RH Petrogas

RH Petrogas announces update on Piarawi-1 exploration well  - THE EDGE SINGAPORE

Oil & Gas

RH Petrogas announces update on Piarawi-1 exploration well

The well has since been drilled to a total depth of 11,050 feet as at March 2024.
UOBKH maintains ‘buy’ call on RH Petrogas with lowered TP despite strong 1HFY2024 results  - THE EDGE SINGAPORE

Broker's Calls

UOBKH maintains ‘buy’ call on RH Petrogas with lowered TP despite strong 1HFY2024 results

This comes on the back of increasing oil prices as well as a “steady” y-o-y oil production by RH Petrogas.

Results

RH Petrogas triples net profit in 1HFY2024

RH Petrogas' net profit has tripled y-o-y in 1HFY2024

Broker's Calls

UOB Kay Hian keeps ‘buy’ call on RH Petrogas, raises target price to 24.2 cents

UOB Kay Hian keeps ‘buy’ call on RH Petrogas, raises target price on the back of successful FY2023 and exploration upside.

Oil & Gas

RH Petrogas commences drilling of new exploration well

The company had plugged two other exploration wells late last year

Broker's Calls

UOBKH adds CLAS and SATS, drops RH Petrogas, SIA Engineering and FEHT from alpha picks

UOBKH’s alpha picks portfolio outpaced the STI in 4QFY2023 and the full year, gaining 2.2% and 8.7% on an equal-weighted basis.

Broker's Calls

UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks

UOBKH’s alpha picks portfolio beat the STI by 4.7 ppts, “overcoming weak investor sentiment in September”.

SGX Research Series: 10 in 10

RH Petrogas is embarking on transformation through oil and gas

RH Petrogas has a track record of maintaining steady production despite the natural decline of its mature fields

Oil & Gas

UOB Kay Hian keeps ‘market weight’ call on oil & gas sector as RH Petrogas and Rex even out

Analyst Adrian Loh has kept "buy" on RH Petrogas and "sell" on Rex International.
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