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Oil prices to maintain influence and high prices, keeping oil-related stocks attractive: UOB Kay Hian

Bryan Wu
Bryan Wu7/12/2022 11:44 AM GMT+08  • 4 min read
Oil prices to maintain influence and high prices, keeping oil-related stocks attractive: UOB Kay Hian
A majority of Singapore’s diverse range of oil-related stocks in both upstream and downstream sectors generated strong positive free cash flow in 2021
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UOB Kay Hian analyst Adrian Loh has maintained his “overweight” rating for the oil and gas sector, with most of Singapore’s oil-related companies performing well in 2021.

A majority of Singapore’s diverse range of oil-related stocks in both upstream and downstream sectors generated strong positive free cash flow in 2021; half of them were in a net cash position as at end-2021, the analyst notes.

He adds that these companies are expected to maintain robust financials this year as oil and gas prices remain high.

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