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O&G stocks are at best trading plays post-Opec cut: UOB Kay Hian

But it cautions against yards not being able to replenish their order books

Singapore

OIL and gas (O&G) counters remain at best trading plays despite Opec's (Organization of the Petroleum Exporting Countries) agreement to cut production, lifting sentiments in the sector, a UOB Kay Hian research note said.

UOB Kay Hian in its Dec 9 sector update cautioned against shipyards not being able to replenish their order books even after O&G capital expenditure recovers. The brokerage noted production orders are expected to take centre stage on an O&G capex rebound.

Within the O&G production...

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