Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 10): BIMB Securities Research has initiated coverage on MISC Bhd at RM8.0 with a “Hold” rating and target price of RM9 and said MISC has a strength of 125 vessels covering not only LNG, but also in Petroleum and Chemical Shipping.

“We kick start our coverage on MISC with our SOP valuation of RM9.00 premised on FY16 figures on back of stronger petroleum charter rates and slight favourable foreign currency gain amid the strengthening US dollar. Hold,” it said in a note today.

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