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Overview
Financial Highlight
HeadlinesBusiness Background Malaysia Marine and Heavy Engineering Holdings Bhd is a marine and heavy engineering solutions provider for a range of offshore and onshore facilities and vessels. The company operates through three segments. Its Heavy engineering segment is engaged in the provision of service for oil and gas engineering, construction and conversion works. The Marine segment offers repair services and dry docking of liquefied natural gas carriers. Its Other segment comprises of supporting divisions to the group operations and sludge disposal management. In addition, to marine and other services, it also renders industrial training and competency development programs.
  James Ng https://klse.i3investor.com/blogs/general/216657.jsp [转贴] [Facebook live:浅谈Malaysia marine and Heavy engineering holdings bhd (MHB)] - James的股票投资James Share Investing 24/07/2019 9:20 PM  dompeilee Could it be very good results about 2 be announced 2day since the stock is so strong in a weak mkt? 01/08/2019 9:33 AM JSoang Ooi qr result not bad.. keep improving. keep going with more projects annoucment 02/08/2019 6:36 PM satha44 Should react upwards after this....improved results..billion ringgit contract signed... A stock to watch.. 03/08/2019 12:45 AM Sharmila Rao In the span of 1 week, the price is down to .80...can someone tell me why..anything i missed? 07/08/2019 1:11 PM JSoang Ooi This stock is good to keep now , keep for another few months, sure will reach rm 1. Going to make profit in next quater, plus cash rich company plus many projects on hands. 13/08/2019 6:54 PM JSoang Ooi again it depends on whether ur an investor or a trader.. of course is holland for trader at the moment may be.. 22/08/2019 5:57 PM nikicheong HEU tenders of RM13.4bil is an ALL TIME HIGH, and this is AFTER already getting the Kasawari tender. Things looking up, up, up :) 25/10/2019 9:10 AM nikicheong https://factsetpdf.maybank-ke.com/PDF/157078_CN__6d965ff79610465798de8d644c577cf1.pdf 25/10/2019 9:27 AM value88 There is RM6.4mil forex loss in Q3 FY19. If exclude this one-off loss, MHB is actually profitable in this quarter. The core EPS without exceptional forex loss is ~0.08sen. It is not much but at least MHB turnaround in this Q3 FY19. The tender book jumped 4.3x if compared to last quarter. The higher tendering reflect improving O&G activities, and higher tender book also gives higher opportunity to win more contracts for future income stream. 28/10/2019 9:22 PM  positiontrader My humble opinion: With reference to technical and fundamental, MHB is till in uptrend mode. Hold onto your MHB shares. You should be rewarded by year end. :) 13/11/2019 11:08 PM nikicheong Bekok Oil EPCIC Contract from PETRONAS Carigali Sdn Bhd Malaysia Marine and Heavy Engineering Holdings Berhad (MHB or Group) is pleased to announce that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has secured a contract from PETRONAS Carigali Sdn Bhd (PCSB) to undertake the Provision of Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) for the Bekok Oil Project. The works include the supply and installation of new BEDP-A and BEDP-B Wellhead Platforms which consist of topsides, substructures and bridges linking each of the topside to the existing Bekok-A and Bekok-B platforms respectively. The targeted project duration for the fabrication works to be completed is 9 months from the award until Ready-for-Rig stage. Upon completion of fabrication works, the platforms will be installed at PM9 Field, located in southeastern of Malay Basin, Peninsular Malaysia, approximately 260 kilometres from Terengganu Crude Oil Terminal. EPCC Contract for Bergading MRU module from HESS MMHE has also recently secured a contract for Bergading Central Processing PlatformMercury Removal Unit (CPP-MRU) Integration Project from Hess Exploration and Production Malaysia B.V. It covers engineering, procurement, construction and commissioning (EPCC) works for Bergading MRU module. Upon completion the module will be installed and integrated to the existing Bergading CPP, North Malay Basin. Wan Mashitah Wan Abdullah Sani, Managing Director and Chief Executive Officer of MHB, commented, “These new contracts signify continued trust of our clients in our capability in providing innovative solutions with the highest standard of safety, quality, time and cost. Our focus remains to ensure efficiency and effectiveness in the execution of project deliverables as per targets set”. 