Highlights
KLSE: MISC (3816)       MISC BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
7.11   -0.09 (1.25%)  7.10 - 7.28  653,400
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Financials


Market Cap: 31,738 Million

Market Cap 31,738 Million
NOSH 4,464 Million

Latest Audited Result:  31-Dec-2020

Latest Audited Result: 31-Dec-2020
Announcement Date 23-Mar-2021
Next Audited Result: 31-Dec-2021
Est. Ann. Date: 23-Mar-2022
Est. Ann. Due Date: 29-Jun-2022

Latest Quarter:  30-Jun-2021 [#2]

Latest Quarter: 30-Jun-2021 [#2]
Announcement Date 13-Aug-2021
Next Quarter: 30-Sep-2021
Est. Ann. Date: 17-Nov-2021
Est. Ann. Due Date: 29-Nov-2021
QoQ | YoY   25.36%  |    79.90%

Annual (Unaudited) ( EPS: -1.00, P/E: -738.08 )

Revenue | NP to SH 9,401,200  |  -43,000
RPS | P/RPS 210.61 Cent  |  3.38
EPS | P/E | EY -1.00 Cent  |  -738.08  |  -0.14%
DPS | DY | Payout % 33.00 Cent  |  4.64%  |  - %
NAPS | P/NAPS 7.23  |  0.98
YoY   -103.01%
NP Margin | ROE -1.81%  |  -0.13%
F.Y. | Ann. Date 31-Dec-2020  |  18-Feb-2021

T4Q Result ( EPS: 39.94, P/E: 17.80 )

Revenue | NP to SH 9,595,800  |  1,782,900
RPS | P/RPS 214.97 Cent  |  3.31
EPS | P/E | EY 39.94 Cent  |  17.80  |  5.62%
DPS | DY | Payout % 33.00 Cent  |  4.64%  |  82.62%
NAPS | P/NAPS 7.54  |  0.94
QoQ | YoY   15.50%  |    622.38%
NP Margin | ROE 18.10%  |  5.30%
F.Y. | Ann. Date 30-Jun-2021  |  13-Aug-2021

Annualized Result ( EPS: 43.40, P/E: 16.38 )

Revenue | NP to SH 9,789,400  |  1,937,200
RPS | P/RPS 219.31 Cent  |  3.24
EPS | P/E | EY 43.40 Cent  |  16.38  |  6.10%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   12.68%  |    212.98%
NP Margin | ROE 18.79%  |  5.76%
F.Y. | Ann. Date 30-Jun-2021  |  13-Aug-2021


