MALAYSIA MARINE AND HEAVY ENG

KLSE (MYR): MHB (5186)

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Last Price

0.42

Today's Change

0.00 (0.00%)

Day's Change

0.415 - 0.425

Trading Volume

210,700


6 people like this.

3,258 comment(s). Last comment by SEED 1 week ago

Wm039

47 posts

Posted by Wm039 > 2018-01-09 22:00 | Report Abuse

Tomorro re -price

msyahid

312 posts

Posted by msyahid > 2018-01-10 05:26 | Report Abuse

crude oil USD$63.

Posted by Mohd Fahmi Bin Jaes > 2018-01-10 05:52 | Report Abuse

no sleep. robot

Rio88

107 posts

Posted by Rio88 > 2018-01-10 14:31 | Report Abuse

Pretty bro...now just realised your message... sry...earned few K only me...Thanks to u!
now i betting on MHB-c3 , cost 0.035 ..hope coming wave makes me huat

msyahid

312 posts

Posted by msyahid > 2018-01-11 09:55 | Report Abuse

take a rest after 6 days climbing....

msyahid

312 posts

Posted by msyahid > 2018-01-11 19:30 | Report Abuse

crude oil USD$64.

Pilotsport

1,064 posts

Posted by Pilotsport > 2018-01-11 21:34 | Report Abuse

Tomorro rebound

bleuerouge

3,221 posts

Posted by bleuerouge > 2018-01-11 21:45 | Report Abuse

We have seen many Fridays where o&g counters shoot up. Could it be tommorrow for MHB ?

nikicheong

2,541 posts

Posted by nikicheong > 2018-01-15 10:51 | Report Abuse

https://www.thenational.ae/business/energy/mubadala-petroleum-petrochemicals-to-finalise-investments-in-malaysia-and-us-1.695060

Final investment decision for Pegaga within the next few weeks. This is it guys! There might be a premature speculative rally in the coming days/weeks possibly taking MHB above RM1 levels. It's a 50-50 between MMHE and Sapura...although do not get too excited as Upstreamonline reported a few weeks ago that Sapura has it in the bag (and Upstreamonline is pretty reputable source). Still many things can change.

msyahid

312 posts

Posted by msyahid > 2018-01-15 14:09 | Report Abuse

brent oil already USD$70

bleuerouge

3,221 posts

Posted by bleuerouge > 2018-01-15 17:32 | Report Abuse

mhb continue sleeping

msyahid

312 posts

Posted by msyahid > 2018-01-16 16:13 | Report Abuse

why O&G caunter red while the world oil price and ringgit value go up?

Rio88

107 posts

Posted by Rio88 > 2018-01-17 14:50 | Report Abuse

gg..MHB i bet wrongly this time...

SEED

345 posts

Posted by SEED > 2018-01-18 15:17 | Report Abuse

wow

SEED

345 posts

Posted by SEED > 2018-01-18 15:20 | Report Abuse

towards one dollar

SEED

345 posts

Posted by SEED > 2018-01-18 15:22 | Report Abuse

yeah, wait for 1.30 first then only buy la

SEED

345 posts

Posted by SEED > 2018-01-18 15:27 | Report Abuse

hopefully

Rio88

107 posts

Posted by Rio88 > 2018-01-18 15:39 | Report Abuse

@halim1960 Today 4pm grn +0.05 <<<what this mean?

msyahid

312 posts

Posted by msyahid > 2018-01-18 20:04 | Report Abuse

Shooting From The Hip: Quant Update on Malaysia Marine and Heavy Engineering Holdings Berhad (KLSE:MHB) as Price Index Touches 1.11538

https://thestockrover.com/shooting-from-the-hip-quant-update-on-malaysia-marine-and-heavy-engineering-holdings-berhad-klsemhb-as-price-index-touches-1-11538/

msyahid

312 posts

Posted by msyahid > 2018-01-18 20:05 | Report Abuse

MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD (5186.KL) Needle Moving -1.23% on Volume


https://www.concordregister.com/malaysia-marine-and-heavy-engineering-holdings-berhad-5186-kl-needle-moving-1-23-on-volume/

meisarel

654 posts

Posted by meisarel > 2018-01-19 10:24 | Report Abuse

Sifus, heard MMHE’s yard is already occupied with Bokor CPP work (awarded last year).

Hence likely Pegaga CPP will go to Sapura? Is it true ?

