KUALA LUMPUR: The cash value of oil and gas special purpose acquisition companies (SPACs) have given life to the stocks.
Share prices of SPACs CLIQ Energy Bhd and Sona Petroleum Bhd have surged by 9.7% and 12.5% each, outperforming the KLCI index and were above fixed deposit rates since December last year, said Hong Leong Investment Bank (HLIB) Research.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