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2021 13-Aug-2021 30-Jun-2021 2 9,789,400 1,880,800 1,839,400 1,937,200 1,249,864 33,657,051 64.52% 18.79% 5.76% 4,463,800 219.31 219.31 43.40 43.40 28.00 28.00 7.5400 7.54   12.68%   212.98% 30-Jun-2021 6.78 3.09 15.62 0.90 6.40% 4.13% 13-Aug-2021 6.71 3.06 15.46 0.89 6.47% 4.17%
31-Dec-2021 06-May-2021 31-Mar-2021 1 10,163,600 1,622,800 1,582,400 1,719,200 1,249,864 33,433,860 72.70% 15.57% 5.14% 4,463,800 227.69 227.69 38.40 38.40 28.00 28.00 7.4900 7.49   4,098.14%   137.15% 31-Mar-2021 6.82 3.00 17.71 0.91 5.65% 4.11% 06-May-2021 6.77 2.97 17.58 0.90 5.69% 4.14%
31-Dec-2020 18-Feb-2021 31-Dec-2020 4 9,401,200 -123,600 -169,800 -43,000 1,473,054 32,273,274 - % -1.81% -0.13% 4,463,800 210.61 210.61 -1.00 -1.00 33.00 33.00 7.2300 7.23   94.62%   -103.01% 31-Dec-2020 6.87 3.26 -713.17 0.95 -0.14% 4.80% 18-Feb-2021 6.40 3.04 -664.38 0.89 -0.15% 5.16%
31-Dec-2020 17-Nov-2020 30-Sep-2020 3 9,012,800 -904,266 -968,400 -798,666 1,249,864 32,987,481 - % -10.74% -2.42% 4,463,800 201.91 201.91 -17.87 -17.87 28.00 28.00 7.3900 7.39   53.42%   -150.92% 30-Sep-2020 7.50 3.71 -41.92 1.01 -2.39% 3.73% 17-Nov-2020 7.41 3.67 -41.41 1.00 -2.41% 3.78%
31-Dec-2020 13-Aug-2020 30-Jun-2020 2 9,400,200 -1,918,800 -1,973,400 -1,714,600 1,249,864 33,924,879 - % -20.99% -5.05% 4,463,800 210.59 210.59 -38.40 -38.40 28.00 28.00 7.6000 7.60   62.95%   -194.18% 30-Jun-2020 7.66 3.64 -19.94 1.01 -5.01% 3.66% 13-Aug-2020 7.87 3.74 -20.49 1.04 -4.88% 3.56%
31-Dec-2020 08-May-2020 31-Mar-2020 1 10,055,200 -4,581,600 -4,604,000 -4,627,200 1,249,864 34,415,898 - % -45.79% -13.44% 4,463,800 225.26 225.26 -103.60 -103.60 28.00 28.00 7.7100 7.71   -424.42%   -326.60% 31-Mar-2020 7.44 3.30 -7.18 0.96 -13.93% 3.76% 08-May-2020 7.90 3.51 -7.62 1.02 -13.12% 3.54%
31-Dec-2019 18-Feb-2020 31-Dec-2019 4 8,962,700 1,512,300 1,436,200 1,426,300 1,473,054 34,728,364 103.28% 16.02% 4.11% 4,463,800 200.79 200.79 32.00 32.00 33.00 33.00 7.7800 7.78   -9.07%   8.75% 31-Dec-2019 8.35 4.16 26.13 1.07 3.83% 3.95% 18-Feb-2020 8.02 3.99 25.10 1.03 3.98% 4.11%
31-Dec-2019 13-Nov-2019 30-Sep-2019 3 8,782,933 1,664,800 1,585,066 1,568,533 1,249,864 35,487,209 79.68% 18.05% 4.42% 4,463,800 196.76 196.76 35.20 35.20 28.00 28.00 7.9500 7.95   -13.85%   20.93% 30-Sep-2019 7.80 3.96 22.20 0.98 4.50% 3.59% 13-Nov-2019 8.30 4.22 23.62 1.04 4.23% 3.37%
31-Dec-2019 14-Aug-2019 30-Jun-2019 2 8,878,800 1,922,200 1,835,800 1,820,600 1,249,864 35,308,657 68.65% 20.68% 5.16% 4,463,800 198.91 198.91 40.80 40.80 28.00 28.00 7.9100 7.91   -10.84%   44.08% 28-Jun-2019 7.15 3.59 17.53 0.90 5.70% 3.92% 14-Aug-2019 7.21 3.62 17.68 0.91 5.66% 3.88%
31-Dec-2019 24-May-2019 31-Mar-2019 1 9,110,800 2,168,000 2,064,000 2,042,000 1,249,864 34,773,001 61.21% 22.65% 5.87% 4,463,800 204.10 204.10 45.60 45.60 28.00 28.00 7.7900 7.79   55.70%   64.36% 29-Mar-2019 6.69 3.28 14.62 0.86 6.84% 4.19% 24-May-2019 6.52 3.19 14.25 0.84 7.02% 4.29%
31-Dec-2018 22-Feb-2019 31-Dec-2018 4 8,780,300 1,344,100 1,284,300 1,311,500 1,339,140 35,353,296 102.11% 14.63% 3.71% 4,463,800 196.70 196.70 29.40 29.40 30.00 30.00 7.9200 7.92   1.11%   -33.81% 31-Dec-2018 6.70 3.41 22.80 0.85 4.39% 4.48% 22-Feb-2019 6.92 3.52 23.55 0.87 4.25% 4.34%
31-Dec-2018 19-Nov-2018 30-Sep-2018 3 8,522,400 1,318,400 1,276,533 1,297,066 1,249,864 35,397,933 96.36% 14.98% 3.66% 4,463,800 190.92 190.92 29.07 29.07 28.00 28.00 7.9300 7.93   2.65%   -49.15% 28-Sep-2018 6.06 3.17 20.86 0.76 4.79% 4.62% 19-Nov-2018 6.60 3.46 22.71 0.83 4.40% 4.24%
31-Dec-2018 07-Aug-2018 30-Jun-2018 2 8,325,200 1,275,400 1,236,400 1,263,600 1,249,864 34,594,450 98.91% 14.85% 3.65% 4,463,800 186.50 186.50 28.40 28.40 28.00 28.00 7.7500 7.75   1.71%   -48.75% 29-Jun-2018 5.92 3.17 20.91 0.76 4.78% 4.73% 07-Aug-2018 6.46 3.46 22.82 0.83 4.38% 4.33%
