KUALA LUMPUR: After a year-on-year (y-o-y) drop in core earnings over the first half of the year, MISC Bhd
could continue to see negative pressure on its earnings as the short-term outlook for petroleum tanker spot rates remains challenging.
According to Kenanga Research, the petroleum tanker spot rates could be the biggest external risk to MISC's quarter-to-quarter earnings fluctuations as 28% of its petroleum shipping fleet is exposed to the spot market.
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