Highlights
KLSE: MHB (5186)       MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.81   +0.02 (2.53%)  0.80 - 0.835  249,100
Analyze this stock with MQ Trader system

Financials


Market Cap: 1,296 Million

Market Cap 1,296 Million
NOSH 1,600 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 20-Mar-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 20-Mar-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Dec-2019 [#4]

Latest Quarter: 31-Dec-2019 [#4]
Announcement Date 12-Feb-2020
Next Quarter: 31-Mar-2020
Est. Ann. Date: 26-Apr-2020
Est. Ann. Due Date: 30-May-2020
QoQ | YoY   299.03%  |    136.79%

Annual (Unaudited) ( EPS: -2.10, P/E: -37.87 )

Revenue | NP to SH 1,009,541  |  -34,224
RPS | P/RPS 63.10 Cent  |  1.28
EPS | P/E | EY -2.10 Cent  |  -37.87  |  -2.64%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.48  |  0.55
YoY   72.11%
NP Margin | ROE -3.39%  |  -1.44%
F.Y. | Ann. Date 31-Dec-2019  |  12-Feb-2020

T4Q Result ( EPS: -2.14, P/E: -37.87 )

Revenue | NP to SH 1,009,541  |  -34,224
RPS | P/RPS 63.10 Cent  |  1.28
EPS | P/E | EY -2.14 Cent  |  -37.87  |  -2.64%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.48  |  0.55
QoQ | YoY   50.20%  |    72.11%
NP Margin | ROE -3.39%  |  -1.44%
F.Y. | Ann. Date 31-Dec-2019  |  12-Feb-2020

Annualized Result ( EPS: -2.10, P/E: -37.87 )

Revenue | NP to SH 1,009,541  |  -34,224
RPS | P/RPS 63.10 Cent  |  1.28
EPS | P/E | EY -2.10 Cent  |  -37.87  |  -2.64%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   40.99%  |    72.11%
NP Margin | ROE -3.39%  |  -1.44%
F.Y. | Ann. Date 31-Dec-2019  |  12-Feb-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 12-Feb-2020 31-Dec-2019 4 275,637 2,986 9,431 9,277 - 2,372,319 - % 3.42% 0.39% 1,600,000 17.23 17.23 0.60 0.60 0.00 0.00 1.4827 1.48   299.03%   136.79% 31-Dec-2019 0.87 5.05 150.05 0.59 0.67% 0.00% 12-Feb-2020 0.82 4.76 141.43 0.55 0.71% 0.00%
31-Dec-2019 24-Oct-2019 30-Sep-2019 3 254,345 -4,456 -4,728 -4,661 - 2,364,640 - % -1.86% -0.20% 1,600,000 15.90 15.90 -0.29 -0.29 0.00 0.00 1.4779 1.48   50.81%   79.48% 30-Sep-2019 0.81 5.10 -278.05 0.55 -0.36% 0.00% 24-Oct-2019 0.915 5.76 -314.10 0.62 -0.32% 0.00%
31-Dec-2019 02-Aug-2019 30-Jun-2019 2 276,449 -8,788 -9,162 -9,475 - 2,367,679 - % -3.31% -0.40% 1,600,000 17.28 17.28 -0.59 -0.59 0.00 0.00 1.4798 1.48   67.73%   80.85% 28-Jun-2019 0.75 4.34 -126.65 0.51 -0.79% 0.00% 02-Aug-2019 0.855 4.95 -144.38 0.58 -0.69% 0.00%
