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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.
  qqq668 Each time mhb reported quarterly result, the big boy will hammer down, this time the magnitude is bigger. The reason is very obvious. Result of oil n gas stocks are already anticipated by the many. It should be a non event. As share price of Mhb already dropping before result is out. Share price is highly manipulated by the big boys. When so many negative comments here, the potential of mhb will be bright. Still need a bit of time before mhb shows convincing price escalation. Many interest on MHB lately. Future looks good. Oil n gas is on recovery phase, more activities but needs more time to produce results. 28/04/2021 5:07 PM  positiontrader Posted by SEED > Apr 28, 2021 5:00 PM | Report Abuse mismanagement ! all garbage !! Fully agreed with you! MHB had secured BIG contracts, but the result is pathetic. Paid fat salary with no accountability. Sad What is MCIS and Petronas watchdog doing? 28/04/2021 5:13 PM Albukhary Really disappointed with the management. If MHB is manage by Dialog, sure the outcome will be different. 28/04/2021 5:18 PM JoshuaMS7 haha we look for future, might be better in coming qtr since so much projects are secured in this year and oil price maintain above 60usd, should getting more projects coming!! 28/04/2021 6:06 PM roslaom Take private jer MHB ni. Market cap now 800 mil. Let say public own 40%. GO double current share price let say 1 rnggit cost 320 million. Mhb got 600 million cash. Still untung 280 million. Financial kedai kopi only. 28/04/2021 6:46 PM positiontrader Posted by JoshuaMS7 > Apr 28, 2021 6:06 PM | Report Abuse haha we look for future, might be better in coming qtr since so much projects are secured in this year and oil price maintain above 60usd, should getting more projects coming!! What is the use of securing more projects when MHB still bleeding huge losses. For your info MHB secured Kasawari contract amounting to RM2.5 billion in July 2019. After almost 2 years in the project, MHB is till bleeding huge losses. Sad Top management need to answer for this losses. MISC and Petronas watchdog need to ............ 28/04/2021 6:47 PM  Kimly2 Cry mama cry papa again VenFx Walamak In Rm notes, that is $6bil of contract value eh ! 14/04/2021 5:17 PM 28/04/2021 6:49 PM bigman888 Company managed by blood suckered... Get project also not use... Better close shop 28/04/2021 7:09 PM JoshuaMS7 https://www.cnbc.com/2021/04/28/goldman-forecasts-the-biggest-jump-in-oil-demand-ever.html 29/04/2021 9:05 AM  nashvz Time to load up cheap oil counter. for me Dayang is the main one as it hardly yet to recover to pre-covid share price 29/04/2021 9:18 AM JoshuaMS7 https://www.news24.com/fin24/economy/world/bp-rebounds-into-q1-profit-on-oil-price-recovery-20210428 29/04/2021 9:55 AM qqq668 Mhb n Sapura energy suffered losses due to supply chain delay, shortage and extra cost of SOPs due to covid 19 pandemic. The quarantine cost n delay in hand over n deliveries of projects causes the loss. Higher shipping cost n material cost also impacted the bottom line. Mhb is negotiating with suppliers n subcons to mitigate this cost. Big boys are taking opportunity to whack down the share price to buy cheaper. Activities in oil n gas are gaining momentum. 29/04/2021 3:30 PM positiontrader Will it drop below 0.40? Good opportunity to top-up NOW Make sure you have additional bullets to shoot if the price drop below 0.40 Cheers :) :) :) 24/05/2021 3:29 PM pirate99 My gut feeling say it will, once KLSE turn red.. no catalyst to push further after Jerun award.. 24/05/2021 3:59 PM positiontrader If you have enough bullets, good opportunity to top up again... Make sure you have enough bullets for further top up if they press the price down further Cheers 28/05/2021 3:19 PM positiontrader Normally average down is not a good trading strategy But at this MHB current price, average down could be the best strategy This is just my humble opinion Cheers 28/05/2021 3:26 PM cikminah7777 Up, up, up!!!! MHB boleh!!! Dulu saya beli rm4.00, down to rm0.40!!! I still hold, to today Beli balik at rm0.52. Sudah pickup and hold. Hope MHB can goreng up to rm4.50 is good enof for me. Kalsu rm8.00, it is a bonos!!! 02/06/2021 1:01 PM pirate99 Waow Cikminah.. still holding tight ya.. salute you.. I recalled mhb ipo priced around RM3+, spiked to RM8+ in 2012, down all the way to 0.40c. Really need catalyst to go North. Limited people working in yard with potential work delayed ? 02/06/2021 1:18 PM cikminah7777 pirate99....actually, it was rm10.00 not rm8.00. I sold at rm10.00 and bought back at rm4.00 and rm3.50. But, it went down to rm0.40!!!!. 02/06/2021 2:07 PM scott88 Malaysian oil and gas company Petronas on Tuesday confirmed the contract award to TechnipFMC for the engineering, procurement, construction, installation, and commissioning for a subsea production system, umbilical, riser, and flowline (SURF) for its Limbayong deepwater development, offshore Malaysia. A virtual signing ceremony was held Tuesday to commemorate the award of the contract to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC. Petronas' Executive Vice President and Chief Executive Officer of Upstream Adif Zulkifli:"The Limbayong project is aligned with Petronas' three-pronged growth strategy to expand our resource base. We hope the project, which is PCSB’s first deepwater development undertaking in Malaysia, will give confidence and invite potential investors to collaborate further in maturing the country’s deepwater resources. Apart from monetization, Limbayong will be a platform to enhance our internal capabilities in preparing for the next deepwater projects not only in Sabah but also in other regions.” Limbayong is an oil and non-associated gas field located 120 kilometers offshore Sabah in water depths of between 900 and 1,200 meters. The field consists of 10 deepwater wells which tie back to the project’s Floating Production Storage and Offloading unit while the subsea system is made up of SURF. 02/06/2021 2:43 PM scott88 TechnipFMC have business partners with MHB. sure MHB also have this contract. 02/06/2021 2:50 PM sunnyguy @scott88: is this a recent news? This project is awarded on Feb 2021, right? 02/06/2021 11:08 PM scott88 @sunnyguy ,refer below link : https://www.oedigital.com/news/488061-petronas-technipfmc-sign-limbayong-surf-contract 03/06/2021 12:09 AM scott88 Tonight TechnipFMCup up 8% share price 9.71usd. Mhb will up come soon... 03/06/2021 12:11 AM scott88 As for the FPSO, World Energy Reports' May FPSO report (paywall) shows the project is in the bidding phase, with the FPSO contract expected to be awarded in Q3 2021 Petronas in Oct 2020 issued a new tender to lease an FPSO for the Limbayong field offshore Sabah Malaysia. Per WER, the FPSO is to be capable of producing 40,000 b/d oil, 90 mmcf/d gas, and injecting 75,000 b/d water -- and have storage for 600,000 bbls. Local content requirements for FPSO fabrication favor local contractors. The lease will be for 12 yrs firm + 3 + 3 + 2 yr options, WER has reported. According to WER, bids were submitted on Feb 2, 2021, with MISC, Yinson, Bumi Armada, and SIP are among the bidders. Petronas is the field operator and has 100% interest in Limbayong. Hope MISC will win mean good for MHB. 03/06/2021 12:14 AM sunnyguy @scott88: Thanks for the info. High chance MHB can get a big portion of fabrication contract from Limbayong project. 03/06/2021 11:48 AM  |
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