MALAYSIA MARINE AND HEAVY ENG

KLSE (MYR): MHB (5186)

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Last Price

0.465

Today's Change

+0.005 (1.09%)

Day's Change

0.46 - 0.47

Trading Volume

1,625,100


6 people like this.

3,247 comment(s). Last comment by Icon 888 6 hours ago

SEED

339 posts

Posted by SEED > 2018-02-07 16:35 | Report Abuse

I have been waited for so long, finally got dividend...haha

marcofu88

398 posts

Posted by marcofu88 > 2018-02-07 16:47 | Report Abuse

At least 0.94

dompeilee

11,888 posts

Posted by dompeilee > 2018-02-08 09:04 | Report Abuse

Bought 57 lots @ 83.5c

nikicheong

2,450 posts

Posted by nikicheong > 2018-02-08 09:10 | Report Abuse

Told you, the upgrades are coming thick and fast. The party is just about getting started guys. Hang in there!

newtrend

134 posts

Posted by newtrend > 2018-02-08 09:32 | Report Abuse

excellent!!!!

msyahid

312 posts

Posted by msyahid > 2018-02-08 09:49 | Report Abuse

i hope 'jerung' will acquired more and more..

pretty_life

4,810 posts

Posted by pretty_life > 2018-02-08 12:19 | Report Abuse

SAPU mhb C5 BEFORE MOTHER BREAK 0.92 AND HEADING TO 0.98

Posted by birkincollector > 2018-02-08 12:20 | Report Abuse

yes agree

Wei Wong

671 posts

Posted by Wei Wong > 2018-02-08 14:51 | Report Abuse

Why is this good ?? Some advise please ..

dompeilee

11,888 posts

Posted by dompeilee > 2018-02-08 15:42 | Report Abuse

Annetan bought c6 at 10.74
06/02/2018 15:03

Annetan sold avg 11.26
07/02/2018 09:48

Wow! Annetan sold only go straight up to 17.5c! I think broker earns more than her LOL!!

tomblack

148 posts

Posted by tomblack > 2018-02-09 07:59 | Report Abuse

Penny stocks will survive. Buy Anzo today. It may fly after the next QR announcement. Recent good article on Anzo.

dompeilee

11,888 posts

Posted by dompeilee > 2018-02-09 17:11 | Report Abuse

Very strong despite the selloff with 900 loser!!! https://www.youtube.com/watch?v=PHmhiIOdTL0

ChampionCw

489 posts

Posted by ChampionCw > 2018-02-09 19:18 | Report Abuse

Pretty Life thanks for your alert in CW . Are you a girl ?

ChampionCw

489 posts

Posted by ChampionCw > 2018-02-10 20:14 | Report Abuse

Maybank Target Price RM 1. A LAGGARD PLAY

MHB CW 5 will double in value Buy Buy Buy

KUALA LUMPUR: Maybank Investment Bank Research has upgraded Malaysia Marine Heavy Engineering (MMHE) to a Buy ahead of a recovery in order backlog.

It said on Thursday MMHE is more solid, financially and operationally now versus a year ago.

“Valuations are near their historical low from a price-to-book value (PBV) perspective and lag behind regional peers that have re-rated, on rising oil price/ sentiment/ activity,” it said.

Maybank Research said its new TP of RM1 (+25sen) is based on a 0.9x enterprise value (EV)/ order backlog (versus 0.5 times PBV previously) to reflect the improving outlook, and offers a 22% upside,” it said.

Commenting on the fourth quarter results (Q4FY17), it said the surprise net profit of RM48mil included a RM94mil gain, largely comprising substantial variation orders (RM70mil).

Excluding that, MMHE reported core net loss of RM46mil, bringing its core loss to RM61mil in FY17. The heavy engineering operations reported higher on-quarter activities.

Conversely, its marine operations reported lower revenue/ EBIT (-12%/ -29%) on lower volume/ value of marine repair works. Financially, its cash balance improved 10% on-quarter to RM675mil @ 42sen a share.

MMHE reported positive free cashflow of RM10mil and declared an interim DPS of 3 sen, a positive surprise.

“The weak FY18 is well-flagged, on a RM1.3bil order backlog (one-year visibility). Financially, MMHE is on a firmer footing, from a cashflow/opex management perspective.

“Operationally, we expect MMHE’s job wins momentum to improve this FY, on improving sentiment/ activities. It has started tendering for jobs beyond the domestic market, a positive aspect, in terms of competitiveness. We expect MMHE to win RM2bil worth of works in FY18 (vs. RM1.1bil in FY17).

“Our valuation is based on 0.9 times EV/ backlog, conservatively premised on one standard deviation and five-year order backlog average of RM1.1bil. Valuations are undemanding and at a historical low, from a PBV perspective (0.5 times). Its regional peers have re-rated, making MMHE an interesting laggard play,” it said.
Read more at https://www.thestar.com.my/business/business-news/2018/02/08/maybank-research-upgrades-mmhe-to-buy-ahead-of-recovery/#ypLftxLo358EoKuv.99

Posted by Championmbsbnsimecw > 2018-02-11 13:12 | Report Abuse

Mhb mother heading to Rm 1, C5 heading to 10 sen grab n go

nikicheong

2,450 posts

Posted by nikicheong > 2018-02-13 10:58 | Report Abuse

Pegaga should be out within the next 30 days. Just between Sapure and MMHE. Ayuh!

