Impact of Oil Prices to the Malaysian Economy
30-Nov-17 09:15
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Aaron Tan talks to us about how oil prices have affected Malaysian equities in recent years.
He also gave his outlook on the global demand and supply for oil. Tan expects Brent crude to average around US$60 per barrel in 2018.
His top picks for the upstream oil and gas sector are Dayang Enterprise, Deleum and Sapura Energy. While for the downstream sub-sector sector, he likes Petronas Dagangan, Petronas Chemical, Petronas Gas and Gas Malaysia.
By year-end 2018, Tan predicts the KLCI to touch 1,900 points and expects GDP to be about 5.8% and the ringgit to hit RM4 per US$1.
Presented by: Joyce Goh
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Tags: Oil and Gas, O&G, Corporate, Currency, Ringgit