Posted by Frank Soweto > 2013-08-28 05:04 | Report Abuse

already at 5.60 :) thanks MISC :)and not even looking if it goes back to 4.00 LOL

Posted by blugz83 > 2013-08-28 07:41 | Report Abuse

price already 4.55, when the soonest misc can start to offer privatise again..?

Posted by Frank Soweto > 2013-08-28 07:44 | Report Abuse

1 year after the date of the aborted deal :)

Posted by zack_liza > 2013-08-28 10:58 | Report Abuse

can buy now...faster...going up...easy come back 5.00 and above..dont forget offer from petronas ...

Posted by zack_liza > 2013-08-28 11:04 | Report Abuse

last time petronas offer when misc price drop 4.50...the next day jump 5.20.... kaya maa....

Posted by zack_liza > 2013-08-28 11:39 | Report Abuse

target today MISC up at least 20 cents..target KLCI closed green today...1705 for today..

Posted by Steven Lee > 2013-08-28 11:45 | Report Abuse

Last time offer us no war, but this time us ready to war...

Posted by zack_liza > 2013-08-28 16:42 | Report Abuse

tomorrow mkt green, easy misc come back 4.80+++++

Posted by zack_liza > 2013-08-29 09:08 | Report Abuse

everyday EPF collect MISC...so, we must follow buying before the price going up 5.00.

Posted by Goh Chu Hua > 2013-08-29 14:27 | Report Abuse

lai liao..

Posted by blugz83 > 2013-08-29 14:51 | Report Abuse

epf is collecting..ready for third round privatization..! price might be around 5.70. .

Posted by lching > 2013-08-29 14:52 | Report Abuse

true or not?

Posted by zack_liza > 2013-08-29 15:06 | Report Abuse

yes...correct..better collect now before price jump 4.80 and above..

Posted by Goh Chu Hua > 2013-08-30 16:35 | Report Abuse

lai liao

Posted by Goh Chu Hua > 2013-09-05 16:55 | Report Abuse

always last 10 minute some seller pressing down the price...

Posted by zack_liza > 2013-09-09 09:21 | Report Abuse

still up trend..try stable at 5.00 and above.

Posted by zack_liza > 2013-09-10 09:15 | Report Abuse

today high 5.05...still uptrend...resistance at 5.20..

Posted by blugz83 > 2013-09-10 11:32 | Report Abuse

can go back to at least 5.50, privatisation on the go.. EPF will collecting at lower price..

Posted by blugz83 > 2013-09-12 08:47 | Report Abuse

nobody talk about this counter,infact it just go up from 4.70 to 5.15 in less than 2 weeks..! just manage to sell yesterday..horee..!

Posted by zack_liza > 2013-09-20 15:35 | Report Abuse

5.20 breakout this week...waiting next TP 5.50 and 5.80....

Posted by zack_liza > 2013-09-20 16:41 | Report Abuse

STRONG BUYER...STILL BUYING MODE..

Posted by blugz83 > 2013-09-22 14:04 | Report Abuse

why epf keep disposing this counter..?are they trying to suppress down the price..? back to 5.80 might be possible,prior for the next take over offer

Posted by zack_liza > 2013-09-27 09:58 | Report Abuse

may be can down back at 4.80 to 5.00 next week...before steady at 5.20 and above...

Posted by zack_liza > 2013-09-30 14:37 | Report Abuse

steady bcoz news proroject won by MHB...may b can close 5.20 and above to reduce loss (index point) from FBM30.

Posted by zack_liza > 2013-09-30 14:42 | Report Abuse

now 5.20/5.23...wow..fantastic...

Posted by kimkeetan > 2013-10-09 20:25 | Report Abuse

sure good bet , value above 6.00...
go for it

Posted by kimkeetan > 2013-10-11 00:03 | Report Abuse

good closing 5.19.. coming to break 5.30 going to 5.50 min

Posted by kimkeetan > 2013-10-12 00:01 | Report Abuse

THE RESEACH REPORT ARE NOT ACCURATE-- NO STUDY ON DETAIL.
PETRONAS BUY LNG -- IS VERY GOOD MOVE FOR MISC. THIS DIRECTLY REDUCED MISC CAPITAL COMMITMENT AND INDIRETLY GENERATE HIGH RETURN FOR MISC.
THE MORE LNG COMMITED BY PETRONAS , THE HIGHER THE RETURN TO MISC IN LONG TERM . VERY GOOD FOR MISC.
ONCE CAPITAL COMMITMENT DONE , IT CAN ALWAYS BEING INJECTED INTO MISC IN LATER STAGE, THIS HAVE ENSURE MISC HAVING CONTINOUS INCOME WITH NO RISK OR LITTEL RISK.
VALUE EASILY 6.00---PETRONAS ,CEO ARE NOT DUMP/ BODOH. TAKING OVER COMPANY AT 5.50 AND FAIL, VALUE NOT ABOVE THAT.
EPF -- CEO ARE NOT DUMP BY SAYING ,TAKOVER VALUE TOO LOW.. HE IS TOO HONEST , END-UP BEING REMOVED AND FORCE TO ACCEPT THE OFFER.

LIKELY THE TAKE-OVER FAIL

Posted by iqie > 2013-11-07 13:10 | Report Abuse

Q report dah keluar, untung naik bertingket2... Buy?

Posted by blugz83 > 2013-11-07 21:16 | Report Abuse

report publish, profit 189%,but price drop..?? weird...people willing to onvest in pn17,rather than stable and strong company..easy money i guess,just like in casino..

