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PETALING JAYA: While commentators have been quick to question Petroliam Nasional Bhd’s (Petronas) plan to take private its 62.7%-owned subsidiary MISC Bhd, industry experts have pointed out that the exercise may largely be driven by the turbulent times being faced by MISC’s petroleum tanker business.
MISC Bhd’s latest move to exit its profitable tank terminal business comes about as rather unsurprising to market observers, largely because of the company’s strategy to focus on its four core businesses.
WHILE many other oil and gas related companies are facing a bleak outlook because of prolonged low oil prices, MISC Bhd expects to be able to maintain its earnings this year.
ENERGY shipping firm MISC Bhd’s recent undertaking of a US$1.1bil (RM4bil) liquefied natural gas (LNG) shipbuilding project is indication of one thing – that the once-troubled entity is back on its feet with a healthier balance sheet and expanding cautiously in a challenging industry.
Online investment advisor Surf88.com on MISC.
PETALING JAYA: In a move that has caught the market by surprise, Petroliam Nasional Bhd (Petronas) is offering RM5.30 per share to buy out minority shareholdings in MISC Bhd, with the intention of taking the latter private.
PETALING JAYA: Analysts view the latest move by Petroliam Nasional Bhd (Petronas) to procure its liquefied natural gas (LNG) tankers directly rather than from MISC Bhd as disappointing and negatively impacting the sentiment surrounding the latter.
PETALING JAYA: MISC Bhd may gain up to two-third majority control in Bumi Armada Bhd if a deal to inject its offshore assets into the latter for shares pans out, analysts said.
THE planned privatisation of MISC Bhd will surely attract a lot of investor interest. After all, it is a market heavyweight and its exit will wipe out a whopping RM20bil in market capitalisation from Bursa Malaysia.
KUALA LUMPUR: Moody’s Investors Service said Petroliam Nasional Bhd’s (Petronas) decision to directly procure newbuild liquefied natural gas (LNG) ships to meet its LNG transportation needs had no credit impact on subsidiary MISC Bhd.