Misc's Outlook Buoyed by LNG, Offshore Growth

Dow Jones
Jul 24

0148 GMT - MISC's 19 asset additions, stronger contributions from fully owned LNG carriers, tanker upside and a growing offshore pipeline drive AmInvestment Bank to forecast a 12% three-year earnings CAGR for the company, analyst Aimi Nasuha Md Nazri says in a note. Near-term earnings are expected to be supported by firm tanker rates, while offshore growth is driven by rising floating production, storage, and offloading vessel awards, she says. Operating cash flow is projected at 5.0 billion ringgit-5.2 billion ringgit, supporting a sustainable dividend yield of around 5%, she adds. AmInvestment Bank maintains a buy rating on MISC and keeps its target price at 9.50 ringgit. Shares are 0.4% lower at 7.95 ringgit. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2026 21:48 ET (01:48 GMT)

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