Category Archives: Skpetro

Stock to Watch: Skpetro [5218]

Being Malaysia’s first full-fledged EPCIC (engineering, procurement, construction, installation & commissioning) player and the fifth largest EPCIC company by assets in the world, this giant deserves our attention. SapuraKencana Petroleum’s wide range of services, which is comparable to global players such as Technip, J.Ray McDermott and Saipem, and its strategic partnership with global oil and gas (O&G) players such as Seadrill, Subsea 7 and Quippo have enabled the company to gain a strong foothold in the international O&G market. It’s global presence, coupled with the liquidity and wavy movements of its shares, provides traders ample of opportunities to profit and thus we would definitely want to have this share in our watchlist. Let’s analyse the chart together.