GSS Energy

GSS Energy | BUY

Aug 16 close: 13 cents

Target price: 22 cents

Broker: RHB Securities Research, Aug 16

We expect the precision engineering business to be more robust in the second half of the year, while oil exploration results on its second well are expected to be made known soon.

With rising oil prices, especially over the last few months, GSS is expected to benefit directly. With a positive outlook ahead affirmed by its recently implemented dividend policy, we believe the company is at an inflection point, and think that the current weakness represents a good opportunity to accumulate the stock.

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