Posted by Shahrizal Sukri > 2018-01-19 12:28 | Report Abuse

Pegaga topside will be MMHE and wellhead will be award to Oceanmight (KKB). Thats what i heard from people inside.

meisarel

654 posts

Posted by meisarel > 2018-01-19 15:09 | Report Abuse

Ooo.... looks like what has been reported in Upstream online earlier may not be true after all

Proact286

80 posts

Posted by Proact286 > 2018-01-19 15:13 | Report Abuse

can you share the link?

meisarel

654 posts

Posted by meisarel > 2018-01-19 18:15 | Report Abuse

Proact286, here you go:

Sapura leads race for Pegaga turnkey award



Sapura Energy’s engineering and construction division is in pole position to land a significant turnkey contract for work on Mubadala Petroleum’s Pegaga gas development off Sarawak, east Malaysia.

Pegaga is one of the few current Malaysian offshore oil and gas developments but is one of the largest.

The main prize is the engineering, procurement, construction, installation and commissioning of a large central processing platform, with a 12,500-tonne topsides, 7000-tonne jacket and 3200 tonnes of piles.

The platform will feature a 12-slot drilling deck, a 50-person living quarters, and has been designed to produce between 400 million and 600 million cubic feet per day of gas.

It will be located in 110 metres of water in Block SK320 off Sarawak, and the floatover method of installation is understood to be favoured. Only two companies were invited to bid for the contract — Sapura Energy and Malaysia Marine & Heavy Engineering.

They are the leading exponents of big platform fabrication in Malaysia.

Bids were submitted some months ago, and sources said Sapura — with the support of WorleyParsons — is well positioned for the contract.

Both companies are desperate for a major new contract given their depleted order books and lack of ongoing work in their yards.

Sapura is insulated somewhat by its other divisions — its oil and gas production segment, its transportation and installation subsidiary and its drilling segment.

However, the company's recent market forecast was sombre, saying it remained “cautious on the outlook of recovery in the industry's capital spending”.

Activity levels would remain subdued in the near term and competition would remain intense. Sapura recently agreed with Subsea 7 to discontinue the SapuraAcergy joint venture, which resulted in Sapura becoming the sole owner of the Sapura 3000, a self-propelled dynamically-positioned heavy lift derrick and pipelay combination vessel.

This was viewed positively by Malaysian security analysts, as the vessel would enhance Sapura’s competitiveness in the engineering and construction business.

The vessel has worked in numerous countries, and also carried out landmark workscopes at Malaysia's first two deep-water projects — Kikeh and Gumusut-Kakap.

Abu Dhabi-headquartered Mubadala last September awarded Aker Solutions’ Malaysian subsidiary the front-end engineering and design contract for Pegaga.

Mubadala’s intention is to use the Pegaga field as the central hub for a series of discoveries in Block SK320.

The operator said Pegaga “is among the largest discoveries of recent years in Malaysia”.

Another aspect of the project is a 28-inch, 130-kilometre subsea gas pipeline to a new riser platform at a third-party field, said sources.

Mubadala was appointed the operator of Block SK320 in 2010 when the permit already contained the M5 discovery.

A successful appraisal well was drilled on M5 in 2012, followed in 2013-2014 by three substantial gas discoveries — Pegaga, Sirih and Sintok.

Mubadala is planning to drill two commitment wells in Block SK320 starting in December this year. It is understood the wells will be drilled using the jack-up Ensco 115 ( formerly the Atwood Orca) as part of a four-month extension with rig owner Ensco that Mubadala recently agreed.

Mubadala holds a 55% operating interest in SK320 with Petronas Carigali on 25% and Anglo-Dutch supermajor Shell holding 20%.

http://www.upstreamonline.com/hardcopy/138...a-turnkey-award

Posted by Mohd Fahmi Bin Jaes > 2018-01-19 18:17 | Report Abuse

Sell

eddy888

313 posts

Posted by eddy888 > 2018-01-19 20:57 | Report Abuse

Only two companies were invited to bid for the contract — Sapura Energy and Malaysia Marine & Heavy Engineering.
Bids were submitted some months ago, and sources said Sapura — with the support of WorleyParsons — is well positioned for the contract.

