Posted by Super_SKL > 2019-08-30 15:35 | Report Abuse

Good news coming soon!

Posted by 10218296660755375 > 2019-09-06 18:02 | Report Abuse

Where is the good news ? Haha but the graph looks like going uptrend

Posted by dompeilee > 2019-10-11 09:48 | Report Abuse

Up 11% in 2 days!

Posted by sapurakencana > 2019-10-12 01:31 | Report Abuse

dont chase high,kawasari not yet start,where got profit.

Posted by bigman888 > 2019-10-13 12:35 | Report Abuse

Buy on news... Sell after confirmed

Posted by Armada An Quantum Leap Stock In 2019/2020 > 2019-10-13 12:35 | Report Abuse

Any luck in here ?

Posted by kilrathi > 2019-10-17 06:40 | Report Abuse

Mhb is on a gradual uptrend movement..

Posted by nikicheong > 2019-10-25 09:10 | Report Abuse

HEU tenders of RM13.4bil is an ALL TIME HIGH, and this is AFTER already getting the Kasawari tender. Things looking up, up, up :)

Posted by bonbon > 2019-10-25 09:18 | Report Abuse

Its financial result is out, still in red

Posted by nikicheong > 2019-10-25 09:27 | Report Abuse

https://factsetpdf.maybank-ke.com/PDF/157078_CN__6d965ff79610465798de8d644c577cf1.pdf

Posted by value88 > 2019-10-28 21:22 | Report Abuse

There is RM6.4mil forex loss in Q3 FY19. If exclude this one-off loss, MHB is actually profitable in this quarter. The core EPS without exceptional forex loss is ~0.08sen. It is not much but at least MHB turnaround in this Q3 FY19.

The tender book jumped 4.3x if compared to last quarter. The higher tendering reflect improving O&G activities, and higher tender book also gives higher opportunity to win more contracts for future income stream.

Posted by winmal > 2019-10-30 11:28 | Report Abuse

Hardly can see OG stocks with good balance sheet. No cashflow problems

Posted by positiontrader > 2019-11-13 23:08 | Report Abuse

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. :)

Posted by nikicheong > 2019-12-02 14:02 | Report Abuse

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”.

Posted by slts > 2019-12-03 12:20 | Report Abuse

received 2 huge contracts, but no movement??

Posted by bigman888 > 2019-12-03 21:32 | Report Abuse

Huge? For them just like ikan bilis only

Posted by slts > 2019-12-04 06:54 | Report Abuse

MHB own by MISC n Petronas own MISC
plenty of jobs to be given to MHB soon

Posted by Super_SKL > 2019-12-04 12:26 | Report Abuse

2020 M boleh ke?

Posted by bugle > 2019-12-05 19:42 | Report Abuse

Bad news for EATECH, but good news for MHB. Last call for price below 90 and should have no more after that.

Posted by slts > 2019-12-06 10:29 | Report Abuse

dont sleep pls, mhb

Posted by newbie5354_ > 2019-12-06 21:28 | Report Abuse

Loss QR every qtr nobody mentioned bec syndicate control ctr?

Posted by slts > 2019-12-10 10:06 | Report Abuse

no syndicate play, cash rich ong petronas' subsidiary Co.
looking at previous improving QR
q4 will turn profitable
just collect

Posted by slts > 2019-12-11 16:38 | Report Abuse

wow, just dump

Posted by Super_SKL > 2019-12-13 15:57 | Report Abuse

Black horse of 2020!!! The harder it's pressed, the higher it would jump!

Posted by LingLing8 > 2019-12-13 16:06 | Report Abuse

Agreed! But the question is: when it will jump?

Posted by Super_SKL > 2019-12-13 16:09 | Report Abuse

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.

Posted by slts > 2019-12-14 09:04 | Report Abuse

with cash 40sen / share n nta 1.47
misc should take it private since its so thinly traded
n not reflective of its value

Posted by slts > 2019-12-16 13:29 | Report Abuse

https://www.theedgemarkets.com/article/fabricators-biggest-winners-petronas-activity-outlook-20202022-says-kenanga-ib

Posted by LingLing8 > 2019-12-16 15:18 | Report Abuse

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.

Posted by positiontrader > 2019-12-16 16:10 | Report Abuse

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.

Posted by tempac > 2019-12-17 11:05 | Report Abuse

Loss-making plus lousy company, even 0.30 is very expensive.

Posted by Super_SKL > 2019-12-19 16:10 | Report Abuse

Should have news come out today. So far no news. Good news coming soon?

Posted by Billionaire_KG > 2019-12-19 19:28 | Report Abuse

The news just in your head. Not everyone else.

Posted by slts > 2019-12-25 16:26 | Report Abuse

year 2020 rising ong star

Posted by slts > 2020-01-03 09:22 | Report Abuse

it s time to explode up

Posted by lewisbong > 2020-01-03 10:31 | Report Abuse

Cheers

Posted by slts > 2020-01-06 12:01 | Report Abuse

symmetric triangle breakout if close above 0.91

Posted by winmal > 2020-01-07 16:41 | Report Abuse

what happen any big contract awarded

Posted by Eagle_T > 2020-01-09 13:31 | Report Abuse

A busy 2020 for offshore contractors !
https://www.rigzone.com/news/offshore_contractors_primed_for_a_busy_2020-08-jan-2020-160739-article/

Posted by bonbon > 2020-01-24 11:01 | Report Abuse

Drops everyday. Worst performed counter among o&g in Bursa...

Posted by bonbon > 2020-01-24 11:07 | Report Abuse

Anyhow the big black candlestick with volume on 8th Jan is a warning

Posted by avatar6 > 2020-01-28 01:24 | Report Abuse

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.

Posted by kilrathi > 2020-01-28 13:00 | Report Abuse

7x is considered good entry already

Posted by avatar6 > 2020-01-28 13:06 | Report Abuse

i wish 7x was a good entry. Hope it drop more. Not cheap enough now

Posted by value88 > 2020-01-29 21:26 | Report Abuse

MHB to turnaround in 2020. The current weak market sentiment is a golden opportunity to accumulate.

Posted by Kingfish > 2020-01-30 18:58 | Report Abuse

The golden opportunity is wait for new low.!

Posted by avatar6 > 2020-02-05 17:16 | Report Abuse

Why today will up?

Posted by Muforever9999 > 2020-02-06 16:58 | Report Abuse

Any prediction on coming QR?

Posted by avatar6 > 2020-02-08 16:15 | Report Abuse

Definitely will show profit

Posted by DollyLucky > 2020-02-12 13:30 | Report Abuse

Up 136%. Good closing today.