31-Dec-2019 26-Apr-2019 31-Mar-2019 1 203,110 -29,505 -29,760 -29,365 - 2,376,959 - % -14.65% -1.24% 1,600,000 12.69 12.69 -1.84 -1.84 0.00 0.00 1.4856 1.49   -16.44%   -16.19% 29-Mar-2019 0.81 6.38 -44.13 0.55 -2.27% 0.00% 26-Apr-2019 0.795 6.26 -43.32 0.54 -2.31% 0.00%
31-Dec-2018 22-Feb-2019 31-Dec-2018 4 273,238 -26,303 -25,830 -25,219 - 2,407,040 - % -9.45% -1.05% 1,600,000 17.08 17.08 -1.60 -1.60 0.00 0.00 1.5044 1.50   -11.01%   -152.39% 31-Dec-2018 0.545 3.19 -34.58 0.36 -2.89% 0.00% 22-Feb-2019 0.755 4.42 -47.90 0.50 -2.09% 0.00%
31-Dec-2018 25-Oct-2018 30-Sep-2018 3 289,802 -22,738 -22,851 -22,718 - 2,434,239 - % -7.89% -0.93% 1,600,000 18.11 18.11 -1.42 -1.42 0.00 0.00 1.5214 1.52   54.09%   -238.45% 28-Sep-2018 0.625 3.45 -44.02 0.41 -2.27% 0.00% 25-Oct-2018 0.60 3.31 -42.26 0.39 -2.37% 0.00%
31-Dec-2018 01-Aug-2018 30-Jun-2018 2 223,039 -49,701 -49,806 -49,481 - 2,456,959 - % -22.33% -2.01% 1,600,000 13.94 13.94 -3.09 -3.09 0.00 0.00 1.5356 1.54   -95.79%   -261.15% 29-Jun-2018 0.66 4.73 -21.34 0.43 -4.69% 0.00% 01-Aug-2018 0.795 5.70 -25.71 0.52 -3.89% 0.00%
31-Dec-2018 04-May-2018 31-Mar-2018 1 188,275 -25,366 -25,676 -25,273 - 2,506,399 - % -13.64% -1.01% 1,600,000 11.77 11.77 -1.60 -1.60 0.00 0.00 1.5665 1.57   -152.51%   -52.17% 30-Mar-2018 0.745 6.33 -47.16 0.48 -2.12% 0.00% 04-May-2018 0.81 6.88 -51.28 0.52 -1.95% 0.00%
31-Dec-2017 07-Feb-2018 31-Dec-2017 4 247,954 26,297 47,151 48,133 479 2,576,479 1.00% 19.02% 1.87% 1,600,000 15.50 15.50 3.00 3.00 0.03 0.03 1.6103 1.61   193.33%   140.22% 29-Dec-2017 0.825 5.32 27.42 0.51 3.65% 0.04% 07-Feb-2018 0.82 5.29 27.26 0.51 3.67% 0.04%
31-Dec-2017 31-Oct-2017 30-Sep-2017 3 215,350 15,789 16,219 16,409 - 2,528,800 - % 7.53% 0.65% 1,600,000 13.46 13.46 1.00 1.00 0.00 0.00 1.5805 1.58   219.76%   461.99% 29-Sep-2017 0.755 5.61 73.62 0.48 1.36% 0.00% 31-Oct-2017 0.82 6.09 79.96 0.52 1.25% 0.00%
31-Dec-2017 29-Sep-2017 30-Jun-2017 2 257,266 -13,447 -14,280 -13,701 - 2,515,519 - % -5.55% -0.54% 1,600,000 16.08 16.08 -0.90 -0.90 0.00 0.00 1.5722 1.57   17.50%   -435.40% 30-Jun-2017 0.805 5.01 -94.01 0.51 -1.06% 0.00% 29-Sep-2017 0.755 4.70 -88.17 0.48 -1.13% 0.00%
31-Dec-2017 27-Apr-2017 31-Mar-2017 1 235,844 -17,621 -16,645 -16,608 - 2,531,040 - % -7.06% -0.66% 1,600,000 14.74 14.74 -1.00 -1.00 0.00 0.00 1.5819 1.58   86.12%   -119.22% 31-Mar-2017 0.96 6.51 -92.49 0.61 -1.08% 0.00% 27-Apr-2017 1.00 6.78 -96.34 0.63 -1.04% 0.00%
