Institutions: Despite the ongoing conflict in the Middle East, investors should not chase after Asian oil and gas agency stocks.

The research department of DBS Group stated that although oil prices have risen during the Middle East conflict, investors should not rush to buy Asian oil and gas proxy stocks. The bank said that regional oil and gas stocks have been among the best-performing stocks since the beginning of the year, even accumulating about a 20% increase before the conflict erupted. DBS Group predicts that upstream oil and gas stocks will have a relatively muted response, and given the uptrend since the beginning of the year, the share prices of refining companies may experience some downside. The increase in oil prices is unlikely to substantial profit increases unless supply disruptions severely affect physical supply for a prolonged period of time. DBS Group added, "Given the large and uncertain fluctuations in current oil prices, we tend to avoid revaluing oil-related stocks based on spot prices rather than long-term prices."