MUHIBBAH ENGINEERING (M) BHD

KLSE (MYR): MUHIBAH (5703)

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Last Price

1.02

Today's Change

+0.025 (2.51%)

Day's Change

0.995 - 1.03

Trading Volume

1,955,800

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Stock Price

238

1000

110

900

600

Discussions
16 people like this. Showing 50 of 3,547 comments

ValueMaker


According to the joint statement from SSCA & SCA, the Cambodia government has approved CAIC to appoint SCA as the key operator of the new airport !!


SCA: SOCIETE CONCESSIONAIRE DE I' AEROPORT (Muhibah’s association)
SSCA: State Secretariat of Civil Aviation (Cambodia Governemnt)
CAIC: Cambodia Airport Investment Co., Ltd (developer & owner of the new airport)


柬政府授权法国机场特许公司参与经营新金边国际机场
https://www.jianhuadaily.com/20240405/234893

2 months ago

ming



Wow~ the CIMB research is good ! He quoted below statement in the Feb report:

‘The most ideal scenario for Muhibbah is to receive compensation for the loss of its existing operations of Phnom Penh airport and be engaged to operate the new airport’



Today it’s come TRUE !!!

柬埔寨政府授权法国机场特许公司 参与经营新金边国际机场
https://cc-times.com/posts/24528

2 months ago

soon9913

Ming, thanks for sharing the news.. such good news but price remain stagnant .....

2 months ago

ValueMaker

Muhibbah Engineering Bhd having recently secured a noise barrier package contract worth RM22mil under the Johor Baru-Singapore Rapid Transit System Link

1 month ago

soon9913

this counter will be benefiting from high oil price also, will get more contracts soon

1 month ago

snake_eye

Muhibbah Engineering (M) Bhd. (KLSE:MUHIBAH) Shares Could Be 27% Below Their Intrinsic Value Estimate

1 month ago

snake_eye

currently trading at below 30% of its intrinsic value based on last quarter result. so the actual price should be around 1.14..if the next quarter the result is positive and get more contract, the IV should be higher...so collect any price at below 90 and wait for the market recover. hope WW3 will not happen.

1 month ago

Davidl

Time to accumulate!

1 month ago

ValueMaker

最新进展:

睦兴旺(MUHIBAH,5703 ,主板建筑股)拥有柬埔寨机场(SCA)21%有效股权,该机场持有金边和西哈努克机场特许经营权。

尽管暹粒的特许经营权,早在2023年10月就交还给柬埔寨政府,不过,位于金边干丹的新国际机场目前正在建设中,预计将在明年首半年开始运作。

有关新机场预计将取代在金边营运的旧机场,而公司也将获得相应的赔偿。

睦兴旺 MUHIBAH
行家建议:

在与睦兴旺管理层进行会谈后,我们更加乐观看待公司在金边的机场特许经营权,将取得良好的成果。

该公司表示,目前正与柬埔寨政府协商,相信退出金边旧机场后,将可获得一笔赔偿费用。

与此同时,位于金边干丹的新国际机场的特许经营权,将交到睦兴旺的手中,取代现有经营权。

就整体而言,我们预计公司在今明财年的净利,会有更好的表现,主要是旅客人数增加,料带动机场业务表现走高。

此外,截至今年2月,公司手握22亿令吉的订单、造船厂的业务有所回升,且凭借海上专业,能从国油公司手中获得更多合约。

综合以上,我们重申“增持”评级,目标价维持1.34令吉不变。


分析:银河国际证券

目标价:1.34令吉

1 month ago

ming

Cambodia Airports Passengers Traffic (exclude Siem Reap Airport):

2024 Q1: 1.181mil passengers
Y-Y increase 22.9%
Q-Q increase 8.6%



2023 Full year: 4.031mil passengers


2022 Full year: 2.010mil passengers 


1 month ago

ValueMaker

+20% increase in airport passengers service charge

+Compensation of closure PP airport

+New agreement to operate Techo airport

1 month ago

ming

This week PP airport recorded highest number of arrival flights as 375 (highest since MCO)
Prior to this the highest was 367 flights (last week & twice in Feb).

24Q1 average as 356 flights/week.

23Q4 average as 341 flights/week.

1 month ago

lloydlim

Time to accumulate!

1 month ago

snake_eye

i thought it is going to shoot up..luckily it came down back..i am waiting my fund to buy..hope can drop below 90 this 2 weeks..

