Maybank IB Research points out that MISC is tendering for five offshore jobs in Brazil, Malaysia, Thailand and Qatar. It’s tender pipeline is about US$4bil with the bulk of it in offshore projects, and the remaining in LNG and petroleum segments.
KUALA LUMPUR: The tide is turning in favour of MISC Bhd
, bolstered by the group's expanding fleet in Brazil and the prospects of big contract wins.
Most analysts, who attended the company's briefing last Wednesday came out bullish about the energy shipper's outlook. The stock jumped 4.6% on Thursday, before ending the week with another 3.5% gain.
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