KUALA LUMPUR: RHB Research expects a selldown on MISC Bhd
after Petronas failed to take MISC private as it has not met the required acceptance level for its buyout offer, just 3.93% below the required 90% ownership.
“We advise investors to accumulate on MISC as we see value in the company as prospects remains bright moving forward. Upgrade to Buy at RM5.88,” it said.
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