MISC shares to climb further

MISC Bhd shares, which closed at a two-month high of RM9.70 on Wednesday, are expected to climb further on potentially lucrative contracts arising from developments in alternative energy sources, analysts said. 

ECM Libra Securities Sdn Bhd said the national shipping corporation stood to gain from China National Offshore Oil Co Ltd's (CNOOC) search for alternative liquefied natural gas (LNG) sources, especially since the Chinese company's talks with Chevron Corp on a long-term supply have stalled.