Still not yet finalize.let's wait & see

Proact286

80 posts

Posted by Proact286 > 2018-01-22 12:43 | Report Abuse

MMHE has Technip JV to support subsea gas pipelines. Based on my past experience dealt with both MMHE Technip JB will getbthe job. companies, i am confident

1009

2,020 posts

Posted by 1009 > 2018-01-23 20:35 | Report Abuse

Macam ada power .... boleh beli sikit cari makan?...

nikicheong

2,541 posts

Posted by nikicheong > 2018-01-24 08:44 | Report Abuse

Can share the article on the privatization?

1009

2,020 posts

Posted by 1009 > 2018-01-24 14:00 | Report Abuse

2day have cheap few.. perlahanx2 sapu sikit simpan..
If fly? Call me...

msyahid

312 posts

Posted by msyahid > 2018-01-24 23:43 | Report Abuse

crude oil USD$65

nikicheong

2,541 posts

Posted by nikicheong > 2018-01-26 09:16 | Report Abuse

@Rowie, share the article or something. Take a photo if only physical copy. I can't find this online anywhere. Would be an interesting read.

nikicheong

2,541 posts

Posted by nikicheong > 2018-01-26 16:01 | Report Abuse

Thanks for sharing sir. Indeed MISC could, but perhaps Petronas would like it better for MMHE to be "independent" to as to ensure cost competitiveness and encourage competition with local fabricators.

Posted by Shahrizal Sukri > 2018-01-30 21:56 | Report Abuse

MMHE is under utilization. Yard in Pasir Gudang still have good capacity to accommodate big project like Pegaga. Petronas might push Mubadala to give this project to them. Again, KKB is better contender than Brook because of current capacity.

msyahid

312 posts

Posted by msyahid > 2018-02-05 20:25 | Report Abuse

http://www.klsescreener.com/v2/news/view/338719

Sapura Energy gets contracts totalling RM905M

msyahid

312 posts

Posted by msyahid > 2018-02-05 20:53 | Report Abuse

the total include from MMHE Sdn Bhd (MHB) too..

4. Provision of Transportation and Installation (“T&I”) Works for Bokor CPP Project by Malaysia Marine and Heavy Engineering Sdn. Bhd.

Sapura Offshore Sdn. Bhd. (formerly known as SapuraKencana TL Offshore Sdn. Bhd.) has been awarded a contract to undertake transportation and installation works for Bokor Central Processing Platform project (“Contract”) for Malaysia Marine and Heavy Engineering Sdn. Bhd.

The Contract scope of work comprises of transportation and installation of jackets, piles, bridges and appurtenances.

The works are expected to be completed by March 2020.

Annetan

852 posts

Posted by Annetan > 2018-02-06 15:03 | Report Abuse

bought c6 at 10.74

Annetan

852 posts

Posted by Annetan > 2018-02-07 09:48 | Report Abuse

sold avg 11.26

risenfall

318 posts

Posted by risenfall > 2018-02-07 13:15 | Report Abuse

got dividend not bad...

risenfall

318 posts

Posted by risenfall > 2018-02-07 13:16 | Report Abuse

price shall not be lower than hibiscus anymore...may back above rm1 very soon if global market no crash hehehe

1009

2,020 posts

Posted by 1009 > 2018-02-07 13:39 | Report Abuse

Hope can Up. ... hope.. hope ..

林立胜

120 posts

Posted by 林立胜 > 2018-02-07 13:48 | Report Abuse

next day you can see all IB come say buy buy buy,haha

hornbill

822 posts

Posted by hornbill > 2018-02-07 13:50 | Report Abuse

Crude oil will back to USD60 soon.

msyahid

312 posts

Posted by msyahid > 2018-02-07 14:03 | Report Abuse

congratulations to who bought yesterday n still hold.

nikicheong

2,541 posts

Posted by nikicheong > 2018-02-07 14:15 | Report Abuse

From now on IBs will definitely re-rate MMHE, mainly due to earnings visibility from Bokor CPP.

Also, have some scant hope of landing either the Pegaga CPP or some part of that project.

Going forward, in the next 24 months, Petronas should also be dishing out more contracts.

Can probably hopefully expect the share price to settle at above RM0.80 from now onwards as the worst is over and it is crazy that a company in such a specialized niche with such a beautiful balance sheet is valued at less than half of the book value.

Deskent

91 posts

Posted by Deskent > 2018-02-07 15:03 | Report Abuse

Sell on news?

nikicheong

2,541 posts

Posted by nikicheong > 2018-02-07 15:13 | Report Abuse

LOL sell on news? This is just the start of the recovery.

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