02/12/2019 2:02 PM  bugle Bad news for EATECH, but good news for MHB. Last call for price below 90 and should have no more after that. 05/12/2019 7:42 PM slts no syndicate play, cash rich ong petronas' subsidiary Co. looking at previous improving QR q4 will turn profitable just collect 10/12/2019 10:06 AM Super_SKL Black horse of 2020!!! The harder it's pressed, the higher it would jump! 13/12/2019 3:57 PM Super_SKL Very soon! Hopefully good news will be released on 18th or 19th next week. You don't have to ask me what or why, go to read bursa announcement then. 13/12/2019 4:09 PM slts with cash 40sen / share n nta 1.47 misc should take it private since its so thinly traded n not reflective of its value 14/12/2019 9:04 AM slts https://www.theedgemarkets.com/article/fabricators-biggest-winners-petronas-activity-outlook-20202022-says-kenanga-ib 16/12/2019 1:29 PM  LingLing8 Ok, read the related news and announcement from Bursa that the hearing of payment claim has been adjourned to 18 December 2019. Of all the positive factors we know as of now, it should be doing well in 2020. And hopefully its share price would jump then. 16/12/2019 3:18 PM positiontrader MATERIAL LITIGATION E.A TECHNIQUE (M) BERHAD ADJUDICATION DECISION DATED 4 DECEMBER 2019 IN RESPECT OF ADJUDICATION REFERENCE NO.: ADJ-2638-2019 BETWEEN MALAYSIA MARINE HEAVY ENGINEERING SDN BHD AND E. A. TECHNIQUE (M) BERHAD Amended Announcements Please refer to the earlier announcement reference number: GA1-05122019-00046 E.A.TECHNIQUE (M) BERHAD Type Announcement Subject MATERIAL LITIGATION Description E.A TECHNIQUE (M) BERHAD ADJUDICATION DECISION DATED 4 DECEMBER 2019 IN RESPECT OF ADJUDICATION REFERENCE NO.: ADJ-2638-2019 BETWEEN MALAYSIA MARINE HEAVY ENGINEERING SDN BHD AND E. A. TECHNIQUE (M) BERHAD 1. INTRODUCTION E.A. Technique (M) Berhad (“Company”) refers to the announcement dated 11 June 2019 made by the Company in respect of the receipt of a Payment Claim by Malaysia Marine Heavy Engineering Sdn Bhd (“MMHE”) pursuant to Section 5 of the Construction Industry Payment and Adjudication Act 2012 (“CIPAA”). The Board of Directors of the Company wishes to announce that on 4 December 2019, Mr Kamraj Nayagam (“Adjudicator”), had delivered its Adjudication Decision dated 4 December 2019 (“Adjudication Decision”) in the Adjudication Reference No.: ADJ-2638-2019 between MMHE and the Company. 2. BACKGROUND INFORMATION On 29 May 2019, the Company received a Payment Claim dated 29 May 2019 pursuant to Section 5 of the CIPAA from MMHE’s solicitors, Messrs. Mohanadass Partnership for a total amount of US$6,096,791.91. The Company then served on MMHE a Payment Response dated 14 June 2019 disputing MMHE’s claim. MMHE filed the Adjudication Claim on 4 September 2019, to the Company claiming for a sum of US$6,096,791.91, the sum relates to allegedly unpaid invoices for additional works carried out pursuant to the ‘Demolition, Refurbishment and Conversion of M.T. Nautica Bergading (ex-SARK) into a Floating, Storage and Offloading (FSO) Facility for Full Field Development (FFD) Project, North Malay Basin (NMB)’ (the “Contract”). The Company filed the Adjudication Response on 20 September 2019. On 26 September 2019, MMHE filed its Adjudication Reply. 3. ADJUDICATION DECISION On 4 December 2019, the Adjudicator delivered its Adjudication Decision. In the Adjudication Decision, the Adjudicator ordered the following:- a) the Company shall pay the sum of US$6,066,995.71 including 6% of GST to MMHE (“Adjudication Sum”); b) The Adjudication Sum shall be paid by the Company on or before 3 January 2020; c) the Company shall pay interest at the rate of 5% per annum on the Adjudication Sum from the date of Adjudication Decision (4 December 2019) until the full and final settlement of the Adjudication Sum; d) the Company shall bear the costs of adjudication which includes the following:- i. RM150,000.00 being the cost to be paid to MMHE; ii. RM54,555.69 being the reimbursement of sums paid to the AIAC by MMHE. 4. THE BUSINESS, FINANCIAL AND OPERATION IMPACTS OF THE CIPAA PAYMENT CLAIM AND THE STEPS TAKEN The CIPAA Payment Claim is not expected to have any potential business or operational impact on the Company. At this juncture, the Company has not made any provision in the accounts as the Company is seeking advice and consultation from its solicitor to contest the matter. However, the CIPAA Payment Claim is expected to have a financial impact of approximately RM25.50 million (excluding interest) to the Company by reducing its future profit and cashflow position. The Company is in the midst of reviewing the Adjudication Decision and may proceed to file an application to set aside and/or to stay the Adjudication Decision. Further announcement will be made in respect of any material development thereof. This announcement is dated 6 December 2019. 16/12/2019 4:10 PM Super_SKL Should have news come out today. So far no news. Good news coming soon? 19/12/2019 4:10 PM Eagle_T A busy 2020 for offshore contractors ! https://www.rigzone.com/news/offshore_contractors_primed_for_a_busy_2020-08-jan-2020-160739-article/ 09/01/2020 1:31 PM  |
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