KUALA LUMPUR (Dec 23): AffinHwang Capital Research has maintained its “Hold” rating on MISC Bhd at RM7.26 with an unchanged target price of RM7.40 and said the downtrend in liquified natural gas (LNG) rates suggest a less attractive rate for MISC’s upcoming expiring LNG vessels.

In a note Tuesday, the research house said that on the petroleum segment, it continues to expect rates to improve, but that chemical tanker rates were expected to remain subdued.

“All in, we remain neutral on MISC as we believe most of the positives have been reflected in its share price,” it said.