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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

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07/15/2020 | 07:18am 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 0.35% 14150 End-of-day quote.-20.95%
HYUNDAI HEAVY INDUSTRIES HOLDINGS CO., LTD. 0.22% 223000 End-of-day quote.-34.02%
HYUNDAI MOTOR COMPANY 0.58% 173500 End-of-day quote.43.98%
KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. 0.25% 81000 End-of-day quote.-35.97%
MISC -0.59% 6.75 End-of-day quote.-19.16%
SAMSUNG ELECTRONICS CO., LTD. -1.34% 59000 End-of-day quote.5.73%
SAMSUNG HEAVY INDUSTRIES CO., LTD. 0.20% 5110 End-of-day quote.-29.71%
ZHEJIANG SATELLITE PETROCHEMICAL CO., LTD. 2.12% 21.68 End-of-day quote.32.60%
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Financials
Sales 2020 9 718 M 2 333 M 2 333 M
Net income 2020 2 041 M 490 M 490 M
Net Debt 2020 8 180 M 1 964 M 1 964 M
P/E ratio 2020 14,9x
Yield 2020 4,44%
Capitalization 30 309 M 7 280 M 7 277 M
EV / Sales 2020 3,96x
EV / Sales 2021 3,68x
Nbr of Employees 8 839
Free-Float 20,4%
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Technical analysis trends MISC
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TrendsBearishBearishBearish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 8,29 MYR
Last Close Price 6,79 MYR
Spread / Highest target 38,4%
Spread / Average Target 22,0%
Spread / Lowest Target 0,15%
EPS Revisions
Managers
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
1st jan.Capitalization (M$)
MISC-18.68%7 300
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DP WORLD PLC--.--%13 471
ADANI PORTS & SPECIAL ECONOMIC ZONE-0.63%9 994
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED-37.94%3 873
WESTPORTS HOLDINGS-7.36%3 189