MISC Sees Continued Growth with Strong Balance Sheet

PETALING JAYA - MISC Bhd is set to maintain its earnings momentum due to steady petroleum shipping rates, increasing offshore activity, and a robust balance sheet.

Hong Leong Investment Bank Research (HLIB) and MBSB Research both retained 'buy' calls on MISC with the same target price of RM9.22.

HLIB raised earnings forecasts for FY26 to FY28 by 18.1%, 6.8% and 0.7% respectively, based on firmer tanker rates, while MBSB Research made no changes as 1H26 performance was in line with expectations.

MISC's defensive business model, anchored by long-term LNG and petroleum charters, makes it relatively insulated from geopolitical tensions.