Oil and gas stocks shot up after the government announced some major plans for the industry under the Economic Transformation Programme.
Read more: Oil & gas stocks rally on news of big plans http://www.btimes.com.my/Current_News/BTIMES/articles/FAB99/Article/#ixzz1GFLzyJD5
Chief among them was RG Gas and Chemicals Sdn Bhd's planned RM3 billion investment over 10 years to build an integrated oil and gas hub on Pulau Daat, Labuan. This boosted investor interest on fabrication companies yesterday.
It was announced on Tuesday that RG Gas intends to build a hub that will provide land-based logistics and support services such as fabrication yards and tank farms.
AmResearch Sdn Bhd named companies such as Dialog Group Bhd, KNM Group Bhd and Kencana Petroleum Bhd as expected bidders for portions of the work.
Read more: Oil & gas stocks rally on news of big plans http://www.btimes.com.my/Current_News/BTIMES/articles/FAB99/Article/#ixzz1GFLzyJD5
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