31-Dec-2018 14-May-2018 31-Mar-2018 1 8,083,200 1,276,800 1,236,000 1,242,400 1,249,864 33,076,757 100.60% 15.29% 3.76% 4,463,800 181.08 181.08 28.00 28.00 28.00 28.00 7.4100 7.41   -37.30%   -54.07% 30-Mar-2018 7.05 3.89 25.33 0.95 3.95% 3.97% 14-May-2018 7.14 3.94 25.65 0.96 3.90% 3.92%
31-Dec-2017 13-Feb-2018 31-Dec-2017 4 10,037,700 2,003,500 1,990,600 1,981,400 1,339,140 34,817,640 67.59% 19.83% 5.69% 4,463,800 224.87 224.87 44.40 44.40 30.00 30.00 7.8000 7.80   -22.33%   -23.25% 29-Dec-2017 7.42 3.30 16.72 0.95 5.98% 4.04% 13-Feb-2018 7.08 3.15 15.95 0.91 6.27% 4.24%
31-Dec-2017 03-Nov-2017 30-Sep-2017 3 10,137,600 2,615,333 2,591,333 2,550,933 1,249,864 36,424,607 49.00% 25.56% 7.00% 4,463,800 227.11 227.11 57.20 57.20 28.00 28.00 8.1600 8.16   3.47%   -6.75% 29-Sep-2017 7.30 3.21 12.77 0.89 7.83% 3.84% 03-Nov-2017 7.11 3.13 12.44 0.87 8.04% 3.94%
31-Dec-2017 09-Aug-2017 30-Jun-2017 2 10,574,800 2,510,600 2,495,400 2,465,400 1,249,864 36,603,159 50.70% 23.60% 6.74% 4,463,800 236.90 236.90 55.20 55.20 28.00 28.00 8.2000 8.20   -8.85%   -35.72% 30-Jun-2017 7.46 3.15 13.51 0.91 7.40% 3.75% 09-Aug-2017 7.33 3.09 13.27 0.89 7.53% 3.82%
31-Dec-2017 04-May-2017 31-Mar-2017 1 11,939,600 2,786,400 2,775,600 2,704,800 1,249,864 37,362,005 46.21% 23.25% 7.24% 4,463,800 267.48 267.48 60.40 60.40 28.00 28.00 8.3700 8.37   4.77%   18.42% 31-Mar-2017 7.32 2.74 12.08 0.87 8.28% 3.83% 04-May-2017 7.42 2.77 12.25 0.89 8.17% 3.77%
31-Dec-2016 10-Feb-2017 31-Dec-2016 4 9,597,200 2,814,000 2,793,300 2,581,600 1,339,140 38,076,212 51.87% 29.11% 6.78% 4,463,800 215.00 215.00 57.80 57.80 30.00 30.00 8.5300 8.53   -5.63%   4.61% 30-Dec-2016 7.35 3.42 12.71 0.86 7.87% 4.08% 10-Feb-2017 7.60 3.53 13.14 0.89 7.61% 3.95%
31-Dec-2016 02-Nov-2016 30-Sep-2016 3 9,439,600 3,079,333 3,058,000 2,735,600 595,173 34,951,553 21.76% 32.40% 7.83% 4,463,800 211.47 211.47 61.33 61.33 13.33 13.33 7.8300 7.83   -28.67%   19.63% 30-Sep-2016 7.55 3.57 12.32 0.96 8.12% 1.77% 02-Nov-2016 7.50 3.55 12.24 0.96 8.17% 1.78%
31-Dec-2016 04-Aug-2016 30-Jun-2016 2 9,573,800 4,309,800 4,300,400 3,835,200 892,760 34,192,707 23.28% 44.92% 11.22% 4,463,800 214.48 214.48 86.00 86.00 20.00 20.00 7.6600 7.66   67.92%   55.71% 30-Jun-2016 7.46 3.48 8.68 0.97 11.52% 2.68% 04-Aug-2016 7.50 3.50 8.73 0.98 11.46% 2.67%
31-Dec-2016 06-May-2016 31-Mar-2016 1 9,577,600 3,122,800 3,181,600 2,284,000 - 32,585,740 - % 33.22% 7.01% 4,463,800 214.56 214.56 51.20 51.20 0.00 0.00 7.3000 7.30   -7.45%   17.41% 31-Mar-2016 8.90 4.15 17.39 1.22 5.75% 0.00% 06-May-2016 8.34 3.89 16.30 1.14 6.14% 0.00%
31-Dec-2015 05-Feb-2016 31-Dec-2015 4 10,908,386 2,566,857 2,535,107 2,467,780 1,339,140 35,397,933 54.26% 23.24% 6.97% 4,463,800 244.37 244.37 55.30 55.30 30.00 30.00 7.9300 7.93   7.92%   11.95% 31-Dec-2015 9.37 3.83 16.95 1.18 5.90% 3.20% 05-Feb-2016 8.48 3.47 15.34 1.07 6.52% 3.54%
31-Dec-2015 04-Nov-2015 30-Sep-2015 3 10,128,432 2,404,965 2,376,957 2,286,746 446,380 35,844,312 19.52% 23.47% 6.38% 4,463,800 226.90 226.90 51.20 51.20 10.00 10.00 8.0300 8.03   -7.16%   37.73% 30-Sep-2015 8.80 3.88 17.18 1.10 5.82% 1.14% 04-Nov-2015 9.09 4.01 17.74 1.13 5.64% 1.10%
31-Dec-2015 04-Aug-2015 30-Jun-2015 2 10,181,480 2,568,846 2,557,156 2,462,992 669,570 30,755,581 27.19% 25.12% 8.01% 4,463,800 228.09 228.09 55.20 55.20 15.00 15.00 6.8900 6.89   26.62%   59.01% 30-Jun-2015 7.72 3.38 13.99 1.12 7.15% 1.94% 04-Aug-2015 8.20 3.60 14.86 1.19 6.73% 1.83%
31-Dec-2015 30-Apr-2015 31-Mar-2015 1 9,961,072 2,047,408 2,048,588 1,945,240 - 29,461,079 - % 20.57% 6.60% 4,463,800 223.15 223.15 43.60 43.60 0.00 0.00 6.6000 6.60   -11.75%   -0.02% 31-Mar-2015 8.49 3.80 19.48 1.29 5.13% 0.00% 30-Apr-2015 9.15 4.10 21.00 1.39 4.76% 0.00%
