MISC Bhd, a major player in the liquefied natural gas (LNG) sector, maintains a positive outlook on LNG, believing that clients are willing to offer favorable rates despite increased asset prices. RHB Research notes that MISC's gas segment, with 31 LNG carriers, remains a key contributor to earnings, constituting 61% of total operating profit in 9M 2023. The company anticipates stable earnings from LNG carriers and will consider various options, including contract extensions and re-deployment opportunities. While the trend shows relatively shorter charter periods, MISC plans to build new vessels backed by firm contracts with attractive project returns. The company aims to enhance environmental sustainability, retrofitting LNG carriers to comply with International Maritime Organisation (IMO) regulations. RHB Research maintains a positive outlook, emphasizing MISC's solid financial position and anticipates a boost from the Mero 3 project in 2H 2024.

SOURCE:GOOGLE