AmInvestment Bank upgrades MISC to buy and raises target price to 9.40 ringgit

4 articles · Updated · The Wall Street Journal · Apr 28

The upgrade is driven by expectations of higher tanker rates and secure long-term charter deals with QatarEnergy, with 2026-2028 core earnings estimates raised by 8%-13%.
Analyst Aimi Nasuha Md Nazri notes every 10% increase in tanker spot rates could lift MISC’s earnings by about 5%. Shares currently trade at 8.05 ringgit, down 0.4%.
MISC’s unit AET is expected to benefit from stronger spot rates and longer shipping distances, especially in the Atlantic basin, providing the company with steady income and clearer earnings visibility.

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