In his July 25 report, Loh notes the “exciting” programme for the 2HFY2023 for RH Petrogas, which highlights an “interesting high risk/high reward period for investors in the stock”.
UOB Kay Hian analyst Adrian Loh has maintained “market weight” on the oil & gas (O&G) sector as the two companies within the brokerage’s coverage, RH Petrogas and Rex International even out.
Seeing Rex as the yin to RH Petrogas’ yang, Loh has kept his “buy” call on the latter with a target price of 25 cents.
