MISC earnings could pick up in 2H on higher oil production

KUALA LUMPUR: Kenanga Research is hopeful of better earnings for MISC Bhd in the second half of its financial year in anticipation of increased global oil production, off the back of a weaker first quarter.

The research house said MISC's recent quarterly core earnings result of RM454mil was within expectation, arriving at 21% and 24% of its and consensus full-year estimates.