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KLSE: MHB       MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.745 0.71     -0.035 (4.70%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
29/04/2019 0.785 0.73 -0.055 (7.01%) HOLD MIDF Price Target News
29/04/2019 0.785 0.75 -0.035 (4.46%) HOLD HLG Price Target News
11/04/2019 0.85 0.77 -0.08 (9.41%) HOLD HLG Price Target News
14/02/2019 0.645 0.71 +0.065 (10.08%) HOLD KENANGA Price Target News
14/02/2019 0.645 0.83 +0.185 (28.68%) BUY BIMB Price Target News
13/02/2019 0.66 0.61 -0.05 (7.58%) HOLD HLG Price Target News
09/01/2019 0.64 0.55 -0.09 (14.06%) HOLD HLG Price Target News
27/12/2018 0.58 0.83 +0.25 (43.10%) BUY BIMB Price Target News


Price Target Research Article/News (past 6 months)
29/04/2019  MIDF Malaysia Marine & Heavy Engineering - Compressed Profit Margins a Drag on Earnings
29/04/2019  HLG Malaysia Marine and Heavy Engineering Holdings - Higher Overheads Seen in 1Q19
11/04/2019  HLG Malaysia Marine and Heavy Engineering Holdings - Bags 5-year Plant Maintenance Contract
14/02/2019  KENANGA MMHE Holdings Berhad - FY18 Plunges Into Losses
14/02/2019  BIMB MMHE - Recovery remain intact
13/02/2019  HLG Malaysia Marine and Heavy Engineering Holdings - Perhaps a Better 2019?
09/01/2019  HLG Malaysia Marine and Heavy Engineering Holdings - Bagged Petronas’ 6-year Frame Agreement - HLIB
27/12/2018  BIMB Malaysoa Marine Heavy Eng - Time to Revisit



  4 people like this.
 
Shareview123 Due to more and more stringent rules and regulations , the price volatility in Bursa become weaker and weaker . Those days are unlikely to be seen .
04/02/2019 12:55 PM
Shareview123 In year 2009 , Uems ( or UEMLAND ) rebounded from 0.50 to more than more than 2.50 in year 2011 then shot up to more than 3.50 in year 2013 . UNISEM also from around 0.50 to more than 2.50 .
04/02/2019 1:06 PM
Eagle_T MHB slips into the red in FY18, fourth consecutive loss-making quarter...
http://www.theedgemarkets.com/article/mhb-slips-red-fy18-fourth-consecutive-lossmaking-quarter
13/02/2019 2:00 PM
nikicheong Very bad result but the positives are that there are no impairments. My worry is if they can't find enough marine business for their Dry Dock 1 (reserved to MISC) and Dry Dock 2...then why the flying F are they "wasting" RM500mil constructing a Dry Dock 3???

I think the heavy engineering has bottomed out, but really the marine business (which was previously dependable) is worrying me. Revenue of <RM50mil for Q4 from this segment is the LOWEST EVER! And this despite O&G activities recovering somewhat in 2018.
13/02/2019 3:21 PM
apolloang now already 65cts mana got 63cts? 4d open then u say ar? hehe
13/02/2019 3:39 PM
nikicheong Well, interesting. Gap down at mid-day open, but managed to recover and close higher by the end of the day. I think the bigger fund managers understand that the worst is over. However, now the stock really could go anywhere - collect more if it drops < 60 sen, but at the same time funds may buy heavily at this rather cheap valuation in anticipation of strong profitability over the next 12 - 24 months.
13/02/2019 6:53 PM
Richard Lee well said collect more if it drops < 60 sen
13/02/2019 7:09 PM
BillyK when petronas is their parent co, still can incur losses
no hope lar
are they over staff, big fat pay cheques and inefficient?
14/02/2019 4:58 PM
nikicheong Maybank's research report is the only one that highlighted MMHE actually posted a core net profit in Q4 2018. You can see there was a net RM24mil in impairment on receivables, and RM4mil writedown in PPE in Q4 2018.

So maybe it wasn't as bad as it seems, plus if they can recover the receivables (which I believe relate to the EA Technique FSO) then there can be some nice little write back this year.
14/02/2019 10:43 PM
cutie this company is also cash rich...37 sen cash per share. Analysts said it will rerate if it wins a contract. Most of the oil companies have a lot of debts .
14/02/2019 10:52 PM
cutie still cheap at this price compared to other O%G counters
15/02/2019 10:01 AM
bigman888 Hope can get RM1.00 by next month
21/02/2019 11:39 AM
nikicheong 5 days of continued solid gains. Interesting...
21/02/2019 11:43 PM
DollyLucky MHE upward trend coming. Do not miss the boat.
Expected to secure big Petronas contract for y19.
12/03/2019 5:44 PM
cutie cash rich and in good hands now.
12/03/2019 8:39 PM
DollyLucky AGM 11th April at SDCC
13/03/2019 1:25 AM
DollyLucky Moving now grab this opportunity before it goes wild. huat ah huat ah huat ah
13/03/2019 3:03 PM
cutie Resistance broken... Hold tight, might go up like a rocket tomorrow
13/03/2019 8:00 PM
Ntpboon 八塊变八毛都没人要?
14/03/2019 2:54 PM
Ntpboon The real O&G stock nobody want ?
14/03/2019 3:04 PM
calvintaneng Hi guys

