CGS-CIMB Research, for one, reiterated its “add” rating on MISC, noting that the strong floating storage demand was leading to robust tanker freight rates, while the company’s strong cash balance would continue to support healthy dividends to shareholders. (Pic shows MISC LNG tanker Camellia)
PETALING JAYA: While MISC Bhd
’s earnings and cash balance will be hit after it recently lost the arbitration case on its dispute with Sabah Shell, some analysts remain positive on the prospects of the oil tanker company.
CGS-CIMB Research, for one, reiterated its “add” rating on MISC, noting that the strong floating storage demand was leading to robust tanker freight rates, while the company’s strong cash balance would continue to support healthy dividends to shareholders.
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