MISC ends RM250 million disposal plan: 2030 charters support MISC stock

MISC (ISIN MYL3816OO005) terminated a RM250 million plan to sell its logistics subsidiary on October 19, 2026, keeping the business inside the group. The company had also secured five 20-year LNG charters starting in 2030, giving MISC stock a second corporate development to assess.

Why the disposal changed

According to The Edge on October 19, 2026, Golden Age Logistics did not fulfill obligations required to complete the sale of MISC Integrated Logistics. MISC said the unit will remain wholly owned, preserving its existing logistics exposure rather than converting the planned RM250 million transaction into cash.

What the LNG contracts add

The Star reported on October 8, 2026 that MISC accepted the award from PETRONAS LNG on October 7 for five newbuild LNG carriers. The vessels will operate under firm 20-year charters, while the company said the project would not materially affect earnings per share, gearing or net assets per share for fiscal year 2026.

Kenanga Research estimated that the vessels could add RM162 million to MISC's fiscal year 2026 earnings base, equivalent to 6.00 percent, based on assumptions cited by The Star on October 12, 2026. The same analysis put total capital expenditure at US$1.10 billion and projected an additional RM600 million in annual revenue, although construction and financing costs weigh on early returns.

What does the timeline mean?

The contracts shift the central financial payoff toward 2030, when charter operations are expected to begin. The Star reported that the five vessels could expand annual revenue by at least RM600 million and lift the Gas Assets and Solutions division's earnings before interest and tax margin by 2 to 3 percentage points, while debt servicing could constrain earnings from 2030 to 2035.

Three dated company developments

On August 27, 2026, MISC reported second-quarter 2026 revenue of RM4.79 billion, up 76.00 percent from the prior-year quarter, according to Simply Wall St. On October 7, MISC accepted the five-carrier LNG award. On October 19, it terminated the RM250 million logistics disposal plan.

Upcoming reporting date

Simply Wall St lists November 27, 2026 as MISC's next earnings date. The LNG charters are scheduled to commence in 2030, creating a long-dated operating milestone rather than an immediate earnings event.

Capital allocation stays central

MISC's latest decisions combine retained logistics ownership with contracted LNG expansion. For investors, the key comparison is between the RM250 million disposal that ended and the longer-term revenue and margin potential attached to five vessels.

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