Suria Capital Holdings – a Buy call is maintained by analysts at an FV of RM2.55.
Mount Ruang eruption: Business as usual
Mount Ruang, a stratovolcano in North Sulawesi Province, erupted several times in Indonesia’s outermost region since Tuesday. Due to the volcanic eruption, Malaysia Airlines and AirAsia announced flight cancellations to East Malaysia due to the Mount Ruang eruption.
Volcanic ash can pose various challenges to marine transportation. Volcanic ash can quickly clog air intake filters, severely reducing airflow to essential machinery onboard ships.
At this juncture, management guided no disruptions to shipping activities. Sabah port is operating as usual. There were no shipping cancellations nor diversion of shipping arising from the situation.
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