Btw RM0.03 dividend is quite nice. If MMHE fails to get Pegaga and the share price retreats, I will likely want to top up sometime next month.

lrbvuop

96 posts

Posted by lrbvuop > 2018-03-08 07:52 | Report Abuse

What happen to mhb?

Posted by Mohd Fahmi Bin Jaes > 2018-03-08 07:53 | Report Abuse

This too low

msyahid

312 posts

Posted by msyahid > 2018-03-08 17:41 | Report Abuse

market sentiment, not because MHB..

ks_lim

196 posts

Posted by ks_lim > 2018-03-13 16:21 | Report Abuse

When the Pegaga project anno7ncemt?

Chung

533 posts

Posted by Chung > 2018-03-14 08:54 | Report Abuse

If you predict it may drop below 40 or 30 cents why hurry to buy now ?

ramjie56

113 posts

Posted by ramjie56 > 2018-03-14 21:51 | Report Abuse

any good news for mhb ?

ramjie56

113 posts

Posted by ramjie56 > 2018-03-16 00:35 | Report Abuse

I guess so. last time I bought a few lots at 1.08/unit. now....... ?

meisarel

599 posts

Posted by meisarel > 2018-03-21 13:57 | Report Abuse

Upstream online quite spot on

Rowie

471 posts

Posted by Rowie > 2018-03-21 14:53 | Report Abuse

Good for Sapura..............they need it more at this point in time

haron89

429 posts

Posted by haron89 > 2018-03-28 11:13 | Report Abuse

MHB will go up...gogogo..:)

risenfall

318 posts

Posted by risenfall > 2018-03-28 13:50 | Report Abuse

whole world tumbling only want to go up ahh...

haron89

429 posts

Posted by haron89 > 2018-03-30 05:45 | Report Abuse

Latest News: 30/3/2018
DJIA +254.69
S&P 500 +35.87
NASDAQ +114.22
OIL 64.91/barrel
BRENT 70.22/barrel

haron89

429 posts

Posted by haron89 > 2018-03-30 05:45 | Report Abuse

Today MHB up up..watch closely:) market is good!

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-03-30 11:51 | Report Abuse

so confident ar Jack?

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-03-30 11:52 | Report Abuse

Sell on news?

Er Xian

171 posts

Posted by Er Xian > 2018-03-30 21:07 | Report Abuse

who dump mhb c5 at 0.005, shocked me for a second lol

chiwing

37 posts

Posted by chiwing > 2018-03-30 21:41 | Report Abuse

50000 won't affect much i guess..are you still holding your c5 too?

Er Xian

171 posts

Posted by Er Xian > 2018-03-30 21:42 | Report Abuse

haha yup still holding, sad dont have extra limit to buy more at 0.01

chiwing

37 posts

Posted by chiwing > 2018-03-30 22:16 | Report Abuse

same haha I'm still waiting for the results of AGM and quarter report out next month, unless there are more good news coming which are good for us :)

zidane

51 posts

Posted by zidane > 2018-03-31 16:11 | Report Abuse

85c coming

bleuerouge

3,221 posts

Posted by bleuerouge > 2018-04-02 18:43 | Report Abuse

so many IB call on mhb but still no big player come.

Er Xian

171 posts

Posted by Er Xian > 2018-04-03 12:10 | Report Abuse

sapu mhb c5 at 0.005

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-03 15:38 | Report Abuse

die hard

chiwing

37 posts

Posted by chiwing > 2018-04-03 20:05 | Report Abuse

@bleurouge: Wait for AGM and report nxt few weeks

bleuerouge

3,221 posts

Posted by bleuerouge > 2018-04-03 20:50 | Report Abuse

@chiwing, heard QR not so good but mhb has more good prospect ahead, just look at sapnrg..huge losses but ppl continue buying.

chiwing

37 posts

Posted by chiwing > 2018-04-03 21:41 | Report Abuse

@bleuerouge: Yeah that's why I'm interested in this company, good cash flow with 0 borrowings, I expect it could bring more positive news to the company. Meanwhile I guess those who look into Sapura mainly becuz of one good news: they probably won't get another result worst than the current one, but the down side is if sapura started earning money.. the group will eventually repay their debts instead of paying back to shareholders, so yeah if we had like 10-20 years sapura worth to buy for us small investors imo.

nikicheong

2,450 posts

Posted by nikicheong > 2018-04-05 20:59 | Report Abuse

Q1 18 not necessarily good. It is the much improved macro conditions that will drive MMHE's recovery going forward. Losing out on Pegaga is a big loss...but MMHE will now be in a pole position to grab the next major EPCIC contract to be issued in Malaysia.

chiwing

37 posts

Posted by chiwing > 2018-04-06 14:29 | Report Abuse

Yeah, with the decline of revenue in Marine business unit (MBU) would be a downside, but the CEO said they have secured a number of offshore fabrication projects so which is probably still bringing decent revenue to the company this year, with the oil price sustain around $60-70 so I guess the company still have a good prospect in the near future.

nikicheong

2,450 posts

Posted by nikicheong > 2018-04-06 18:37 | Report Abuse

I bought more today.

Not sure if anyone read this: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5743525

Could be to bid for Aramco projects in Saudi

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-09 16:00 | Report Abuse

die hard

Er Xian

171 posts

Posted by Er Xian > 2018-04-10 11:27 | Report Abuse

die hard then go away dont stay here and focus on your kinstel

chiwing

37 posts

Posted by chiwing > 2018-04-10 17:41 | Report Abuse

Good to see MHB rebound back and almost test its resistance! Would be great to see cw start moving too :)

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