Calvin want and bought some

See

BUY DESTINI (7212) The Fast, Furious & Frenzied Or BUY MHB (5186) Malaysia Heavy Engineering Slow, Stable & Steady, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/197843.jsp
14/03/2019 3:21 PM
bonbon Oh my goodness! Calvin, you seem to appear everywhere on i3investor. Almost every stocks I bought I saw your post there
14/03/2019 5:00 PM
cutie calvin nowadays are very chun...very busy these days. making tons of money
14/03/2019 5:01 PM
calvintaneng Posted by TECHfullyBREWED > Mar 18, 2019 08:00 PM | Report Abuse

According to Petronas Activity Outlook 2019-2021, Petronas will be targeting the decommissioning of 50 wells in 2019, 40 in 2020 and 60 in 2021.

Plenty of activity for Destiny, one of the leading players in decommissioning.

CORRECT WAY OF INVESTIGATION! THUMBS UP

TO UNDERSTAND THE JOBS THAT WILL BE AVAILABLE ALL MUST GO SEE PETRONAS 3 YEARS MASTER PLAN

WHAT JOBS ARE AVAILABLE

WHO ARE THE EXPERTS IN THEIR RESPECTIVE FIELDS

WHO GOT THE CORRECT EQUIPMENTS
Calvin already found out an increase of HWUs usage. Also Petronas hinted increase of Oil Rigs by 10 to 14 more in year 2019
All this very good for Velesto

AND BIG HEAVY JOBS WILL GO TO MHB (Malaysia Marine & Heavy enginering)

Also SMEs Supporting OGSE for example is T7 Global
18/03/2019 8:51 PM
malayantiger16888 Regarding: https://www.thestar.com.my/business/business-news/2019/03/18/kpoc-files-rm125m-claim-against-mmhe/#OH1sGSccs8ZfT2Kp.99?

What was the actual details of the breach ? Not meeting specifications and performance , failed , damaged , quality issues ?

quote-
However, KPOC, in its notice of arbitration, claimed MMHE Sdn Bhd was and is in breach of the contracts due to the supply of certain valves
-unquote
19/03/2019 3:16 AM
malayantiger16888 Regarding : https://www.thestar.com.my/business/business-news/2017/06/02/shell-makes-counterclaim-worth-over-rm4bil-against-misc-unit/

What is the details of the below statement ?
(layman understanding , does it mean like a new house, owner found cracks , seller don't want to repair , buyer repair on its own and claim it ?)

quote-
Meanwhile, Sabah Shell is counterclaiming against GKL for alleged defective work, alleged limited functionality of the Gumusut–Kakap semi-FPS, liquidated damages and a refund of the full amount paid to GKL under the adjudication decision.
-unquote
19/03/2019 3:20 AM
cutie 125 million even if claimed, still not a problem coz mhb cash rich. This case will take a long long time in court, By the time , everything have already change for the better
19/03/2019 10:17 AM
DollyLucky Absolutely true and even then mhb can win case as well. Meantime within a year or more mhb will flourish with the rise in Petronas capex for upstream jobs.
19/03/2019 6:47 PM
sapurakencana Forward fr the Star 12.2.2019
PETALING JAYA: MISC Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd ’s (MMHE) are frontrunners for two major contracts from Petronas Carigali’s Limbayong oil and gas field development off Sabah, says AmInvestment Bank Research.

Given the local content requirement for the contracts, the research house said it expected MISC to secure the floating production, storage and offloading (FPSO) vessel charter job, while its 66.5%-owned fabrication provider MMHE was likely to win the engineering, procurement, construction, installation and commissioning (EPCIC) contract.

“For MISC, the earnings impact is likely to be minimal given the group’s huge asset base while the conversion job for MMHE could have a more substantive impact to its depleted order book of RM932mil currently,” it said in its oil and gas sector report.

It was reported recently that local players, including MISC and Yinson Holdings Bhd, were preparing to bid for a FPSO vessel charter for the oil and gas field development, with technical and commercial offers likely to be submitted next month.


AmInvestment Bank Research noted that international FPSO operators such as Modec and SBM Offshore were not expected to bid for contracts, despite having received tenders for the project last year, due to strict local content standards.

