CGS-CIMB Research is keeping an add call on MISC Bhd, as tanker freight rates are expected to stay high in the second quarter ending June 30 (Q2), with an expected win of the Mero-3 FPSO contract. (File pic shows an MISC's tanker.)
PETALING JAYA: Clinching the Petrobras’ Mero-3 floating production, storage and offloading (FPSO) contract in Brazil and stronger freight rates could be near-term catalysts for energy shipper MISC Bhd
’s share price.
As such, CGS-CIMB Research is keeping an add call on MISC Bhd, as tanker freight rates are expected to stay high in the second quarter ending June 30 (Q2), with an expected win of the Mero-3 FPSO contract.
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