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PETALING JAYA: MISC Bhd is expected to monetise its Mero 3 floating production, storage and offloading (FPSO) asset by offering a 50% equity stake when the vessel is ready.
PETALING JAYA: Analysts are upbeat about MISC Bhd’s Mero-3 project win as it marks the company’s maiden venture in the Brazilian floating production storage and offloading (FPSO) market.
PETALING JAYA: The proposed new port fees against China-owned and China-built ships by the United States may impact Westports Holdings Bhd and MISC Bhd.
PETALING JAYA: Analysts continue to have a favourable view of MISC Bhd, given its steady operating cash flow and solid balance sheet that allows it to pursue new growth opportunities such as the floating production storage and offloading (FPSO) vessel market.
PETALING JAYA: MISC Bhd is poised for a stronger performance in the second half of 2024 (2H24), buoyed by a mix of steady operations, strategic developments, and favourable market conditions.
It's that time of the year to dive deep into comic characters based on the latest animal to come around the Chinese zodiac – this year, it’s the snake’s turn to get the spotlight.
MISC Bhd now has the ability to bid for more new floating production storage and offloading (FPSO) projects as well as complete its future jobs, say analysts.
MISC Bhd could potentially register further impairments for its floating, production, storage and offloading vessel (FPSO) Mero 3 in the near term.
The bullish outlook for the petroleum and gas sub-segments in the near term, as well as the commencement of charter revenues for floating production storage and offloading (FPSO) vessel Marechal Duque de Caxias (Mero 3), is expected to put MISC Bhd on a more favourable earnings growth trajectory.
MISC Bhd is more optimistic on the progress of the Mero-3 floating production, storage and offloading (FPSO) vessel that is being built for the Petrobras-operated ultra-deepwater Mero field offshore Brazil
UOB Kay Hian Research (UOBKH Research) is retaining its optimistic outlook on MISC Bhd, underpinned by the group’s strategy which is focused on long-term growth and a sustainable earnings base.
PETALING JAYA: MISC Bhd should enjoy a step-up in cashflow and earnings from the Mero-3 floating production storage and offloading (FPSO) vessel’s contribution by 2025, says UOB Kay Hian Research.
Shares of MISC Bhd have trended down, while those of Bumi Armada Bhd have risen following last week’s confirmation that the two parties have started merger talks on the former’s floating production, storage and offloading (FPSO) assets.
KUALA LUMPUR: Kenanga Research has lifted its target price on MISC Bhd after projecting additional earnings from time-charter contracts for three newbuild LNG carriers signed with Qatar's state-owned oil firm.
PETALING JAYA: The gas asset market is likely to stay robust, with another US$750mil to US$1bil (RM3.43bil to RM4.57bil) worth of job opportunities up for grabs next year for MISC Bhd, according to RHB Research.
The latest developments in MISC Bhd’s operations, involving the construction of liquefied natural gas (LNG) carriers and new time charters, have set the tone for the shipping company to further elevate its business and rejuvenate its LNG fleet with modern, efficient vessels.
The Global Anti-Base Erosion (GloBE) tax rules that will take effect in Malaysia and Singapore by January next year will likely have a limited impact on oil and gas (O&G) companies in Malaysia, says CGS International (CGSI) Research.
PETALING JAYA: Petrobras is close to awarding MISC Bhd with its first floating-production storage and offloading (FPSO) job in Brazil for the Mero-3 but the execution risks are high.