The standards include having to carry out the module fabrication and engineering work in Malaysia, with a requirement for up to 90% local manpower.

It said Sapura Energy, MMHE, Kuching-headquartered Brooke Dockyard, Klang-based Muhibbah Marine Engineering and KKB Engineering’s OceanMight were expected to bid for the EPCIC contract.

“However, foreign yards may also be planning to tie up with a local player,” it noted.

The Limbayong tender opened in November last year on a fast-track procurement, with fabrication workto be carried out over 26 months after the award.

Moving forward, the research house said it does not expect any substantive changes to Petronas’ field development activities as Brent crude oil prices were still above its 2018 internal crude oil assumption of US$52/barrel for project feasibility studies.

TAGS / KEYWORDS:
Oil & Gas , Corporate News , Oil And Gas
20/03/2019 2:34 AM
cutie last minute push up
20/03/2019 5:00 PM
nikicheong So crazy, why the push at close? Hate it when this happens, cause tomorrow it will definitely open lower at 0.82 levels. It's not even the end of month / quarter / year, so window dressing is not the answer. Almost 1 million shares changed hands in the last 30 mins. I wonder if someone just decided to push a buy order without any care for the price, or if there's some news about to come out. Doubt there'd be any news...but lets see.
20/03/2019 5:29 PM
cutie 2 days ago, bad news...
20/03/2019 6:17 PM
DollyLucky When all the ong counters are moving strange mhb still sleeping. Wake up when market is hot.
03/04/2019 6:30 PM
Solomon7 @dollylucky, the orderbook need to go up.
03/04/2019 10:37 PM
nikicheong Another 383 lots @ RM0.80 today. Now holding 1,120 lots.

Very concentrated and risky, but I'm fairly confident that there's ample margin of safety and the returns should be phenomenal!
08/04/2019 5:28 PM
nikicheong Plant maintenance contract! Now to know how much revenue this could possibly bring in...

http://mhb.com.my/wp-content/uploads/2019/04/MHB-PRESS-RELEASE-Project-Award.pdf?fbclid=IwAR0e141ari3ushQa7jTyxAJaec3JxjPr1f3t9Whud54OqngmvCC9xcuaeSc
10/04/2019 8:25 PM
DollyLucky How much per yr value for plant maintenance contract? RM250,000,000.00 annually ? For 5 yrs 1.25billion ringgit?
10/04/2019 9:30 PM
cutie but mhb kenal sued for 120 million , how? I dare not touch this counter
10/04/2019 9:40 PM
nikicheong I would expect nothing less than RM200mil.

"The agreement is valid for a period of 5 years with option to extend by PETRONAS. The contract covers integrated plant turnaround works and daily maintenance work on mechanical static for PETRONAS’ plants group wide."

Also, it seems to be this is for all Petronas plants group wide, as quoted above. So if that is really the case, may be even higher than RM200mil/year.

Don't forget though this is a JV. So MMHE (assuming has a 50% share) will get roughly half the revenue/profits.

My estimate on the low-end is RM200mil/yr, on the higher end perhaps even up to RM400mil/yr. Let's see what it actually is tomorrow in the research reports as hard to find info about this online.

Tomorrow is the annual general meeting as well, so let's see if there's any new news that comes out of there.
10/04/2019 9:45 PM
calvintaneng MHB (5186) Malaysia Marine & Heavy Engineering (RARE CASH RICH OIL & GAS STOCK) Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/201836.jsp
10/04/2019 9:48 PM
bigman888 Why people saying MHB is cash rich company? Meanwhile, this company almost making loses each quarter for the past few years? Dun it smelly?
Actually the cash in hand is long term debt created from RM1b sukuk and MISC (or Petronas) is MHB's guarantor.....
11/04/2019 8:42 AM
nikicheong Anyone go to the AGM? Any news to share?
11/04/2019 4:13 PM
nikicheong Another 120 lots today. All in 1,240 lots now. It's good things are taking a bit longer to turn around...can buy at depressed prices for a longer time!
06/05/2019 4:41 PM
thomas_dennis big news coming soon.
24/06/2019 5:30 PM
DollyLucky Positive news? Can rise in the morning?
24/06/2019 7:27 PM
thomas_dennis 765, still limit up
25/06/2019 9:40 AM
oily gassy Rumours in the market that they will get the Kasawari project from Petronas soon. A big project and will take more than 3 years to complete.
25/06/2019 10:22 AM
DollyLucky Not rumour mhb has been working very hard to win this job few years ago. Petronas should be issuing the loa to them anytime now. Sure rise high high.
25/06/2019 10:42 AM
DollyLucky Short term TP 1.50
25/06/2019 10:47 AM
thomas_dennis 3rd time profiting from tis counter wakakaka, not selling until tp 95-1myr...
25/06/2019 10:51 AM


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