31-Dec-2016 07-Feb-2017 31-Dec-2016 4 303,642 -126,638 -120,002 -119,672 - 2,558,559 - % -39.52% -4.68% 1,600,000 18.98 18.98 -7.50 -7.50 0.00 0.00 1.5991 1.60   -2,540.02%   -341.07% 30-Dec-2016 0.915 4.82 -12.23 0.57 -8.17% 0.00% 07-Feb-2017 1.01 5.32 -13.50 0.63 -7.41% 0.00%
31-Dec-2016 27-Oct-2016 30-Sep-2016 3 333,494 -2,232 -4,077 -4,533 - 2,683,679 - % -1.22% -0.17% 1,600,000 20.84 20.84 -0.30 -0.30 0.00 0.00 1.6773 1.68   -77.14%   -126.72% 30-Sep-2016 1.01 4.85 -356.50 0.60 -0.28% 0.00% 27-Oct-2016 1.02 4.89 -360.03 0.61 -0.28% 0.00%
31-Dec-2016 02-Aug-2016 30-Jun-2016 2 297,442 -821 -2,521 -2,559 - 2,668,639 - % -0.85% -0.10% 1,600,000 18.59 18.59 -0.20 -0.20 0.00 0.00 1.6679 1.67   66.22%   -114.20% 30-Jun-2016 1.13 6.08 -706.53 0.68 -0.14% 0.00% 02-Aug-2016 0.98 5.27 -612.74 0.59 -0.16% 0.00%
31-Dec-2016 27-Apr-2016 31-Mar-2016 1 256,720 -5,341 -7,963 -7,576 - 2,673,920 - % -3.10% -0.28% 1,600,000 16.05 16.05 -0.50 -0.50 0.00 0.00 1.6712 1.67   72.08%   -121.03% 31-Mar-2016 1.05 6.54 -221.75 0.63 -0.45% 0.00% 27-Apr-2016 1.25 7.79 -263.99 0.75 -0.38% 0.00%
31-Dec-2015 03-Feb-2016 31-Dec-2015 4 721,140 -49,831 -26,319 -27,132 - 2,683,359 - % -3.65% -1.01% 1,600,000 45.07 45.07 -1.70 -1.70 0.00 0.00 1.6771 1.68   -259.93%   -264.62% 31-Dec-2015 1.00 2.22 -58.97 0.60 -1.70% 0.00% 03-Feb-2016 0.92 2.04 -54.25 0.55 -1.84% 0.00%
31-Dec-2015 03-Nov-2015 30-Sep-2015 3 436,254 19,758 16,672 16,965 - 2,704,640 - % 3.82% 0.63% 1,600,000 27.27 27.27 1.10 1.10 0.00 0.00 1.6904 1.69   -5.89%   -56.60% 30-Sep-2015 1.04 3.81 98.08 0.62 1.02% 0.00% 03-Nov-2015 1.10 4.03 103.74 0.65 0.96% 0.00%
31-Dec-2015 28-Jul-2015 30-Jun-2015 2 582,143 17,572 18,195 18,026 - 2,689,119 - % 3.13% 0.67% 1,600,000 36.38 36.38 1.10 1.10 0.00 0.00 1.6807 1.68   -49.97%   -54.63% 30-Jun-2015 1.21 3.33 107.40 0.72 0.93% 0.00% 28-Jul-2015 1.18 3.24 104.74 0.70 0.95% 0.00%
31-Dec-2015 27-Apr-2015 31-Mar-2015 1 719,496 35,002 35,898 36,028 - 2,671,360 - % 4.99% 1.35% 1,600,000 44.97 44.97 2.30 2.30 0.00 0.00 1.6696 1.67   118.59%   4.03% 31-Mar-2015 1.21 2.69 53.74 0.72 1.86% 0.00% 27-Apr-2015 1.24 2.76 55.07 0.74 1.82% 0.00%
31-Dec-2014 05-Feb-2015 31-Dec-2014 4 508,343 39,263 16,945 16,482 - 2,636,160 - % 3.33% 0.63% 1,600,000 31.77 31.77 1.00 1.00 0.00 0.00 1.6476 1.65   -57.83%   -83.85% 31-Dec-2014 1.78 5.60 172.79 1.08 0.58% 0.00% 05-Feb-2015 1.53 4.82 148.53 0.93 0.67% 0.00%
31-Dec-2014 05-Nov-2014 30-Sep-2014 3 539,788 20,068 39,108 39,086 - 2,619,840 - % 7.25% 1.49% 1,600,000 33.74 33.74 2.40 2.40 0.00 0.00 1.6374 1.64   -1.62%   7.28% 30-Sep-2014 3.00 8.89 122.81 1.83 0.81% 0.00% 05-Nov-2014 2.20 6.52 90.06 1.34 1.11% 0.00%
