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.
KUALA LUMPUR: MISC Bhd
will be working hard this year to sustain the performance it had in 2016.
President/group chief executive officer Yee Yang Chien said the four core business segments in MISC faced different challenges but its portfolio of assets will continue to generate pretty stable income, despite the challenging market condition.
“Our current portfolio of assets will underpin our ability to sustain profits, but overall in 2017 our focus is very much on replenishing our growth projects,” Yee told reporters after MISC’s 48th AGM here this afternoon.
MISC’s four core business segments include LNG shipping, offshore business, petroleum and products shipping, and marine and heavy engineering.
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