31-Dec-2014 06-Feb-2015 31-Dec-2014 4 9,296,254 2,410,348 2,320,037 2,204,310 446,380 27,764,835 20.25% 24.96% 7.94% 4,463,800 208.26 208.26 49.40 49.40 10.00 10.00 6.2200 6.22   32.76%   5.70% 31-Dec-2014 7.22 3.47 14.62 1.16 6.84% 1.39% 06-Feb-2015 7.74 3.72 15.67 1.24 6.38% 1.29%
31-Dec-2014 07-Nov-2014 30-Sep-2014 3 9,345,950 1,843,934 1,771,237 1,660,368 238,069 25,845,401 14.34% 18.95% 6.42% 4,463,800 209.37 209.37 37.20 37.20 5.33 5.33 5.7900 5.79   7.19%   24.23% 30-Sep-2014 6.75 3.22 18.15 1.17 5.51% 0.79% 07-Nov-2014 7.38 3.52 19.84 1.27 5.04% 0.72%
31-Dec-2014 06-Aug-2014 30-Jun-2014 2 9,658,350 1,744,866 1,661,734 1,548,960 357,104 24,684,814 23.05% 17.21% 6.27% 4,463,800 216.37 216.37 34.80 34.80 8.00 8.00 5.5300 5.53   -20.39%   28.79% 30-Jun-2014 6.50 3.00 18.73 1.18 5.34% 1.23% 06-Aug-2014 6.73 3.11 19.39 1.22 5.16% 1.19%
31-Dec-2014 09-May-2014 31-Mar-2014 1 9,162,168 2,111,480 2,047,404 1,945,584 - 24,952,642 - % 22.35% 7.80% 4,463,800 205.25 205.25 43.60 43.60 0.00 0.00 5.5900 5.59   -6.70%   61.90% 31-Mar-2014 6.90 3.36 15.83 1.23 6.32% 0.00% 09-May-2014 6.41 3.12 14.71 1.15 6.80% 0.00%
31-Dec-2013 13-Feb-2014 31-Dec-2013 4 8,972,390 2,231,510 2,229,528 2,085,375 223,190 24,729,451 10.70% 24.85% 8.43% 4,463,800 201.00 201.00 46.70 46.70 5.00 5.00 5.5400 5.54   56.03%   170.74% 31-Dec-2013 5.70 2.84 12.20 1.03 8.20% 0.88% 13-Feb-2014 6.50 3.23 13.91 1.17 7.19% 0.77%
31-Dec-2013 07-Nov-2013 30-Sep-2013 3 9,107,121 1,521,577 1,469,282 1,336,526 - 23,390,310 - % 16.13% 5.71% 4,463,800 204.02 204.02 30.00 30.00 0.00 0.00 5.2400 5.24   11.12%   1,940.12% 30-Sep-2013 5.12 2.51 17.10 0.98 5.85% 0.00% 07-Nov-2013 5.01 2.46 16.73 0.96 5.98% 0.00%
31-Dec-2013 16-Aug-2013 30-Jun-2013 2 9,327,904 1,393,526 1,343,134 1,202,746 - 22,497,551 - % 14.40% 5.35% 4,463,800 208.97 208.97 27.00 27.00 0.00 0.00 5.0400 5.04   0.09%   770.07% 28-Jun-2013 5.10 2.44 18.93 1.01 5.28% 0.00% 16-Aug-2013 5.14 2.46 19.08 1.02 5.24% 0.00%
31-Dec-2013 23-May-2013 31-Mar-2013 1 9,518,156 1,396,600 1,346,780 1,201,700 - 21,604,792 - % 14.15% 5.56% 4,463,800 213.23 213.23 26.80 26.80 0.00 0.00 4.8400 4.84   56.02%   163.94% 29-Mar-2013 5.37 2.52 19.95 1.11 5.01% 0.00% 23-May-2013 4.39 2.06 16.31 0.91 6.13% 0.00%
31-Dec-2012 31-Dec-2012 4 9,050,313 1,516,721 921,459 770,245 - 21,113,774 - % 10.18% 3.65% 4,463,800 202.75 202.75 17.30 17.30 0.00 0.00 4.7300 4.73   1,075.73%   151.99% 31-Dec-2012 4.30 2.12 24.92 0.91 4.01% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 28-Nov-2012 30-Sep-2012 3 8,964,226 1,061,228 165,146 65,512 - 17,855,200 - % 1.84% 0.37% 4,463,800 200.82 200.82 1.47 1.47 0.00 0.00 4.0000 4.00   136.50%   218.05% 28-Sep-2012 4.25 2.12 289.58 1.06 0.35% 0.00% 28-Nov-2012 4.08 2.03 278.00 1.02 0.36% 0.00%
31-Dec-2012 16-Aug-2012 30-Jun-2012 2 9,136,322 1,154,552 -35,634 -179,496 - 22,229,724 - % -0.39% -0.81% 4,463,800 204.68 204.68 -4.20 -4.20 0.00 0.00 4.9800 4.98   90.45%   51.42% 29-Jun-2012 4.61 2.25 -114.64 0.93 -0.87% 0.00% 16-Aug-2012 4.49 2.19 -111.66 0.90 -0.90% 0.00%
31-Dec-2012 16-May-2012 31-Mar-2012 1 8,836,412 557,592 -1,736,384 -1,879,308 - 21,113,774 - % -19.65% -8.90% 4,463,800 197.96 197.96 -42.40 -42.40 0.00 0.00 4.7300 4.73   -26.85%   -510.40% 30-Mar-2012 5.38 2.72 -12.78 1.14 -7.83% 0.00% 16-May-2012 3.94 1.99 -9.36 0.83 -10.69% 0.00%
31-Dec-2011 22-Feb-2012 31-Dec-2011 8,505,933 -1,222,012 -1,310,288 -1,481,483 - 22,311,490 - % -15.40% -6.64% 4,462,298 190.62 190.55 -33.20 -33.19 0.00 0.00 5.0000 5.00   -2,569.53%   -145.33% 30-Dec-2011 5.47 2.87 -16.48 1.09 -6.07% 0.00% 22-Feb-2012 5.80 3.04 -17.47 1.16 -5.72% 0.00%
31-Dec-2011 24-Nov-2011 30-Sep-2011 3 9,740,377 1,097,592 239,832 -55,496 - 23,983,414 - % 2.46% -0.23% 4,441,372 219.31 218.21 -1.33 -1.24 0.00 0.00 5.4000 5.37   84.98%   -102.90% 30-Sep-2011 5.87 2.68 -469.78 1.09 -0.21% 0.00% 24-Nov-2011 6.13 2.80 -490.59 1.14 -0.20% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  anthonylow likes this.
 