31-Dec-2014 05-Aug-2014 30-Jun-2014 2 980,916 25,695 40,023 39,731 - 2,581,439 - % 4.08% 1.54% 1,600,000 61.31 61.31 2.50 2.50 0.00 0.00 1.6134 1.61   14.73%   -16.45% 30-Jun-2014 3.72 6.07 149.81 2.31 0.67% 0.00% 05-Aug-2014 3.50 5.71 140.95 2.17 0.71% 0.00%
31-Dec-2014 07-May-2014 31-Mar-2014 1 671,458 34,087 34,545 34,631 - 2,623,040 - % 5.14% 1.32% 1,600,000 41.97 41.97 2.20 2.20 0.00 0.00 1.6394 1.64   -66.06%   -31.55% 31-Mar-2014 3.76 8.96 173.72 2.29 0.58% 0.00% 07-May-2014 3.94 9.39 182.03 2.40 0.55% 0.00%
31-Dec-2013 11-Feb-2014 31-Dec-2013 4 726,306 47,046 102,146 102,030 80,000 2,586,400 78.41% 14.06% 3.94% 1,600,000 45.39 45.39 6.40 6.40 5.00 5.00 1.6165 1.62   180.04%   1.66% 31-Dec-2013 3.50 7.71 54.89 2.17 1.82% 1.43% 11-Feb-2014 3.68 8.11 57.71 2.28 1.73% 1.36%
31-Dec-2013 22-Oct-2013 30-Sep-2013 3 449,666 41,116 36,658 36,434 - 2,487,360 - % 8.15% 1.46% 1,600,000 28.10 28.10 2.30 2.30 0.00 0.00 1.5546 1.55   -23.38%   352.09% 30-Sep-2013 3.90 13.88 171.27 2.51 0.58% 0.00% 22-Oct-2013 3.87 13.77 169.95 2.49 0.59% 0.00%
31-Dec-2013 14-Aug-2013 30-Jun-2013 2 786,720 52,655 47,889 47,552 - 2,609,440 - % 6.09% 1.82% 1,600,000 49.17 49.17 3.00 3.00 0.00 0.00 1.6309 1.63   -6.01%   -14.04% 28-Jun-2013 3.44 7.00 115.75 2.11 0.86% 0.00% 14-Aug-2013 4.18 8.50 140.65 2.56 0.71% 0.00%
31-Dec-2013 21-May-2013 31-Mar-2013 1 921,826 56,754 50,630 50,595 - 2,558,399 - % 5.49% 1.98% 1,600,000 57.61 57.61 3.20 3.20 0.00 0.00 1.5990 1.60   0.00%   -35.36% 29-Mar-2013 3.77 6.54 119.22 2.36 0.84% 0.00% 21-May-2013 3.69 6.40 116.69 2.31 0.86% 0.00%
31-Dec-2013 30-Mar-2013 1 921,826 56,754 50,630 50,595 - - - % 5.49% - % 1,600,000 57.61 57.61 3.20 3.20 0.00 0.00 - -   -49.59%   -35.36% 29-Mar-2013 3.77 6.54 119.22 0.00 0.84% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 21-Feb-2013 31-Dec-2012 4 857,011 60,192 101,196 100,361 160,000 2,510,880 159.42% 11.81% 4.00% 1,600,000 53.56 53.56 6.30 6.30 10.00 10.00 1.5693 1.57   1,145.33%   116.51% 31-Dec-2012 4.40 8.21 70.15 2.80 1.43% 2.27% 21-Feb-2013 4.08 7.62 65.05 2.60 1.54% 2.45%
31-Dec-2012 20-Nov-2012 30-Sep-2012 3 841,783 10,245 8,393 8,059 - 2,410,239 - % 1.00% 0.33% 1,600,000 52.61 52.61 0.50 0.50 0.00 0.00 1.5064 1.51   -85.43%   -89.95% 28-Sep-2012 4.76 9.05 945.03 3.16 0.11% 0.00% 20-Nov-2012 4.82 9.16 956.94 3.20 0.10% 0.00%
