Bursa Malaysia Stock Watch

MISC: Maintain Hold - Turning around

kltrader
Publish date: Fri, 17 Aug 2012, 10:12 AM
kltrader
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  • Maintain Hold, TP unchanged at MYR4.80. Results are tracking to expectations as 2Q12's earnings recovery was solely fueled by MISC's exit from the liner operations, a major drag to earnings in the past.
  • While operations are set to improve in 2H, the chemical and petroleum shipping will continue to drag earnings over the next 2 years. Our TP is based on 1x PBV.
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Source: Maybank Research - 17 August 2012
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alexmichael

One of a better managed GLC if u analysed past fiscal records. Most disgraceful GLC is MAS. Despite in a monopolistic bizness it hardly made any profits. If I remembered vividly it has been rescued a few times yet still can't stand on its own two feet. Bilions of taxpayers money blatantly wasted.

2012-08-17 10:30

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