hazli KUALA LUMPUR (March 11): MISC Bhd has secured seven-year charter contracts from Shell for three newbuilding crude carriers, for operations in international waters.
In a filing today, MISC said the contracts were secured by AET Inc Ltd, the vessel-owning entity of petroleum shipping firm AET Tanker Holdings Sdn Bhd, which is in turn wholly-owned by MISC.
The three vessels are LNG dual fuel very large crude carriers (VLCCs), which will serve Shell’s unit Shell Tankers (Singapore) Pvt Ltd from the third quarter of 2023, the filing said.
It is the first long-term contract announced by MISC this year.
At end-2020, MISC Group’s fleet consisted of more than 100 owned and in-chartered vessels comprising liquefied natural gas (LNG), petroleum and product vessels, very large ethan carriers, 14 floating production systems, as well as two LNG floating storage units. The fleet has a combined deadweight tonnage capacity of more than 11 million tonnes.
12/03/2021 11:02 PM
Sean888 https://www.theedgemarkets.com/article/oil-supertankers-losing-millions-are-bullish-vaccine-trade
18/03/2021 11:48 PM
probability @Sean888, excellent sharing. thanks

............

“We are probably never going to experience a demand increase similar to what we are likely to see over the next nine months for tankers,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “Six months down the road, we will have higher OPEC+ production because the world is going to consume a lot more oil as vaccines take effect and economies recover.”
18/03/2021 11:55 PM
mamatede lets start storing crude at sea again.
18/03/2021 11:58 PM
probability China Unleashes Army of LNG Upstarts Hungry for Spot Supply

15 March 2021

https://www.bloomberg.com/news/articles/2021-03-15/china-opened-up-its-pipelines-and-lng-upstarts-are-blooming#:~:text=China's%20smaller%20liquefied%20natural%20gas,including%20Guangdong%20Energy%20Group%20Co.

China’s smaller liquefied natural gas buyers are seizing on reforms that’ve opened access to import infrastructure to boost competition, issuing a spate of tenders for the fuel over the past month.

The second-tier gas firms, including Guangdong Energy Group Co. and Shenzhen Energy Group Co., are forecast to continue to seek more cargoes with spot LNG prices low, adding a new source of demand for global exporters, according to energy consultant FGE.

“We can expect more emerging Chinese players to be in the market for spot procurement in the coming months as China continues to open up its LNG receiving facilities,” said Alicia Wee, a senior analyst at FGE in Singapore.

Until recently, China imported most of its LNG through the three major state-owned energy giants, which owned pipelines, import terminals and distributed the fuel directly to smaller players. That’s changed with the formation of China Oil & Gas Pipeline Network Corp., known as PipeChina, which has consolidated the infrastructure into a single firm.

PipeChina has awarded over ten companies third-party access to its terminals, meaning smaller players can issue tenders directly when the need arises, instead of going through a larger state company, according to traders who requested anonymity to discuss private details.

Chinese gas firms are tapping into the spot market where fuel is cheaper Companies like Dongguan Daosen Natural Gas Co. which bought its first cargo via a direct tender this month, have been operating in domestic markets for years, according to Wood Mackenzie. Shenzhen Energy and Guangzhou Gas are among others to have bought cargoes in recent weeks.


While the infrastructure reforms are help diversify the field of importers, the majority of terminal access is still being awarded to the nation’s top buyers, including China National Offshore Oil Corp. and PetroChina Co. Terminal capacity available to third parties offered by PipeChina is 5.7 million tons per year, a fraction of China’s total capacity of 87 million tons per year at the end of 2020, according to Wood Mackenzie.

A further drop in Asian LNG prices could prompt another wave of spot cargo purchases by smaller firms this summer, said Beijing-based Wood Mackenzie research director Miaoru Huang.

................................

The benchmark Japan-Korea marker fell to $5.56 per million British thermal units on March 2, the lowest level since last October, according to data from S&P Global Platts. Prices have since increased, in part on higher demand from the second-tier importers, and were trading on Monday around $6.70 for April delivery.

