MISC's 20-Year LNG Charter to Strengthen Long-Term Outlook -- Market Talk

Dow Jones10:01

0201 GMT - MISC's 20-year liquefied natural gas charter from Petronas LNG for three newbuild carriers appears strategically positive, as it reinforces MISC's position as the national oil company's core LNG shipping partner, TA Securities analyst Luqman Anwar says in a note. The deal may support MISC's fleet rejuvenation, accelerating its shift toward more fuel-efficient, lower-emission vessels and enhancing long-term competitiveness amid tighter environmental standards, he says. While earnings contributions are long dated, the contract reduces exposure to spot market volatility and carries minimal counterparty risk, he says. He doesn't expect material near-term earnings impact, as vessel deliveries and charter commencement are scheduled to begin in 2029. TA Securities maintains a hold rating on MISC and keeps its target price at MYR8.40. Shares are 0.6% higher at MYR8.18. (yingxian.wong@wsj.com)

 

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February 03, 2026 21:01 ET (02:01 GMT)

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