Write a comment..Riff, I will make sure you can't get 1230 because I'm collecting at 1240 and 1250...Pls place a 1250 bid.. I might give it to you... Be mindful of penny wise but pound foolish
Marine revenue rm120 M, profit rm 15 M. Last year whole year marine business revenue rm468 M, profit rm77 M. Marine business is contributing signficant profit to MHB. This year the revenue is going to increase further to rm 600M +, so the marine segment may chalk up a profit of rm100M. this is stable profit and increasing. Every ship will need to dry docking after 2.5 yrs of service. The marine business is expanding so as the profit. bright future for MHB. Any recovery in offshore business is a plus point for MHB. With oil price going up, no wonder MHB holding so well. See u at rm2.00
SembCorp marine trade at 1.4 times book value, the other oil rig service providers in Singapore trade at average 0.8 time book value. MHB only trade at 0.688 time book value (at rm1.15). if MHB were to trade at 1.4 times book value, it should fetch rm2.338. Or if it were to trade at 0.8 time, it should be trading at rm1.36. Bear in mind Semb corp marine has its biggest customer file for bankruptcy last week, it has file legal proceeding against its biggest customer. Whereas MHB has no problem in its collection. Cash balance has been steadily going up. the business also cushion by the marine segment. why should it trade at such a low valuation. Is it because it is illiquid, thus making the stock price behave like it is now, being manipulated by people. the big boy very scared the stock price move up, thus hit it down to confuse retailers.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Erwan Hasidan
95 posts
Posted by Erwan Hasidan > 2016-04-26 09:29 | Report Abuse
Another 3 days. Cimb happy if the price maintained below ex price.