MISC Berhad Business Overview

MISC Berhad is a Malaysian shipping and logistics company with a rich history dating back to 1968. It was established as a government-owned corporation to provide shipping services to the country.

The company has undergone significant transformations over the years, with the first major change occurring in 1975 when it was listed on the Kuala Lumpur Stock Exchange. Today, MISC is a leading player in the global shipping industry.

MISC's business is divided into several segments, including shipping, logistics, and oil and gas services. The company operates a fleet of over 100 vessels, ranging from tankers to container ships.

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MISC Berhad is a specialist in Energy Transportation, with its headquarters located at Menara Dayabumi in Kuala Lumpur, Malaysia.

The company operates 29 LNG carriers, making it one of the world's leading operators of LNG fleets. Through its wholly owned subsidiary AET, MISC is also a leading global tanker operator and a market leader in lightering operations for US Gulf ship-to-ship transfers.

MISC's business extends beyond energy transportation, as it also freights vegetable oil and chemical products to various regions including South East Asia, the Far East, Middle East, Europe, the Indian Subcontinent, and the Americas.

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MISC is a specialist in Energy Transportation, with its headquarters located in Kuala Lumpur, Malaysia. They operate a fleet of 125 vessels.

One of their key areas of expertise is in LNG (Liquefied Natural Gas) transportation, with 29 LNG carriers making them one of the world's leading operators of LNG fleets.

MISC also offers a range of other services, including freighting vegetable oil and chemical products to various regions around the world.

Their trading routes span across South East Asia, the Far East, Middle East, Europe, the Indian Subcontinent, and the Americas.

Here's a breakdown of the types of vessels operated by MISC:

MISC has also ventured into offshore business, offering customers a range of services including design, operations, and construction of offshore floating facilities.

Sales by Activity provides a clear picture of MISC Berhad's revenue streams.

Petroleum & Product sales have seen a significant increase, from RM3.86 billion in 2020 to RM5.04 billion in 2024.

Marine & Heavy Engineering sales have also shown growth, with a total of RM3.61 billion in 2024.

Gas Assets & Solutions sales have been steadily increasing, reaching RM2.99 billion in 2024.

Offshore Business sales have experienced fluctuations, with a high of RM4.32 billion in 2022 and a low of RM1.64 billion in 2024.

Here's a breakdown of MISC Berhad's sales by activity for 2024:

It's worth noting that the company's sales have diversified across various activities.

As we look at the sales numbers by geography, it's clear that the North American market is leading the way with a significant share of 55%. This is likely due to the region's large population and established infrastructure.

The European market is a close second, accounting for 26% of total sales. This is a notable figure, considering the region's economic fluctuations in recent years.

Asia Pacific is a rapidly growing market, with sales increasing by 15% year-over-year. This region's growth is driven by the increasing demand for our products in countries like China and India.

Latin America and Middle East & Africa are smaller markets, but still important for our business. These regions account for 10% and 9% of total sales, respectively.

The Board of Directors at MISC Berhad is comprised of experienced individuals with diverse backgrounds and expertise. Puan Liza binti Mustapha has been a Director/Board Member since 2017.

The ages of the Directors range from 53 to 72 years old, with Abu Huraira bin Abu Yazid being the oldest at 72.

Abu Huraira bin Abu Yazid serves as the Chairman of the Board, a position he has held since 2020-12-31.

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85 people are employed at MISC Berhad.

Effective employees are the backbone of any successful organization. They are responsible for driving business growth, improving efficiency, and enhancing customer satisfaction.

A well-structured performance management system is crucial in identifying and developing top employees. According to our analysis, companies that implement regular performance reviews and feedback sessions are more likely to retain their top performers.

Top employees are often characterized by their exceptional skills, work ethic, and dedication to their role. In fact, research shows that employees who are engaged and motivated are 26% more productive than those who are not.

Their contributions to the organization are often recognized and rewarded through various incentives and benefits. For instance, some companies offer stock options, bonuses, or promotions to their top employees.

Top employees often have a positive impact on their colleagues, creating a ripple effect of productivity and motivation throughout the team.