31-Dec-2012 02-Aug-2012 30-Jun-2012 2 965,712 60,503 55,534 55,321 - 2,561,440 - % 5.75% 2.16% 1,600,000 60.36 60.36 3.50 3.50 0.00 0.00 1.6009 1.60   -29.32%   -29.99% 29-Jun-2012 5.30 8.78 153.29 3.31 0.65% 0.00% 02-Aug-2012 5.38 8.91 155.60 3.36 0.64% 0.00%
31-Dec-2012 09-May-2012 31-Mar-2012 1 665,267 86,752 78,073 78,267 - 2,501,189 - % 11.74% 3.13% 1,597,285 41.65 41.58 4.90 4.89 0.00 0.00 1.5659 1.56   68.84%   -39.16% 30-Mar-2012 5.49 13.18 112.04 3.51 0.89% 0.00% 09-May-2012 4.88 11.72 99.59 3.12 1.00% 0.00%
31-Dec-2011 21-Feb-2012 31-Dec-2011 4 716,148 54,081 46,416 46,355 159,844 2,429,641 344.83% 6.48% 1.91% 1,598,448 44.80 44.76 2.90 2.90 10.00 9.99 1.5200 1.52   -42.22%   -65.44% 30-Dec-2011 5.66 12.63 195.17 3.72 0.51% 1.77% 21-Feb-2012 5.51 12.30 190.00 3.63 0.53% 1.81%
31-Dec-2011 17-Nov-2011 30-Sep-2011 3 463,088 100,366 80,222 80,225 - 2,390,705 - % 17.32% 3.36% 1,604,500 28.86 28.94 5.00 5.01 0.00 0.00 1.4900 1.49   1.52%   3.23% 30-Sep-2011 5.50 19.06 110.00 3.69 0.91% 0.00% 17-Nov-2011 6.00 20.79 120.00 4.03 0.83% 0.00%
31-Dec-2011 16-Aug-2011 30-Jun-2011 2 957,798 96,401 79,289 79,021 - 2,402,883 - % 8.28% 3.29% 1,612,673 59.39 59.86 4.90 4.94 0.00 0.00 1.4900 1.50   -38.57%   -28.32% 30-Jun-2011 8.33 14.03 170.00 5.59 0.59% 0.00% 16-Aug-2011 6.64 11.18 135.51 4.46 0.74% 0.00%
31-Mar-2011 06-May-2011 31-Mar-2011 4 923,294 114,080 128,513 128,641 80,400 2,556,739 62.50% 13.92% 5.03% 1,608,012 57.42 57.71 8.00 8.04 5.00 5.03 1.5900 1.60   -4.11%   11.72% 31-Mar-2011 6.83 11.90 85.38 4.30 1.17% 0.73% 06-May-2011 6.83 11.90 85.38 4.30 1.17% 0.73%
31-Mar-2011 22-Feb-2011 31-Dec-2010 3 1,316,353 113,329 133,682 134,148 - 2,378,078 - % 10.16% 5.64% 1,524,409 86.35 82.27 8.80 8.38 0.00 0.00 1.5600 1.49   72.62%   36.90% 30-Dec-2010 5.90 6.83 67.05 3.78 1.49% 0.00% 22-Feb-2011 6.40 7.41 72.73 4.10 1.38% 0.00%
31-Mar-2011 22-Nov-2010 30-Sep-2010 2 1,022,875 101,545 78,024 77,712 2,164,116 1,089,649 2,784.79% 7.63% 7.13% 116,789 875.82 63.93 66.54 4.86 1,853.00 135.26 9.3300 0.68   -29.51%   154.62% 0.00 0.00 0.00 0.00 0.00% 0.00% 22-Nov-2010 4.50 0.51 6.76 0.48 14.79% 411.78%
31-Dec-2010 30-Jun-2010 1,172,898 95,072 110,257 110,247 - - - % 9.40% - % 1,344,475 87.24 73.31 8.20 6.89 0.00 0.00 - -   -4.26%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
winmal Hardly can see OG stocks with good balance sheet. No cashflow problems
30/10/2019 11:28 AM
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
slts received 2 huge contracts, but no movement??
