Malaysia's oil and gas sector is expected to benefit from potentially higher Petronas capital expenditure by 2027 and rising energy-security investments across the region, Hong Leong Investment Bank analyst Thye May Ting says in a note. The sector could continue to be supported by stronger upstream earnings, improving oil and gas services and equipment order flows, and sustained demand for storage, pipelines and broader energy infrastructure, she writes. Thye cuts her 2026 Brent forecast to $80 a barrel from $90 a barrel after an easing in geopolitical tensions. She keeps her Brent price forecast at $75 a barrel for 2027. Hong Leong keeps an overweight rating on Malaysia's oil and gas sector, naming Dialog Group as its top pick. (yingxian.wong@wsj.com)