EnShipping conglomerate MISC Bhd stock fell 13% in Malaysian trading today after reporting 1Q16 results late on Friday. This came despite earnings per share (before currency translation losses) rising 17.4% to 12.8 ringgit ($3.18) per share, or 24% vs. 1Q15. This may be linked to the decision by management to reduce the expected useful life … Continue reading “MISC Shares Tumbles as Asset Lives Cut”
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