Altman Z-score for O&G counters

I was reading The Edge ... and saw this table of the O&G companies listed in KLSE. It has been long time I do not see analyst(s) using Z-score.

http://www.investopedia.com/terms/a/altman.asp

Note : A score below 1.8 means the company is probably headed for bankruptcy, while companies with scores above 3 are not likely to go bankrupt.

So .. for investors, generally we would consider those companies with Z-score above 3. NONE of those O&G in the list pass this score. So ... INVESTORS should avoid O&G counters. For traders, ok la ...buy-sell.


Here is a simple clip ... see? We could learn anything from youtube or investopedia.

TEH

http://cpteh.blogspot.my/2016/10/altman-z-score-for-o-counters.html