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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  MISC    MISC   MYL3816OO005

MISC

(MISC)
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MISC Buys Six Ethane Carriers From Zhejiang Satellite Petrochemical for $726 Million

07/15/2020 | 06:18am EST

By Chester Tay

MISC Bhd. is buying six newly built Very Large Ethane Carriers, each with a capacity of 98,000 cubic meters, from Shenzhen-listed Zhejiang Satellite Petrochemical Co. for $726 million.

MISC's vessel-owning entity, Portovenere and Lerici (Singapore) Pte. Ltd., will charter the vessels to Zhejiang Satellite for 15 years to operate in international waters, it said Wednesday.

The charters for the vessels are expected to commence in the last fourth quarter of 2020. Samsung Heavy Industries Co. and Hyundai Heavy Industries Co., both shipyards in South Korea, are constructing three vessels each.

 

Write to Chester Tay at chester.tay@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION -2.27% 17250 End-of-day quote.8.15%
HYUNDAI HEAVY INDUSTRIES HOLDINGS CO., LTD. -1.97% 273500 End-of-day quote.-3.53%
HYUNDAI MOTOR COMPANY -4.19% 240000 End-of-day quote.25.00%
KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. -3.80% 114000 End-of-day quote.5.07%
MISC -1.50% 6.58 End-of-day quote.-4.22%
SAMSUNG ELECTRONICS CO., LTD. -1.90% 88000 End-of-day quote.8.64%
SAMSUNG HEAVY INDUSTRIES CO., LTD. -2.66% 6940 End-of-day quote.-1.42%
ZHEJIANG SATELLITE PETROCHEMICAL CO., LTD. -2.21% 28.79 End-of-day quote.10.22%
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Financials
Sales 2020 9 358 M 2 319 M 2 319 M
Net income 2020 -136 M -33,7 M -33,7 M
Net Debt 2020 8 225 M 2 038 M 2 038 M
P/E ratio 2020 76,2x
Yield 2020 4,59%
Capitalization 29 371 M 7 258 M 7 279 M
EV / Sales 2020 4,02x
EV / Sales 2021 3,69x
Nbr of Employees 8 839
Free-Float 25,2%
Chart MISC
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MISC Technical Analysis Chart | MISC | MYL3816OO005 | MarketScreener
Technical analysis trends MISC
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 8,18 MYR
Last Close Price 6,58 MYR
Spread / Highest target 42,9%
Spread / Average Target 24,3%
Spread / Lowest Target 3,34%
EPS Revisions
Managers and Directors
NameTitle
Yang Chien Yee President, Group CEO & Executive Director
Abdul Halim bin Mohyiddin Chairman
Encik Raja Azlan Shah bin Raja Azwa Chief Financial Officer & Vice President-Finance
Nasarudin bin Mohammed Idris Independent Non-Executive Director
Beng Choon Lim Independent Non-Executive Director
Sector and Competitors