Smaller buyers are also signing more long-term deals. The firms accounted for 83% of total Chinese contracts signed last year, from a 26% share in 2019, according to BloombergNEF.
19/03/2021 12:53 PM
xiang0049 See you guys at RM20
20/03/2021 12:30 AM
AllanTingAS Why RM20 and not RM200?
20/03/2021 9:42 AM
probability China’s Pursuit of Natural Gas Jolts Markets and Drains Neighbors

March 5, 2021

https://www.wsj.com/articles/chinas-pursuit-of-natural-gas-jolts-markets-and-drains-neighbors-11614940203

China’s Pursuit of Natural Gas Jolts Markets and Drains Neighbors
Beijing’s quest to run world’s second-largest economy on cleaner energy is reshaping global trade in the fossil fuel

Beijing’s efforts to shift from coal to gas as a fuel over the longer term has drawn ever-larger liquefied natural gas imports

China’s quest to anchor its industrial growth to cleaner energy is whiplashing global prices of liquefied natural gas, reshaping trade in the world’s fastest-growing fossil fuel and raising fears of power blackouts in neighboring economies competing for the resource.

A sudden confluence of global supply outages and an unusually cold winter tripled LNG prices in mid-January to a record $32.50 a million British thermal units from early December—and brought into focus China’s increasingly outsize role.

Underpinned by its economic boom and rising presence in LNG spot markets, Beijing’s efforts to shift from coal to gas as a fuel over the longer term has drawn ever-larger LNG imports in recent years, tightening supplies available to gas-dependent neighbors Japan and South Korea. The three economies account for 60% of the world’s LNG consumption.

China’s voracity worsened a natural-gas shortage in January in Japan—which China last year outstripped as the world’s largest LNG importer—that put parts of Japan at risk of blackouts. In December, China imported 7.6 million metric tons, the most ever.

Utilities in Japan reported severe shortages of natural gas and averted blackouts by turning back to coal, oil and other older means of power generation.

Chinese LNG consumption rose last year by some 11%, far outpacing the 1% rise globally, data from consulting firm Wood Mackenzie shows. Imports meet about 45% of China’s demand, which has been rising since President Xi Jinping set around 2015 decadeslong plans to pipe natural gas into millions of Chinese homes and factories. Beijing views natural gas as a steppingstone—a cleaner fossil fuel—in its campaign for carbon neutrality by 2060.

Provincial authorities, including in southern Guangdong, began requiring more manufacturers to burn gas instead of coal last year, official reports say. And Beijing loosened rules in the past two years to allow more companies to import LNG, turning provincial gas distributors into more active bidders in spot markets once reserved for a handful of state-controlled giants.

“When you have an extreme need for supply and physically can’t deliver on it, then that underpins this type of price rallies.” said Jeffrey Moore, analytics manager at researcher S&P Global Platts.

Power Moves

China's drive for natural gas is driving recentprice volatility, eating into supplies for othereconomies and shaking up trade.

Prices for the fuel have fallen to around $6.30 MMBtu in mid-February, an 81% dive from January’s record, as the fading cold snap eased buying competition. Just weeks earlier, the outsize imports didn’t seem to be enough. Platts estimates show that LNG stocks in northeast Asia were 64% of capacity heading into winter, well below the 70% average in previous years, forcing buyers to the spot market.

Unexpected shutdowns of export plants in Australia, the world’s top producer, and elsewhere, meant Asia had to rely on imports that needed three times as many days—or more—to ship.

In late December, China’s top economic policy body ordered domestic gas producers to operate at capacity and LNG shipping terminals to give priority to imports. Authorities also had to fall back to coal-fired power and ordered more coal imports, too.

“We are doing everything possible to increase supply of the resource,” the National Development and Reform Commission said at the time. “We are making every effort to increase the purchase of spot LNG.”

In Japan, power plants in the heavily populated Kansai region were running at 99% of generation capacity; more than the usual 60% for LNG-fueled plants. Japan depends on natural gas for about a third of its electricity.

The strains on Japan’s grid forced operators to turn to old playbooks, including running some plants beyond capacity and, in the case of Tokyo-based utility Electric Power Development Co., burning crude oil for two days in January to keep up power generation.
20/03/2021 11:26 AM
probability The heady prices in January were profitable even at the height of the rally: In China, prices for end-use LNG trucked into metropolitan Beijing were 20% higher than imports. The gap widened in smaller and less-developed cities.

“Our biggest priority is to have stable supply, which means we purchase from the spot market when necessary,” said Korea Gas Corp. spokesperson Kim Chi-ho. “This year, our spot purchases increased due to unexpected cold waves."

Like most of its counterparts, state-owned Kogas locks in more than half its LNG supply through long-term contracts but relies on the spot market to meet sudden demand.

Taking Share

China has been buying ever-larger imports of LNG from Australia, the world's largest supplier, which has been shipping relatively less to Korea and Japan in recent years.
Australia LNG exports

China’s huge presence has chipped away at its neighbors’ supplies. For years, Australia has been the top exporter to Japan, accounting for about a third of its LNG imports. But last year, Japan imported 26.3 million metric tons from Australia, down from each of the previous two years. Australian LNG shipments to China rose 5% year over year to a record 29 million metric tons last year.

Korean data shows that Australian LNG imports have stayed largely flat since 2018. Korea began looking elsewhere for shipments in recent years. The U.S. share of Korea’s LNG imports has risen to 14% in 2019 from 1% in 2016, after Kogas agreed in 2017 to long-term supply by Houston-based Cheniere Energy Inc.

But China, too, is shipping more from the U.S., with imports reaching a record 3.2 million metric tons last year, up 50% from 2018.

