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    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 EDT

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 -1.44% 20550 End-of-day quote.28.84%
HYUNDAI HEAVY INDUSTRIES HOLDINGS CO., LTD. -1.55% 69900 End-of-day quote.23.28%
HYUNDAI MOTOR COMPANY -0.63% 235000 End-of-day quote.22.40%
KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. -1.12% 132500 End-of-day quote.22.12%
MISC 2.31% 7.09 End-of-day quote.3.20%
SAMSUNG ELECTRONICS CO., LTD. -0.49% 80500 End-of-day quote.-0.62%
SAMSUNG HEAVY INDUSTRIES CO., LTD. -1.88% 6770 End-of-day quote.-3.84%
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More news
Financials
Sales 2021 10 294 M - -
Net income 2021 1 841 M - -
Net Debt 2021 8 646 M - -
P/E ratio 2021 17,3x
Yield 2021 4,49%
Capitalization 31 648 M 7 613 M -
EV / Sales 2021 3,91x
EV / Sales 2022 3,74x
Nbr of Employees 8 632
Free-Float 17,7%
Chart MISC
Duration : Period :
MISC Technical Analysis Chart | MarketScreener
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Technical analysis trends MISC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 7,78 MYR
Last Close Price 7,09 MYR
Spread / Highest target 22,0%
Spread / Average Target 9,71%
Spread / Lowest Target -9,73%
EPS Revisions
Managers and Directors
NameTitle
Yang Chien Yee President, Group CEO & Executive Director
Encik Raja Azlan Shah bin Raja Azwa Chief Financial Officer & Vice President-Finance
Abu Huraira bin Abu Yazid Chairman
Ausmal bin Kardin Joint Secretary, VP-Legal & Compliance
Nasarudin bin Mohammed Idris Independent Non-Executive Director