Hi guys,

MHB (5186) is a slow, solid & stable OnG Company that is also Cash Rich

Surprising indeed as many entities like Perisai, Barakah, Alam, Daya, Perdana, Sumatech, Armada  and others are fully laden with huge debt load & teethering on insolvency.and bankruptcy.

MHB is a surprise indeed!!

And these are Some surprises:

1) MHB IS A NET CASH COMPANY!!

IT HAS A SURPLUS CASH OF 36 SEN AT 80 SEN

SO THIS COMPANY MINUS ITS CASH IS ONLY 44 SEN PER SHARE!!

AND WITH NTA OF RM1.50 THIS IS REALLY A REAL VALUE BARGAIN.

2) TOP 30 HOLDERS ALREADY OWN 91% OF MHB SHARES!

Free float only 9% in the market

SO MANY FUNDS ARE INSIDE

SO MANY FUNDS SEE VALUE

3) MY 3RD SUPRISE IS

ALL THE PROPERTY ASSETS ARE FOUND IN BOOMING ISKANDAR

ALL 17 LISTED PROPERTY ASSETS ARE LOCATED IN JOHOR

4) ITS JOBS AWARD ARE LONG TERM (5 TO 6 YEARS) FROM PETRONAS & SAUDI ARAMCO

SEE THE LATEST JOB AWARD

MHB and Hiap Seng Secures Master Service Agreement for Integrated Turnaround Main Mechanical & Maintenance Mechanical Static from PETRONAS Malaysia Marine and Heavy Engineering Holdings Berhad (MHB or Group) wishes to announce that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), in joint venture with Hiap Seng Engineering Limited (HSEL) have been awarded a Master Service Agreement for Integrated Turnaround Main Mechanical & Maintenance Mechanical Static from PETROLIAM NASIONAL BERHAD (PETRONAS). 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

Wan Mashitah Wan Abdullah Sani, Managing Director and Chief Executive Officer of MHB, commented, “We are proud of this opportunity given to serve PETRONAS in its integrated plant turnaround initiative. This long term project award is aligned with our strategy to venture into new businesses that provides recurring orders in ensuring MHB’s growth sustainability. We are committed to execute the work efficiently, without compromising on safety and quality”.

5) WHILE MANY ARE GOING BANKRUPT LAST YEAR MHB EVEN MANAGED TO GIVE OUT DIVIDEND

07-Feb-2018	21-Feb-2018	DIVIDEND	Interim Dividend	RM 0.03
24-Apr-2014	22-May-2014	DIVIDEND	Final Dividend	RM 0.05
21-Feb-2013	14-Jun-2013	DIVIDEND	Final Dividend	RM 0.1
21-Feb-2012	11-Jun-2012	DIVIDEND	Final Dividend	RM 0.1
23-Aug-2011	26-Sep-2011	DIVIDEND	Final Dividend	RM 0.05

6) IT IS ALSO A SURPRISE THAT FEW PEOPLE ARE INTERESTED IN THIS VALUE SHARE

Many go chasing Knm, Daya, Armada, Alam, Sumatech, Perdana & Barakah

BARAKAH?

INSIDERS ARE NOW SELLING AND RUNNING AWAY

See

NIK HAMDAN BIN DAUD	04-Apr-2019	Disposed	7,200,000	0.104
NIK HAMDAN BIN DAUD	02-Apr-2019	Disposed	1,200,000	0.100
NIK HAMDAN BIN DAUD	01-Apr-2019	Disposed	1,200,000	0.100
NIK HAMDAN BIN DAUD	27-Mar-2019	Disposed	1,200,000	0.100
NIK HAMDAN BIN DAUD	26-Mar-2019	Disposed	3,600,000	0.100
NIK HAMDAN BIN DAUD	25-Mar-2019	Disposed	1,043,600	0.105
NIK HAMDAN BIN DAUD	22-Mar-2019	Disposed	1,200,000	0.105
ENCIK NIK HAMDAN BIN DAUD	21-Mar-2019	Disposed	2,400,000	0.110
ENCIK NIK HAMDAN BIN DAUD	20-Mar-2019	Disposed	1,200,000	0.110
NIK HAMDAN BIN DAUD	21-Feb-2019	Disposed	3,700,000	0.120
NIK HAMDAN BIN DAUD	21-Feb-2019	Disposed	1,835,300	0.120
NIK HAMDAN BIN DAUD	20-Feb-2019	Disposed	6,500,000	0.123
NIK HAMDAN BIN DAUD	20-Feb-2019	Disposed	2,500,000	0.122
NIK HAMDAN BIN DAUD	19-Feb-2019	Disposed	3,250,000	0.125
NIK HAMDAN BIN DAUD	18-Feb-2019	Disposed	2,500,000	0.127
NIK HAMDAN BIN DAUD	18-Feb-2019	Disposed	890,000	0.135
NIK HAMDAN BIN DAUD	15-Feb-2019	Disposed	4,200,000	0.136
NIK HAMDAN BIN DAUD	31-Jan-2019	Disposed	1,500,000	0.085
MR NIK HAMDAN BIN DAUD	30-Jan-2019	Disposed	2,000,000	0.086
NIK HAMDAN BIN DAUD	29-Jan-2019	Disposed	1,000	0.085
NIK HAMDAN BIN DAUD	22-Jan-2019	Disposed	3,523,700	0.085
NIK HAMDAN BIN DAUD	18-Jan-2019	Disposed	1,000,000	0.065

7) THE BIGGEST SURPRISE OF ALL: WHY SO MANY SORCHAI NEVER LEARN LEH?

Last time while ESPIRIT was going bankrupt & closing shop for good while Its shares went LIMIT UP!

Calvin was at Espirit Office in PJ Old Town - buying the last Jeep & the last photo copy machine

I ASKED THE DIRECTOR

""HEY! YOUR COMPANY SHARE IS CHASED TO LIMIT UP TODAY!!"

CAN BUY OR NOT?

HE REPLIED, "DON'T BUY ESPIRIT!!" HE WARNED

TODAY I HAD SOLD OFF EVERY REMAINING ASSETS

ESPIRIT IS CLOSED FOR :FOREVER!"

MY BROTHERS AND I ARE THE TOP BOSSES IN ESPIRIT

WE ARE GOING BANKRUPT

TODAY IS ALSO MY LAST DAY AS A DIRECTOR

WE ARE NO MORE

FORGET ABOUT THOSE WHO CHASED ESPIRIT INTO LIMIT UP

WAIT A FEW MORE WEEKS AND YOU WILL KNOW

TRUE TO HIS WORDS

WEEKS LATER ESPIRIT WAS SUSPENDED AND THEN DELISTED

THAT IS WHY CALVIN IS AFRAID OF A COMPANY WITH TOO MUCH DEBT WITHOUT ASSET BACKING OR CASH RESERVES

AND I THINK I FOUND IN MHB(5168) A STOCK WITH HUGE MARGIN OF SAFETY.

AND AFTER BUYING I CAN SLEEP SOUNDLY EVERY NIGHT: ....ZZZzzzzz,,,...

BEST REGARDS

Calvin Tan Research

NOTE: THIS IS NOT A BUY OR SELL CALL

JUST A HAPPY SHARING