MISC Coursing Through a Shipping Glut

Wan Mohd Zahidi, Analyst, RHB Research

13-Dec-16 09:20

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MISC Berhad 3Q'16 revenue declined 8% y-o-y to RM2.29b, on the back of lower petroleum contribution. It is also embarking on a fleet expansion, with four new LNG vessels expected to be delivered between 2017 to 2018. However, looming concerns of a shipping glut may weigh on growth.

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Tags: Malaysian equities, MISC Berhad, crude oil prices, shipping sector

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