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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Kenanga Research , MISC , shipping , freight

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read