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1. Vaccine is about time to distribute
2. US presidential election is around the corner
3. Malaysia budget the next coming week will definitely emphasize on the local o&g.
4. PNB and UHJ still hold this stock at large.
In my opinion, this is the long term investment counter. One fine day, vaccine will be there and the oil demand will slowly catch up and stabilise. This counter is not suitable for the intraday profit taker, u may go for dpharma counter if you want to do that..instead of making noise here. Hold this counter while the price is cheap.
"Those who want to gamble on the oil market will be ouching like hell,” said Prince Abdulaziz bin Salman, who decides on the energy policy of the world’s most influential oil producing country, said, adding: “I will make this market jumpy.” 18 Sept 2020