Posted by john1 > 2013-11-08 07:54 | Report Abuse

Blugz83, on 7-11-2013 morning the price is drop, but the recover latter when the news regarding results out. Since undervalue shares, can see price up today.

Posted by john1 > 2013-11-08 12:41 | Report Abuse

KUALA LUMPUR: MISC Bhd, which Petroliam Nasional Bhd (Petronas) tried to privatise in February citing its bleak outlook due to capacity oversupply in the shipping industry, proved its parent company wrong by posting better results for the first nine months of the current financial year ending Dec 31 (FY13).

MISC raked in a net profit of RM1 billion for the nine months ended Sept 30, a whopping 1,939% jump from the RM49.13 million recorded in the previous corresponding period. For the third quarter alone, its net profit rose to RM401 million from RM138.89 million in the previous corresponding quarter.

The company, in a filing with Bursa Malaysia yesterday, attributed the improved earnings to a higher share of profit from joint ventures (JV), especially from the commencement of Gumusut-Kakap floating production system in June 2013.

Additionally, the group recorded a net impairment reversal of RM23.8 million in the current year compared with an impairment charge of RM181.6 million in the previous corresponding period.

Petronas, which owned a 62.67% stake in MISC when it proposed the privatisation, failed to take the shipping company private following strong opposition from its other shareholders.

The national oil company had to raise its original offer price of RM5.30 to RM5.50 per share in April after its substantial shareholder, the Employees Provident Fund (EPF), held out for a higher price.

Petronas eventually received a 86.07% acceptance level but it was 3.93% short of the 90% shareholding level to make the offer unconditional.

Following the failed privatisation exercise, Petronas dropped a bombshell in August when it announced its move to buy ships directly for liquefied natural gas (LNG) transport, which has been MISC’s mainstay.

Analysts saw this move as a second attempt to privatise MISC, and described the move as “disturbing”. However, this did not affect MISC very much due to stronger shipping rates and lower bunker fuel costs.

Analysts said MISC’s strong financial showing for the first nine months (9M) of FY13 was mainly due to the divestment of its liner shipping business in June 2012. The liner business, which had bled the shipping group, reported a net loss of RM622.6 million for FY12.

For 9MFY13, the liner business recorded an operating loss of only RM3.6 million, compared with a loss of RM438 million in 9MFY12.

For the third quarter (3Q), the reversal of net impairment and fully accounted losses of its discontinued liner operations pushed MISC’s profit up.

The profit increase was also attributed to lower general and administrative expenses, a RM20 million decrease in the provisions for net impairment and a RM6.6 million increase in gain on ships disposal. Share of profit from JV for the quarter doubled to RM136.7 million from RM62.1 previously.

MISC expects long-term contracts in LNG and offshore businesses to continue to provide stability to the group, going forward. This is despite chemical and petroleum shipping prospects remaining challenging amid vessel oversupply in the market.

MISC is still not out of the woods yet as it is currently in a net debt position of RM6.04 billion as at Sept 30. Of the total, RM3.37 billion consisted of short term interest bearing loans and borrowings.


The edge

Posted by Victor Valdez > 2013-11-11 02:42 | Report Abuse

MISC is run by morons nowadays..wait till their LNG long charter party expiring ..starting by next year. Glory days are long over..waiting to get rescued by Petronas.

Posted by King Kong73 > 2013-11-11 06:34 | Report Abuse

Lng business development gm is a doofuss

Posted by Tang Michael > 2013-11-11 06:41 | Report Abuse

Privatise @ 5.60 but no no.....selling @ 5.01 yes yes ...How funny....

Posted by john1 > 2013-11-11 15:58 | Report Abuse

Since the cash hold by company very high. Maybe they can give special dividend.

Posted by Roslan Osman > 2013-11-11 16:34 | Report Abuse

no div for this year

Posted by haizul > 2013-11-12 08:26 | Report Abuse

it's a cash intensive business. cash holding may look big if compared against other company but if they decide to take any expansion project, such high cash holding may not be enough.

Posted by Stockman > 2013-11-12 08:31 | Report Abuse

TP is 6.00

Posted by necro > 2013-11-19 12:43 | Report Abuse

Victor victor

Posted by nightshade > 2013-11-19 12:54 | Report Abuse

@necro....apa cerita sini?

Posted by blugz83 > 2013-11-19 13:39 | Report Abuse

misc company untung..mesti la naik..undervalue giler2

Posted by passerby > 2013-12-17 14:56 | Report Abuse

petronas related company....show some power please

Posted by jeje > 2013-12-30 18:56 | Report Abuse

power coming.

Posted by blugz83 > 2013-12-30 19:20 | Report Abuse

why suddenly up..?any news or rumor?

Posted by jeje > 2013-12-30 20:02 | Report Abuse

TP 6.50

Posted by zack_liza > 2014-01-13 16:12 | Report Abuse

misc will touch 5.80 in 3x..i think this round if breakout 5.80, will going up at 6.20 to 6.50 level...
still call buy at 5.80 and below..

Posted by zack_liza > 2014-01-29 12:20 | Report Abuse

wow touch 6.00...on the way 6.20 to 6.50...

Posted by zack_liza > 2014-01-29 15:03 | Report Abuse

strong when market uncertain..best buy if drop back at 5.80 and below..

Posted by zack_liza > 2014-01-30 10:00 | Report Abuse

today misc try to touch again at RM6.00 for second time before market closed 12.30..