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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  MISC    MISC   MYL3816OO005


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MISC : PETRONAS Optimises its Portfolio of Shareholdings in MISC Berhad and KLCCP Stapled Group

12/11/2020 | 10:22am EDT

Kuala Lumpur - PETRONAS has successfully pared down its shareholdings in MISC Berhad ('MISC') and KLCCP Stapled Group ('KLCC SG') on Bursa Malaysia Securities on 10 December 2020 via an equity accelerated bookbuilding exercise.

The pare down was carried out as part of PETRONAS' continued portfolio optimisation efforts to ensure a robust and sustainable portfolio, ready to capture new step-out business opportunities. These sales of shares will result in greater local and international investor participation and ownership in these companies, in addition to increased stock liquidity.

PETRONAS continues to retain controlling stakes in MISC and KLCC SG, which remain to be key solution providers to PETRONAS.


This press release is not an offer of securities for sale in the United States, and securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offer of securities to be made in the United States would be by means of a prospectus that would be obtainable from the issuer or the selling security holder of such security that would contain detailed information about the issuer and its management as well as financial statements. PETRONAS has no intention to register any part of this sale in the United States.


Tel: + (603) 2051 5000

(C) 2020 Electronic News Publishing, source ENP Newswire

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Sales 2021 10 446 M 2 531 M 2 531 M
Net income 2021 1 991 M 482 M 482 M
Net Debt 2021 7 962 M 1 929 M 1 929 M
P/E ratio 2021 15,4x
Yield 2021 4,57%
Capitalization 30 800 M 7 466 M 7 463 M
EV / Sales 2021 3,71x
EV / Sales 2022 3,61x
Nbr of Employees 8 632
Free-Float 25,2%
Chart MISC
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Technical analysis trends MISC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 15
Average target price 7,96 MYR
Last Close Price 6,90 MYR
Spread / Highest target 29,0%
Spread / Average Target 15,3%
Spread / Lowest Target -6,52%
EPS Revisions
Managers and Directors
Yang Chien Yee President, Group CEO & Executive Director
Encik Raja Azlan Shah bin Raja Azwa Chief Financial Officer & Vice President-Finance
Abu Huraira Abu Yazid Chairman
Ausmal bin Kardin Joint Secretary, VP-Legal & Compliance
Nasarudin bin Mohammed Idris Independent Non-Executive Director