Highlights
KLSE: MHB (5186)       MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.83   -0.01 (1.19%)  0.825 - 0.86  636,400
Analyze this stock with MQ Trader system

General Meeting

Hints :
[1] Click the View Entitlement icon table to view the Meeting detail page.

Click here to modify the Visible Columns.

Ann. Date Date Time Type Venue View
12-Mar-2019 11-Apr-2019 11:00 AGM Ballroom 1, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur, Malaysia. Meeting Detail
19-Mar-2018 17-Apr-2018 11:00 AGM Ballroom 1, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur, Malaysia. Meeting Detail
23-Mar-2017 19-Apr-2017 11:00 AGM Ballroom 1 Sime Darby Convention Centre 1A Jalan Bukit Kiara 1 60000 Kuala Lumpur Malaysia Meeting Detail
24-Mar-2016 18-Apr-2016 11:00 AGM Topaz Ballroom, One World Hotel Ground Floor, First Avenue Bandar Utama City Centre 47800 Petaling Jaya. Meeting Detail
24-Apr-2015 25-May-2015 11:00 AGM Topaz Ballroom, One World Hotel Ground Floor, First Avenue Bandar Utama City Centre 47800 PJ. Meeting Detail
24-Apr-2014 19-May-2014 11:00 AGM Ballroom 1, Level 1, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur Meeting Detail
15-May-2013 18-Jun-2013 11:00 AGM Ballroom 1, Level 1, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur Meeting Detail
Trade this stock with T+7 trading account. Find out more.

  4 people like this.
 
nikicheong It is within the depths of despairity that hope is born anew. - nikicheong
24/09/2018 23:49
eddy888 Keep bullet to top up at 0.61.
27/09/2018 13:38
James Ng https://klse.i3investor.com/blogs/general/176116.jsp
[转贴] [MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BHD:市场复苏持续缓慢,下半年的整体前景预计不会有太大改善,重工程部门的业绩预计将在2018年继续承受压力] - James的股票投资James Share Investing
30/09/2018 15:37
RoyGon what bring the price up. Any new project award?
03/10/2018 21:01
sapurakencana canada LNG
04/10/2018 14:47
eddy888 finally reached 60 cent. tomorrow can buy in again..
25/10/2018 20:29
Rudi Lim going down. quaterly loss 22m. no project. sapura going to sapu kaswari?
26/10/2018 10:35
followKing cash rich company also die
27/10/2018 12:51
eddy888 next target buy in is 55 cent
27/10/2018 15:28
followKing dying slowly !!!!
12/12/2018 17:03
Rowie https://www.nst.com.my/business/2018/12/442027/malaysias-og-activities-rise-next-3-years
19/12/2018 18:57
Rowie I pengsan already
19/12/2018 18:57
nikicheong I have no doubt that MMHE will be a star company in 2019....2019 will be our year!
24/12/2018 19:42
nikicheong Really, really good valuation to buy in at. I'm holding 737 lots in total. It may not seem like much but it's substantial for me!

I think MMHE will benefit from the following in 2019:

1) One major contract award from Petronas - likely Kasawari CPP.
2) Multiple small contracts from Petronas and other local players.
3) One mid-size win from a foreign country (likely a project in Australia).
4) One mid-size win from Saudi Aramco via the LTA.
5) Successful diversification into offshore wind turbine fabrication.
6) Write-back of certain impairments/bad debts made in 2018.
7) Early completion of the Bokor project - means the yard can undertake bigger projects sooner.
8) Near completion of the Dry Dock 3, which should increase revenues by ~RM300-400mil in the first full financial year of operations.

Valuations are super undemanding. There's a net cash position of some RM500mil and the market cap is a mere RM800mil. I'd be worried that MMHE might be a privatisation target for MISC/Petronas. But what would be really interesting is if MMHE can make an acquisition of their own. The market needs some excitement to re-rate the stock. Till that happens, buy...buy...and buy more of this company. Such a clean balance sheet for such a capital heavy industry....imagine the leverage impact when business returns!
24/12/2018 19:52
apolloang 737,add another 263 lah,so 1000 easier for u to count and we also can see your name in top 30 shareholders.....hehe
25/12/2018 01:05
followKing @Nikicheong top up another 263 !
26/12/2018 15:10
MoneyAndHoney MMHE gets deal with Saudi-Aramco

https://www.thestar.com.my/business/business-news/2018/12/26/mmhe-enters-long-term-offshore-agreement-with-saudi-aramco/
27/12/2018 06:04
commonsense The news on MMHE securing a 6 years frame agreement for EPC job from Petronas is actually a very good news. However, it does not mean that MMHE is confirm to get the EPC jobs from Petronas in the future. The company still have to compete with other fabricators like KKB, Muhibah, Sapura Energy etc (who also secured the frame agreement from Petronas) later in another tender between the shortlisted companies for the actual work orders. Given the strength (both in term of technical expertise and balance sheets) of all the participants, you can be sure that the margins for the future tender would most probably will still be thin. Petronas has indicated that they will continue with their cost efficiency drive even if oil price rebound back to above USD70 (now trading below USD60). Any future earnings boost from this agreement is only expected in FY20 (potential peak spending by Petronas) assuming the company managed to secure the work order contracts.