China’s gas demand is set to keep rising, underpinning the potential for supply shocks to turn prices volatile in coming years.

“Even before winter, there were a lot of policies to hasten infrastructure investment” in China’s LNG storage and connectivity, said Woodmac analyst Miaoru Huang. “But I think after this price spike, there will be renewed incentive to advance the build.”
20/03/2021 11:30 AM
7036hisap_darah China cut supply LNG from Australia and swift to Malaysia. YES
20/03/2021 4:43 PM
probability Aframax freight rates jump to nine-month highs

February 26, 2021

https://oilnow.gy/featured/aframax-freight-rates-jump-to-nine-month-highs/


MISC is a proud owner of 29 Aframax (50% of its petroleum vessels)

https://misc.com.my/solutions/petroleum-shipping/
21/03/2021 3:43 PM
probability Asian Aframax freight rates surge to w90 amid switch to clean products

05/03/2021

https://www.hellenicshippingnews.com/tankers-asian-aframax-freight-rates-surge-to-w90-amid-switch-to-clean-products/

Aframax freight rates on key ex-Asia routes have reached w90 for the first time in 2021 on the back of tight supply as several ships clean up to load refined products, many ballast to the Mediterranean and cracking margins improve for refining light crudes, market participants said March 4.

The benchmark Persian-Gulf-East route was assessed at w90 March 3, up 24% week on week, S&P Global Platts data showed.

Rates on ex-Asia routes had hovered below w70 earlier in the year, dragging down the earnings of owners to negative, and further gains are potentially in the offing. If OPEC+ opts to increase crude output at its meeting later in the day, the Aframax freight market could receive a further boost, one broker said.
21/03/2021 3:53 PM
probability Qatar Petroleum tenders to ship owners for charter of LNG carriers

21 Mar 2021

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/032121-qatar-petroleum-tenders-to-ship-owners-for-charter-of-lng-carriers

LNG shipping leads MISC to be Malaysia’s top stock

https://www.thestar.com.my/business/business-news/2019/12/06/lng-shipping-leads-misc-to-be-malaysias-top-stock

This year, it signed agreements to supply LNG vessels to Exxon Mobil Corp and Mitsubishi Corp, after the world’s biggest LNG exporter Qatar Petroleum set off a “stampede” by announcing plans to order as many as 100 new carriers, he said.
24/03/2021 12:32 AM
probability Malaysia's Petronas Chemicals pins hopes on Saudi Aramco JV
Petrochemical and refinery project in Johor expected to boost output and profits

March 25, 2021

https://asia.nikkei.com/Business/Energy/Malaysia-s-Petronas-Chemicals-pins-hopes-on-Saudi-Aramco-JV


Malaysia Pengerang refinery to boost demand for tankers: experts

https://www.nrgedge.net/article/1520123341-malaysia-pengerang-refinery-to-boost-demand-for-tankers-experts


MISC's tankers

https://www.aet-tankers.com/business-solutions/
25/03/2021 10:55 PM
probability Petronas becomes world’s first to produce LNG from two floating facilities

25 Mar 2021, 5:50 PM

https://www.thestar.com.my/business/business-news/2021/03/25/petronas-becomes-worlds-first-to-produce-lng-from-two-floating-facilities

The cargo was loaded onto the Seri Camar LNG Carrier operated by MISC Bhd for shipment to Petronas LNG Buyer in Thailand, it said in a statement today.

"Similar to our flagship floating facility, PFLNG Dua's mobility will allow us to unlock even more marginal and stranded gas fields in the future, providing Petronas with new and sustainable sources of LNG to meet the growing demand for cleaner energy," he added.
25/03/2021 11:34 PM
probability https://www.cnbc.com/2021/03/25/suez-canal-cargo-ship-blockage-could-cause-problems-for-the-globe.html


The winners
...........

The canal blockage is certainly not bad news for everyone — spot freight rates are set to jump even higher on pent-up demand, making money for the operators, market watchers say.

“A more prolonged closure of the Suez Canal would see container shipping as the biggest beneficiary, while tanker, dry bulk and air cargo might also see some higher rates,” wrote JPMorgan, describing the tightening of shipping rates “as a upside risk.”

Who is set to benefit most? JPMorgan highlights Asian liners, saying that despite higher bunker costs due to longer rerouted journeys and increased congestion, they expect higher spot freight rates. “This instead of hurting profitability is expected to be positive for bottom-line for Asia liners, in our view,” the bank wrote.
26/03/2021 3:37 PM
probability MISC shipping routes:

https://misc.com.my/media/2238/terminals_called.pdf

Same demand, longer routes, more service charges
26/03/2021 6:56 PM
sheep The Ever Given ship has been freed in the Suez Canal, after being stuck for nearly a week. The Ever Given ship was dislodged by an Egyptian crew in the Suez Canal early Monday morning, after it was stuck for nearly a week, reports say.
29/03/2021 12:24 PM
probability Opec sees rising oil demand as it plans to open taps
Tuesday, 13 Apr 2021

https://www.malaymail.com/news/money/2021/04/13/opec-sees-rising-oil-demand-as-it-plans-to-open-taps/1966227
13/04/2021 10:44 PM
LossAversion 7 sen dividend exdate 24 May
06/05/2021 2:41 PM
James Ng https://klse.i3investor.com/blogs/general/2021-05-15-story-h1565089025.jsp
[转贴] [Video:浅谈MISC BHD, MISC, 3816] - James的股票投资James Share Investing
15/05/2021 7:08 PM
alvin5588 not bad...
02/06/2021 11:22 AM
pharker What happened? See price moving, blind2 hantam few lots first. Why shipping good business? Freight rate improving, I remember there is an index, something like baltic Dry index? Showing good signs or what?
16/06/2021 11:14 AM
dompeilee 1.2 lots still staked here!
16/06/2021 11:20 AM
Nam Uni looks like the best index linked counter going to rocket
17/06/2021 12:19 AM
vcinvestor @zestyy90 unlucky timing
17/06/2021 2:39 PM
Nam Uni buy on dip
19/06/2021 11:57 AM
wallstreetrookie Here is why MISC did not experience the growth in early 2021

