Maybank IB downgrades MISC to 'hold' following unfavourable arbitration decision


KUALA LUMPUR: MISC Bhd could be taking a hit to its cash balance as the latest arbitration decision on its dispute over FPS Gumusut-Kakap did not lean in its favour.

Maybank Investment Bank research downgraded MISC to a hold recommendation from buy as it factored in a payment of US$325mil and a lower lease rate for the vessel.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In