The agreement with Aramco is also similar to Petronas’s where MMHE is shortlisted as one of the potential contractors for the actual work (which still need to be tender later). Other contractors under the umbrella contracts are: McDermott International, Dynamic Industries, Saipem, Larsen & Toubro - Subsea 7 JV, National Petroleum Construction Company (UAE), Sapura Energy, Lamprell – Boksalis – Techinip consortium and China Offshore Oil Engineering.

Investors need to be patient for the company to deliver substantial earning (vis a vis to its market cap) which will only come if MMHE can actually secure substantial orders from these 2 big agreements. Until then they will most probably continue to post losses (or small profit) in the near future.

If you are looking to diversify your portfolio outside of MMHE (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
29/01/2019 07:22
Shareview123 A lot of counters are giving a good opportunity to buy with good returns within a year . This scenario is similar to the beginning of the years 1999 & 2006 .
30/01/2019 14:23
sapurakencana Shareview,can share senerio related to 1999 & 2006.Thanks. what share you brought during that period.
30/01/2019 22:44
Shareview123 I bought Renong , Mrcb , granite , TRI , BOLTON and Time Engineering in 1999.
also bought Public bank , HLIND .
IN 2006 , I bought Uemland , Terbau , Mrcb ,.
04/02/2019 12:20
Shareview123 In beginning of the year 1999 , granite below 0.30 rebounded to 2.50 , Renong below 0.40 rebounded above 3.0 , Mrcb below 0.50 rebounded to around 5.0 in year 2000 , Time Engineering from 1.0 to 7.00 , HL indah from 1.90 to around 25.00 , BOLTON below 1.0 to more than 3.50 .
04/02/2019 12:24
Shareview123 In year 2006 , Ireland from 0.50 rebounded to around 5.00 , Mrcb below 1.0 to more than 3.00
04/02/2019 12:26
Shareview123 Should be in year 2006 , UEMLAND rebounded from 0.50 to around 5.00
04/02/2019 12:27
Shareview123 Between 2006 - 2007 , Granite( Terbau ) rebounded from below 0.50 to around 2.50 again .
In 2017 Iwcity ( or Tebrau or Granite ) rebounded from below 0.80 to around 3.20 .
04/02/2019 12:31
Shareview123 I am still learning , but if you can catch 3 to 5 dark horses which can give you 3 to 5 times , or even
5 - 10 times or even more in 2-3 years , from counter A then shift to counter B , then counter C , then good enough .
In year 2017 , Iwcity , Hengyuan , Petronm and others ,.
In 2018 , after panic sell down , MYEG , 5226 and Carimin , 2 months ago and others .
04/02/2019 12:38
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
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 13:06
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 14:00
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 15:21
apolloang now already 65cts mana got 63cts? 4d open then u say ar? hehe
13/02/2019 15:39
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 18:53
Richard Lee well said collect more if it drops < 60 sen
13/02/2019 19:09
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 16:58
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 22:43
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 22:52
cutie still cheap at this price compared to other O%G counters
15/02/2019 10:01
bigman888 Hope can get RM1.00 by next month
21/02/2019 11:39
nikicheong 5 days of continued solid gains. Interesting...
21/02/2019 23:43
DollyLucky MHE upward trend coming. Do not miss the boat.
Expected to secure big Petronas contract for y19.
12/03/2019 17:44
cutie cash rich and in good hands now.
12/03/2019 20:39
DollyLucky AGM 11th April at SDCC
13/03/2019 01:25
DollyLucky Moving now grab this opportunity before it goes wild. huat ah huat ah huat ah
13/03/2019 15:03
cutie Resistance broken... Hold tight, might go up like a rocket tomorrow
13/03/2019 20:00
Ntpboon 八塊变八毛都没人要?
14/03/2019 14:54
Ntpboon The real O&G stock nobody want ?
14/03/2019 15:04
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 15:21
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 17:00
cutie calvin nowadays are very chun...very busy these days. making tons of money
14/03/2019 17:01
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 20:51


 

375  384  489  646 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.36-0.005 
 SAPNRG-WA 0.145+0.01 
 ORION 0.205+0.015 
 DESTINI 0.34+0.025 
 PUC 0.105-0.005 
 IRIS 0.15+0.01 
 APFT 0.02+0.005 
 ARMADA 0.20+0.01 
 HSI-C3V 0.125+0.02 
 DAYANG 1.62-0.09 
Partners & Brokers