MISC’s Q4 downside likely mitigated

Maybank Investment Bank’s (Maybank IB) research arm said this in a report to clients, adding that the company, which is involved in international energy-related maritime solutions and services, had a petroleum fleet with a favourable term-to-spot ratio that could provide some support for its Q4’21 performance.(File pic shows MISC's LNG tanker Camellia.)

PETALING JAYA: MISC Bhd is expected to have “pulled through” a difficult fourth-quarter 2021 (Q4’21), after performing “admirably” in Q3’21 despite tepid spot rates in both the liquefied natural gas (LNG)/petroleum segments.

Maybank Investment Bank’s (Maybank IB) research arm said this in a report to clients, adding that the company, which is involved in international energy-related maritime solutions and services, had a petroleum fleet with a favourable term-to-spot ratio that could provide some support for its Q4’21 performance.