2011- MISC Berhad (MISC) today issued a statement through the local stock exchange, Bursa Malaysia, announcing its decision to exit the liner business (container shipping) via cessation of the said business.

The Company, in its announcement to the exchange, explained that the radical change in the operating dynamics of the liner industry which is driven by high operating cost and rapid changes in global trade patterns is challenging the validity of today’s operating models. With the pursuit of size being the centre of this change, leading operators are now testing the size limits of vessels in order to maximise economies of scale and realise greater cost efficiency. This push for investments in larger vessels comes at a time when operators are struggling to stay profitable with a depressed freight rate environment, which is not expected to improve any time soon due to the continued heavy delivery of new container vessels.
17/07/2021 1:48 PM
Bgt 9963 Post removed. Why?
18/07/2021 11:16 AM
rasulx_786 wallstreetrookie, the news is for year 2011. now 2021...
22/07/2021 8:43 PM
wallstreetrookie I post this to stress the fact that MISC missed the biggest bull run of container and freight shipping of the century because of the decision to dispose their shipping lines. This news is relevant to explain why MISC:MK never experienced the growth or SP appreciation. Many shareholders were disappointed.
24/07/2021 10:53 PM
wallstreetrookie Moving the focus to O&G sector was such a bad move.
24/07/2021 10:54 PM
ToTheMoon Even NOL could not survive its container shipping, wht makes u think MISC can? MISC sold container shipping business more than 10 years already, another one or two years, its few chemical tankers also will be sold.
17/08/2021 9:23 AM
ToTheMoon Container shipping got cartel like mearsk, cma cga, Asia oocl etc.. Typical company won't have place. How many shipping companies collapsed in last decade.
17/08/2021 9:25 AM
wallstreetrookie True, MISC has too many scandals in the past with its employees and the disposal of their container shipping line was such a HUGE mistake.
18/08/2021 10:18 AM
wallstreetrookie I would be buyer if this drops too much. Since it is still one of the biggest and most stable shipping companies in Malaysia. This and Westports.
18/08/2021 10:19 AM
wallstreetrookie One day this company will go private for sure. Very profitable
25/08/2021 10:26 AM
wallstreetrookie Share price just won't up. Waste of my capital
25/08/2021 10:45 AM
wallstreetrookie If we break the 10-year resistance of RM9, which likely won't happen forever.
25/08/2021 4:37 PM
wallstreetrookie A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy.

Manufacturers reeling from shortages of key components and higher raw material and energy costs are being forced into bidding wars to get space on vessels, pushing freight rates to records and prompting some exporters to raise prices or simply cancel shipments altogether.

“We can’t get enough components, we can’t get containers, costs have been driven up tremendously,” said Christopher Tse, chief executive officer of Hong Kong-based Musical Electronics Ltd., which makes consumer products from Bluetooth speakers to Rubik’s Cubes.

Tse said the cost of magnets used in the puzzle toy have risen by about 50% since March, increasing the production cost by about 7%. “I don’t know if we can make money from Rubik’s Cubes because prices keep changing.”

Bloomberg | Markets
26/08/2021 9:17 AM
wallstreetrookie Everyone is holding. That's nice
26/08/2021 4:06 PM
wallstreetrookie Still the stock to watch next week
29/08/2021 2:48 PM
wallstreetrookie The market is looking very good today. Looks like I no longer have to do any analysis for Malaysia as the next emerging market. Anyways will be leaving my job as equity strategist soon. Last quarter
30/08/2021 9:23 AM
wallstreetrookie Foreign investors are back. The time has come and there is a probability that they will buy either plantation or shipping companies or financials which form the core industries in Malaysia. Tech companies, not so much given its recent run-up.
30/08/2021 9:25 AM
wallstreetrookie Really hope MISC breaks the 10-year high
30/08/2021 9:31 AM
fzank ♫ If ever you're in my arms again
This time I'll love you much better

If ever you're in my arms again
This time I'll hold you forever
This time we'll never end
30/08/2021 11:01 AM
wallstreetrookie Shipping companies had their best year since 2008. Whereas MISC lol
13/09/2021 9:22 AM
Bgt 9963 BOD...is the problem...
13/09/2021 9:29 AM
vcpmaster123 Misc looks tasty now
14/10/2021 9:30 AM
dompeilee dompeilee 1.2 lots still staked here!
16/06/2021 11:20 AM

SOLD the balance of my MISC @ 7.19 today. Methinks I'll hv a chance to re-BUY in the low 6.00s in the foreseeable future!
21/10/2021 4:36 PM