MTT Shipping and Logistics: Ruling the Domestic Container Lanes

Public Investment Bank has set a fair value of RM1.23 by ascribing a 10x PER to FY27F EPS for MTT Shipping and Logistics Berhad (MTTSL).

“We arrive at a fair value of RM1.23 by ascribing a 10x PER to FY27F EPS. The 10x multiple, which is a 100% premium to peers at approximately 5x, is supported by MTTSL’s market leadership, younger fleet, and stronger margins. The dividend yield is estimated at 6.1%, reflecting a 50% PAT payout policy.”

MTT Shippping

MTT Shipping and Logistics Berhad (MTTSL), the largest Malaysian-flagged container liner operator with ~46% cabotage share on West Malaysia (WM)–East Malaysia (EM) routes.

It serves all EM ports, with frequent sailings (average of 321 port calls annually recorded in 2023–2025).

MTTSL provides container liner, vessel chartering, and container storage services, supported by the largest and youngest fleet of 26 vessels (average age ~7.2 years), including 11 chartered-out vessels.

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