MISC’s RM20bil capex to spur long-term growth

CIMB Research forecasts earnings to grow at a 13.1% compounded annual growth rate between FY26 and FY29, driven by 9% revenue growth.

PETALING JAYA: MISC Bhd is entering its next phase of growth, underpinned by a disciplined capital expenditure (capex) programme as new vessel deliveries are expected to strengthen earnings through 2030.

CIMB Research, which is maintaining its “buy” call on the stock and raising its target price to RM9.25 from RM9.19, said it came away from the company’s MISC Up Close 2026 briefing feeling reassured by the group’s long-term prospects.