Mun Siong Engineering

[dydx]

Considering the headwind in o&g and the coming financial crisis, I think the share price would stay depressed for a prolonge period of time.

[ stay vested without upsize ]

Suggest that a distinction needs to be made between upstream and downstream o & g. Upstream is directly and adversely affected by the fall (crash?) in prices. However, downstream they take those raw materials and turn them into feedstock for plastics and other products. Reducing raw material costs should be beneficial in terms of future demand, at least in the medium term. Mun Siong appear to be primarily involved in downstream, so what is happening to o & g prices may be less of an issue than the current weakness in China and the effect that is having throughout Asia.

Smart observation! Fully agreed.