$MISC / 3816 (MISC BERHAD)
Research by MIDF
BUY– TP RM9.75

" Earnings Gained from Charter, Upstream Activities”

• MISC’s 1HFY24 core earnings up +36%yoy; in-line with expectations
• Higher profit from increased charter rates, higher heavy engineering and marine activities
• Higher LNG demand, higher charter rates, higher upstream activities to support MISC moving forward
• Maintain BUY with an unchanged target price of RM9.75

Analyst:
MIDF Research
research@midf.com.my