CIMB Research warned that the storm clouds of a major tanker freight rate correction can already be seen in the horizon, newbuilding deliveries expected to pick up considerably from 4Q15, and potential oil output cutbacks in 2016. The window to invest profitably in MISC is slowly, but surely, narrowing.
LNG shipper’s income rallies 81% on GKL contribution
PETALING JAYA: MISC Bhd
posted an 81% surge in net profit in the second quarter but slower activities in the oil and gas (O&G) sector dragged down its revenue.
