating around  US$1,000/mt  since Q4 2024. ...

MISC, Petronas Gas, Petronas Chemicals, Seacera Group, Titijaya Some of these companies are likely to be in focus given the recent announcement, rumours and news surrounding them.   MISC Bhd The Group's net profit for the third quarter ended Sept 30, 2016 (3QFY16) plunged 72.3% year-on-year to RM134.13 million, mainly because of the negative performance of its petroleum segment as well as a weaker performance from its liquefied natural gas (LNG) and heavy engineering segments. Revenue was down 8.8% y-o-y at RM2.29 billion, from RM2.51 billion when net profit was RM483.56 million, as weaker revenue was recorded across petroleum, heavy engineering and LNG segments. No dividend was declared for the current quarter. Its net profit for the cumulative nine months ended Sept 30, 2016 (9MFY16) however was up 19.6% to RM2.05 billion against RM1.72 billion, mainly driven by its 'others, eliminations and adjustment segment', which swung back to the bla...