1 month ago

ming

迪拜—金边即将恢复往返航班

【本报消息】阿联酋航空公司(Emirates Airline)将于5月1日起,正式恢复暂停约3年的迪拜-金边客运往返航班。



据介绍,该航空公司将于今年5月1日起恢复从迪拜经新加坡中转至金边的客运航班,届时每日一班。

应提的是,阿联酋航空于2017年开通迪拜往返金边航班。然而,受新冠疫情影响,该航班自2021年以来停航至今。



https://www.jianhuadaily.com/20240424/236612

1 month ago

ming

6月起金边暹粒-郑州航线航班将增至每周3班

(金边讯)中国河南省副省长孙守刚表示,自6月起,金边暹粒—郑州国际客运航线航班将增加至每周三个航班。


https://cc-times.com/posts/24690

1 month ago

soon9913

Next month sure can break rm1.. Damn cheap valuation

1 month ago

ValueMaker

Mr Ooi Keng Thye become 2nd largest shareholder after Mac family..

1 month ago

soon9913

OKT is the major shareholder of Gtronic?

1 month ago

ValueMaker

Famous with Frontkn; now in Gtronic

1 month ago

sirM4KU

Back to 1.00 next week

1 month ago

soon9913

GTRONIC price drop so much

1 month ago

ValueMaker

The daily departure flight from Sihanoukville airport has double up to 4 flights / day recently.

It has been maintain long long time at only 2 flights departure per day more than a year.

1 month ago

snake_eye

since cannot breakout, it will drop back tomorrow

1 month ago

ming

anak dah new high in 2 years~ kasi tumpang power break above 1

1 month ago

soon9913

TP rm2.

1 month ago

snake_eye

the only good potential construction and o&G company not breakout yet...

4 weeks ago

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4 weeks ago

Cryptolover

breaking RM 1 psychological barrier

3 weeks ago

lloydlim

Time to accumulate!

2 weeks ago

Davidl

Hold tight tight guys! Uptrend is still intact.

1 week ago

soon9913

all their biz oil and gas, airport and construction are in good prospect ... back to RM3 soon .. precovid price!!

1 week ago

soon9913

Ming how the airtraffic in Apr 2024

1 week ago

ming

Airport passengers in Apr +12% compare last year. Actual figure will only announce by quarter (next in July).

It is Hard to calculate the monthly figure now after exclude SiemReap airport.

1 week ago

ming

Favco result yesterday was so so only.. but it is ok.. it used to be weak in Q1.

Airport business used to peak in Q1 during travel season. Hopefully can show power this time.

But most important is the construction segment~ jgn drag the group again.

Any reversal impairment + shipping segment might be bonus for Muhibah

1 week ago

soon9913

QR today, stay tune!!

1 week ago

gndthx

Any thoughts on the QR? @ming @soon9913

1 week ago

lloydlim

Better than expected QR! Welldone!

1 week ago

ming

Below the figure i want..lol..
but it is highest profit since MCO.

Very hard for me to interpret the result, especially the non controlling interest part.. quite confuse. But construction segment seem like no drag the overall result this round.

Let’s put hope for the Q2:

Concession - contribution should remain similar like Q1; not travel season but mitigate by resume some routes

Construction + Crane : should record higher contribution than Q1 (cny+puasa)

1 week ago

ming

Im more interesting with the ship building/repair segment.. but Petronas Safina phase 2 seem like will only begin in Q3.

Refer SYGROUP report, their ship building/repairing business alrdy show much improvement for past 3 quarter:

1.8m >> 3.5m >> 9.6m profit

1 week ago

soon9913

significant improvement in the result ... as long as the result is improving quarter on quarter, price will be moving back to pre covid price.. 2019 price was RM2-RM3

1 week ago

soon9913

Their earning has improved significantly... Price will follow soon...
U look at other construction counters which their earning not pick up as fast as MUHIBbAH but their share price aldy rocketed to sky price...

6 days ago

lloydlim

Time to accumulate!

4 days ago

uniteen

price doesn't seem like people are accumulating. lol

3 days ago

Qwertyuiop

one of the rarest gem that is still undervalued in this bull run. share price will soon pick up further following the company's turnaround ambition, good cashflow, strong earning, good prospect.

2 days ago

snake_eye

compare with WCT, muhibbah better..but why WCT shoot up like no tomrrw..hope muhibah can trade beyong 1ringgit

2 days ago

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