Saturday, August 24, 2013
MISC a Long Term Recovery Story
Though MISC’s Q2 profit dipped 20% to RM300.9m, its net profit for the first six months of the year at RM601.3m was better than the net loss of RM89.7m in the previous year.
Wong Chew Hann, Head of Research at Maybank Investment Bank talks about her response to the results as well as the following areas:
- segment that has performed the best
- outlook for shipping market
- impact of Petronas no longer chartering additional LNG ships from MISC
- share price hit a one-year high of RM5.85 on 23 July. how much does failed takeover attempt weigh on the stock, if at all.
- catalysts ahead
- valuation, target price.