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MISC Bhd (MISC.KL)

MISC.KL on Kuala Lumpur Stock Exchange

7.38MYR
21 Sep 2017
Change (% chg)

RM0.00 (+0.00%)
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RM7.38
Open
RM7.43
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RM7.43
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RM7.30
Volume
639,900
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1,598,699
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RM7.90
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RM7.03

Latest Key Developments (Source: Significant Developments)

MISC Bhd says qtrly revenue 2.3 million rgt
Wednesday, 9 Aug 2017 01:19am EDT 

Aug 9 (Reuters) - Misc Bhd ::Qtrly revenue 2.3 million rgt.Qtrly net profit 556.5 million rgt versus 1.35 billion rgt.Year-Ago qtrly revenue 2.39 billion rgt.Approved a second tax exempt dividend of 7.0 sen per share in respect of financial year 2017.  Full Article

MISC Bhd says qtrly net profit 556.5 million rgt vs 1.35 billion rgt
Wednesday, 9 Aug 2017 12:44am EDT 

Aug 9 (Reuters) - MISC Bhd ::Qtrly revenue 2.30 billion rgt .Qtrly net profit 556.5 million rgt versus 1.35 billion rgt.Year-ago qtrly revenue 2.39 billion rgt.Approved a second tax exempt dividend of 7.0 sen per share in respect of financial year 2017.  Full Article

MISC Bhd says unit acquired AET Shipmanagement
Wednesday, 2 Aug 2017 05:53am EDT 

Aug 2 (Reuters) - MISC Bhd ::Unit acquired entire issued and paid-up share capital of AET Shipmanagement from AET Tanker Holdings Sdn. Bhd.Acquisition of AET shipmanagement for a provisional purchase consideration of USD5.3 million.Unit of AET Holdings (l) Pte, acquired 50 pct of issued and paid-up share capital of EMH from MISC for provisional purchase consideration of US$3.2 million.Both acquisitions are not expected to have any material effect on the earnings of MISC for the financial year ending 31 December 2017.  Full Article

MISC Bhd says unit AET Tanker Holdings awarded contract
Thursday, 22 Jun 2017 08:53am EDT 

June 22 (Reuters) - MISC Bhd ::Unit as been awarded a long term contract to own and operate two specialist DP2 offshore loading shuttle tankers from Statoil ASA.Contract value for 7 years charter period is estimated to be USD275 million.Contract is also not expected to have any material impact eps of MISC Group for the financial year ending 31 December 2017.Contract value for charter period (yet to be decided by Statoil) of 5 years is estimated at USD200 million.  Full Article

Statoil awards Malaysia's AET contract for two new shuttle tankers to be built at Samsung
Thursday, 22 Jun 2017 06:00am EDT 

June 22 (Reuters) - Statoil Asa ::Statoil awards contract on new shuttle tankers - statoil.com.Statoil awards a contract to AET, a subsidiary of Malaysian energy shipping group, MISC Berhad, to operate two specialist DP2 offshore loading shuttle tankers (OLSTS) on long-term charter .These new vessels will be in addition to two AET DP2 ships currently on charter offshore Norway .The two existing DP2 tankers are owned and operated by AET Sea Shuttle AS (AETSS), a joint venture company formed in 2012 that is also 95 pct owned by AET and 5 pct by Norwegian ADS Shipping.Two twin 125,000 dwt tankers will be built by Samsung heavy industries for delivery in 2019 and will be contracted to Statoil.Operations for the two new vessels will be in oilfields on the Norwegian Continental Shelf of the North Sea, Norwegian Sea and the southern Barents Sea as well as on the UK Continental Shelf.The shuttle tankers will be built with LNG dual-fuel for main and auxiliary engines and also an option to be fitted with a volatile organic compound (VOC) recovery system.When in operation from 2019, these two DPSTs are expected to be the world’s first LNG fueled DPSTs and most energy efficient.  Full Article

MISC update on litigation by unit against Sabah Shell Petroleum Co
Friday, 2 Jun 2017 05:33am EDT 

June 2 (Reuters) - MISC Bhd :Refer to announcements regarding arbitration and adjudication proceedings commenced by unit against Sabah Shell Petroleum Company.Company now wishes to announce that Sabah Shell Petroleum Company has filed its statement of defence and counterclaim.In its SDCC, SSPC has refuted GKL’s claims and is counterclaiming against GKL for alleged defective work.SSPC has refuted GKL’s claims & counterclaiming against GKL for alleged limited functionality of Gumusut–Kakap Semi-Floating Production System.SSPC has refuted GKL’s claims & counterclaiming against GKL for liquidated damages & refund of full amount paid to GKL under adjudication decision.  Full Article

MISC posts qtrly net profit of 676.2 million rgt
Thursday, 4 May 2017 05:36am EDT 

May 4 (Reuters) - Misc Bhd :Qtrly revenue 2.98 billion rgt.Qtrly net profit 676.2 million rgt.Year ago qtrly net profit 571 million rgt, revenue 2.39 billion rgt.Approved a first tax exempt dividend of 7.0 sen per share in respect of financial year 2017.  Full Article

MISC Bhd qtrly profit attributable 134.2 mln rgt vs 483.6 mln rgt
Wednesday, 2 Nov 2016 01:26am EDT 

MISC Bhd : qtrly revenue 2.29 billion rgt versus 2.51 billion rgt . Qtrly profit attributable 134.2 million rgt versus 483.6 million rgt . no dividend has been proposed by the board of directors for this quarter ended 30 september 2016 . with pickup of refinery activities leading up to peak winter months, expect group’s petroleum shipping business to end year on a firmer note . "prospects of new tenders and projects remain poor in the offshore segment. " . "underutilization of assets may subject mhb to impairment charges which will significantly affect its current year financial results" .number of unutilised newbuild deliveries into the market which continues to dampen the long-term and short-term charter markets for lng.  Full Article

Misc Bhd updates on material litigation
Friday, 30 Sep 2016 10:45am EDT 

Misc Bhd : Legal proceedings were commenced to seek resolution on contractual disputes covering claims for outstanding additional lease rates, payment for completed variation works . Legal proceedings are not expected to have any material impact on the eps, of misc for the financial year ending 31 december 2016 . Gkl claiming total sum of usd245 million and applicable interest at any rate deemed fit by the tribunal/adjudicator from sspc Source (http://bit.ly/2dd0i7w) Further company coverage: [MISC.KL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

MISC Bhd says unit MISC Offshore Floating Terminals Ltd has been awarded a contract
Tuesday, 23 Aug 2016 05:34am EDT 

MISC Bhd : Unit MISC Offshore Floating Terminals Ltd has been awarded a contract for the lease and operations of a floating, storage and offloading vessel . The lease and operations of a floating, storage and offloading vessel for the fso benchamas 2 project by Chevron offshore limited in the gulf of Thailand . The contract is valued at approximately US$230 million and is for a duration of 10 years . Contract not expected to have any material impact to the earnings per share, gearing and net assets per share of the MISC Group for FY ending 31 December 2016 .  Full Article