MISC Coursing Through a Shipping Glut
Wan Mohd Zahidi, Analyst, RHB Research
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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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