MISC stock reports 90 percent revenue growth in Q2

Published on 10/05/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MISC stock posted USD 293 million profit after tax in Q2 2026, up from USD 110 million a year earlier. CIMB raised its target to MYR 9.55 on October 5, 2026.

MISC, MYL3816OO005, Illustration mit AI erstellt.

MISC stock was trading at MYR 7.68 on Bursa Malaysia on October 5, 2026, at 4:44 p.m. MYT, up 1.99 percent from MYR 7.53. The shipping group reported USD 1.2 billion in second-quarter 2026 revenue, a 90 percent increase from the year-earlier quarter, according to Yahoo Finance.

Q2 earnings show tanker leverage

MISC's profit after tax rose from USD 110 million in Q2 2025 to USD 293 million in Q2 2026, a 166.4 percent increase. Operating profit reached USD 295 million, while operating cash flow was USD 599 million in the quarter, according to Yahoo Finance.

The petroleum segment supplied the main earnings engine. Its Q2 2026 revenue reached USD 562 million, compared with USD 299 million in Q2 2025 and USD 382 million in Q1 2026, while segment profit after tax reached USD 232 million versus USD 55 million a year earlier.

Analysts lift targets as rates strengthen

CIMB raised its MISC target price to MYR 9.55 from MYR 9.37 and kept a Buy rating on October 5, 2026, as higher tanker rates supported its 2026 to 2028 earnings estimates, according to TradingView. The same report identified a proposed MYR 2.85 billion investment in Yinson as a factor that could raise debt and delay cash returns.

Kenanga maintained an Outperform call and a MYR 9.20 target, citing shipping-route disruptions and elevated tonne-mile demand, according to The Malaysian Reserve. The research house also said tanker rates could remain above 2024 and 2025 levels in 2027.

Consensus target stays above price

Investing.com lists a Buy consensus from 14 analysts, with eight Buy ratings, five Holds and one Sell. The average 12-month target is MYR 9.00, with a high of MYR 10.00 and a low of MYR 7.35; the average target lies 17.2 percent above the MYR 7.68 price, according to Investing.com.

MISC stock remains below yearly high

MISC stock was trading at MYR 7.68 on Bursa Malaysia on October 5, 2026, with a 52-week range of MYR 7.12 to MYR 9.04 and a market capitalization of MYR 34.3 billion. The price stood 15.0 percent below the 52-week high.