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The Board of Directors at MISC Berhad is comprised of six members, with a mix of ages and tenures. The youngest member is Zahid bin Osman, who is 53 years old and has been on the board since 2024.

Abu Huraira bin Abu Yazid serves as the Chairman, bringing 72 years of experience to the role and having been appointed as of 2020. The other board members are Puan Liza binti Mustapha, Norazah Mohamed Razali, Mohammad Suhaimi bin Mohammad Yasin, Liong Kim Chew, Tengku Marina binti Tunku Annuar, and Wan Shamilah Binti Wan Muhammad Saidi.

Here is a list of the Board of Directors with their ages and tenure:

Institutional shareholders play a significant role in the company's ownership structure. Permodalan Nasional Bhd. holds 327.84 million shares, accounting for 7.34% of the total shares.

The Vanguard Group, Inc. is another prominent institutional shareholder, holding 78.34 million shares, which is 1.76% of the total shares. Eastspring Investments Bhd. has also increased its stake, buying an additional 15.92 million shares, now holding 37.50 million shares, or 0.84% of the total shares.

Here's a breakdown of the top institutional shareholders:

Some institutional shareholders have sold their shares in the company. For example, AIA Bhd. sold 14.19 million shares, reducing its stake to 19.09 million shares, or 0.43% of the total shares.

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MISC Berhad's financial performance is a key aspect of its overall success. The company has consistently delivered strong financial results, with a net profit of RM1.3 billion in 2020.

MISC Berhad's revenue streams are diverse, with significant contributions from its shipping and logistics operations. In 2020, the company's revenue from shipping and logistics services was RM7.8 billion.

The company's strong financial position is also reflected in its low debt-to-equity ratio. As of 2020, MISC Berhad's debt-to-equity ratio was 0.33, indicating a healthy balance sheet.

MISC Berhad is also subject to various regulations and laws governing its operations. The company is listed on the Bursa Malaysia and is required to comply with the Malaysian Code on Corporate Governance.

The company's compliance with regulatory requirements is overseen by the Malaysian Securities Commission and the Bursa Malaysia.

MISC Berhad has been involved in some significant mergers and acquisitions in the offshore energy industry. Bumi Armada, a Malaysian offshore energy facilities provider, is in talks with MISC to explore a merger with the maritime conglomerate's offshore unit.

Bumi Armada has a long history of providing offshore energy facilities, and a merger with MISC's offshore unit could be a major move for the company. SBM Offshore, a partner of MISC Berhad, has signed two share purchase agreements with MISC Berhad related to two floating production storage and offloading units.

Under these agreements, SBM Offshore will acquire MISC Berhad's entire effective equity interest in the two FPSO units, marking a significant transaction in the industry. This deal shows that MISC Berhad is actively involved in mergers and acquisitions that can benefit its business and partners.

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The SIC code is a crucial piece of information in mergers and acquisitions, and it's essential to understand what it means.

A SIC code is a four-digit code assigned to businesses based on their primary activity.

For example, MISC Berhad, a Malaysian shipping company, has SIC codes 47 and 473.

In the context of M&A, SIC codes can help identify the target company's industry and potential synergies with the acquiring company.

Knowing the SIC code of a company can also provide valuable insights into its business operations and revenue streams.

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Bumi Armada, a Malaysian offshore energy facilities provider, is in talks with MISC to explore a merger with the maritime conglomerate's offshore unit.

The potential merger is a significant development in the industry, with Bumi Armada seeking to expand its operations.

Bumi Armada has entered into a discussion with MISC to explore a merger, as stated in a Bursa Malaysia filing.

The merger would bring together two major players in the offshore energy sector, creating a more formidable force in the market.

Bumi Armada is a leading provider of offshore energy facilities, and a merger with MISC's offshore unit would further solidify its position.

The talks between Bumi Armada and MISC are ongoing, with no official announcement made yet regarding the outcome.

SBM and MISC Berhad have inked share purchase deals for two FPSOs, a significant move in the oil and gas industry.

SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading units.

Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest in the two FPSOs.