That said, Yeap sees a “longer-term” shift towards clean energy, and one that has been underway since 2004. He also believes that the trend towards sustainable energy will continue.
A fall in the US dollar is “generally positive” for the US energy sector, which comprises companies in oil and gas exploration, transport and storage and product refining, says PhillipCapital analyst Yeap Jun Rong.
See also: PhillipCapital is 'neutral' on Singapore banking sector, while UOB Kay Hian remains upbeat
