Brokers' Take

Singapore oil and gas > Neutral OCBC Investment Research, Feb 3

EVER since Opec announced that it will cut production - the first time in eight years - in late November last year, oil prices have increased from the mid-US$40s to the mid US$50s currently. Investors keen to gain exposure to oil plays have generally focused on the large caps like Keppel Corp (+16 per cent), Sembcorp Industries (+19 per cent), Sembcorp Marine (+9 per cent) and mid-sized Ezion Holdings (+20 per cent), possibly due to concerns that some smaller companies would face greater financial difficulties under the tough environment.

Singapore banks > Underweight CIMB Research, Feb 2