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.
They included:
(1) US$53mil impairment on MMHE’s goodwill and assets,
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