10 Dec 2019
(Stocks Discussion) SGX: Kim Heng Offshore & Marine Holdings Limited (SGX: 5G2)?
Discuss anything about Kim Heng Offshore & Marine Holdings Limited SGX: 5G2 share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment in Kim Heng Offshore & Marine Holdings Limited SGX: 5G2
The Oil & Gas sector has been hit since 2015 and even though there have been thoughts of market recovery, everyone knows it will not go back as it was. I myself am in the Oil & Gas industry and have been talking to several experienced industry personnels, even if 1 day oil prices spike up, it'll still be a temporary movement.
And as what Wallace said, they are capital intensive, have to spend a lot of money first, hope oil prices are good, and then that's where the business lies. As of now (and probably never), I will not invest in this industry despite if their balance sheets are perfect (3 years ago, almost all oil majors have beautiful balance sheets by the way).
This stock is a small cap stock with a declining share price.
It is in the Oil and Gas sector which...
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