Perdana Petroleum Bhd (7108.KL) traded down -3.57 % during a 24 hours period ending at 04:14 PM Central Europe on Monday 26th. One Perdana Petroleum Bhd stock can currently be bought for about MYR 0.14 on popular exchanges. Current supply of Perdana Petroleum Bhd stocks is 2.2 bn. Perdana Petroleum Bhd has a current market capitalization of MYR 300.8 mn and approximately MYR 474.7 k worth of Perdana Petroleum Bhd was traded on exchanges in the last 24 hours. Since last month end, Perdana Petroleum Bhd has traded -10 % down. Simple moving average of last 200 days is at MYR 0.16. The highest price of past 52 weeks was recorded at MYR 0.22 on 10/25/2026. 52 weeks low was at MYR 0.13 on 10/25/2026.
Summary of the latest news for Perdana Petroleum Bhd
Perdana Petroleum Bhd, listed on Bursa Malaysia, has seen its earnings affected by the current oil‑price environment and the pace of national oil company spending. The company’s profitability has lagged behind that of upstream producers and shipping operators, as its business model relies on contracts tied to PETRONAS activity rather than direct barrel sales. While higher crude prices have supported the broader oil‑and‑gas sector, the impact on Perdana has been muted by limited work orders and a focus on existing service agreements. Analysts note that any increase in PETRONAS capital expenditure or dividend allocation may eventually translate into higher contract volumes for Perdana, but the timing of such gains remains uncertain. The company’s financial performance therefore reflects the broader trend that producers benefit first, with service contractors awaiting downstream investment signals.
Here is how related stocks have performed in the past 24 hours:
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Deleum Berhad (5132.KL) traded up 0.56 % and now trades at MYR 0.92. Deleum Berhad has a market capitalisation of MYR 359.4 mn. Deleum Berhad has a current price to earnings ratio of 6.16. Higher crude prices following the Strait of Hormuz disruption have renewed interest in Malaysian oil‑and‑gas stocks. While producers such as Hibiscus Petroleum have benefited first, contractors and service providers, including Deleum Bhd, depend on how much the national oil company PETRONAS increases spending. Analysts note that the lag between price rises and downstream investment can be a year or more, and that current PETRONAS capex plans are modest amid legal disputes and dividend expectations. Consequently, Deleum’s earnings are likely to remain muted in the short term, with any upside arriving only as PETRONAS issues new work orders or expands existing contracts. The company’s performance will therefore depend on the pace of domestic upstream activity and the broader geopolitical environment affecting oil supply.
Nestcon Bhd (0235.KL) traded down -1.09 % and now trades at MYR 0.46. Current market capitalisation for Nestcon Bhd is MYR 354.5 mn. Nestcon Bhd has a current price to earnings ratio of 18.95.