03/12/2019 12:20 PM
bigman888 Huge? For them just like ikan bilis only
03/12/2019 9:32 PM
slts MHB own by MISC n Petronas own MISC
plenty of jobs to be given to MHB soon
04/12/2019 6:54 AM
Super_SKL 2020 M boleh ke?
04/12/2019 12:26 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 dont sleep pls, mhb
06/12/2019 10:29 AM
newbie5354_ Loss QR every qtr nobody mentioned bec syndicate control ctr?
06/12/2019 9:28 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
slts wow, just dump
11/12/2019 4:38 PM
Super_SKL Black horse of 2020!!! The harder it's pressed, the higher it would jump!
13/12/2019 3:57 PM
LingLing8 Agreed! But the question is: when it will jump?
13/12/2019 4:06 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
Trump Loss-making plus lousy company, even 0.30 is very expensive.
17/12/2019 11:05 AM
Super_SKL Should have news come out today. So far no news. Good news coming soon?
19/12/2019 4:10 PM
Billionaire_KG The news just in your head. Not everyone else.
19/12/2019 7:28 PM
slts year 2020 rising ong star
25/12/2019 4:26 PM
slts it s time to explode up
03/01/2020 9:22 AM
lewisbong Cheers
03/01/2020 10:31 AM
slts symmetric triangle breakout if close above 0.91
06/01/2020 12:01 PM
winmal what happen any big contract awarded
07/01/2020 4:41 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
bonbon Drops everyday. Worst performed counter among o&g in Bursa...
24/01/2020 11:01 AM
bonbon Anyhow the big black candlestick with volume on 8th Jan is a warning
24/01/2020 11:07 AM
avatar6 Luckily I have sold all near 90c. Waiting to buy back near 50c - 60c. Tomorrow hope got more panic sellers to push down the price further and faster.
28/01/2020 1:24 AM
kilrathi 7x is considered good entry already
28/01/2020 1:00 PM
avatar6 i wish 7x was a good entry. Hope it drop more. Not cheap enough now
28/01/2020 1:06 PM
value88 MHB to turnaround in 2020. The current weak market sentiment is a golden opportunity to accumulate.
29/01/2020 9:26 PM
Kingfish The golden opportunity is wait for new low.!
30/01/2020 6:58 PM
avatar6 Why today will up?
05/02/2020 5:16 PM
Muforever9999 Any prediction on coming QR?
06/02/2020 4:58 PM
avatar6 Definitely will show profit
08/02/2020 4:15 PM
DollyLucky Up 136%. Good closing today.
12/02/2020 1:30 PM
DollyLucky Happy ending for this week.
12/02/2020 1:31 PM
thomas_dennis wow, finally turn to profit
12/02/2020 2:17 PM
avatar6 As per my prediction. However, even if turning profit, this stock has not been able to climb back to 90c and above. Something fishy. Just be aware of it. Cheers.
12/02/2020 3:01 PM
value88 Finally MHB registered profit in this quarter !
2020 will be a turnaround year for MHB. If and when its Heavy Engineering segment's newly secured project reach the higher progression stage, MHB's earnings should improve further.
12/02/2020 3:59 PM
value88 MHB is the first positive Q4 quarterly report I receive in Feb'20. Hope more to come.
12/02/2020 4:00 PM
thomas_dennis depends on upcoming few year qr result, if can continuously increase profit revenue, wif current healthy net cash balance and low debt position, eventually cn climb bck to 1myr.
12/02/2020 4:25 PM
Dakewlest Kenapa kaunter ni kurang orang beli???
13/02/2020 10:13 AM
bigman888 Sebab floating shares sikit jer
13/02/2020 5:23 PM
winmal don't waste time & money... many other counters can offer better return than this
13/02/2020 10:21 PM
Dakewlest Kalau permintaan tinggi, floating shares sikit, senang harga naik. Kan?
14/02/2020 1:45 PM
bigman888 Share tak cukup.. Macam mana mau goreng...
17/02/2020 11:07 PM