As per my prediction. However, even if turning profit, this stock has not been able to climb back to 90c and above. Something fishy. Just be aware of it. Cheers.
Finally MHB registered profit in this quarter ! 2020 will be a turnaround year for MHB. If and when its Heavy Engineering segment's newly secured project reach the higher progression stage, MHB's earnings should improve further.
depends on upcoming few year qr result, if can continuously increase profit revenue, wif current healthy net cash balance and low debt position, eventually cn climb bck to 1myr.
Some other GLC company like POS & MSM are moving, but this counter hardly move although Cash In Hand more than 30 cent per share and belong to Petronas Co, need to lock MHB share into safe deposit for years... long term investment
MMHE's 1QFY20 marine segment's revenue rose 54% to RM119.70mil from RM77.70mil mainly contributed by the increase in revenue from LPG vessels and conversion work.
more jobs to come from conversion of oil based vessel to LPG vessel because of the IMO 2020 Regulation (Only ships fitted with sulphur-cleaning devices known as scrubbers will be allowed to continue burning high-sulphur fuel. Ship owners can also opt for other sources of cleaner fuel such as liquefied natural gas (LNG).
In view of the current crisis, the Group faces significant risks to its financial results and position including potential impairment of assets. However, at the present time, the Group is unable to fully assess and quantify the impact as discussions are still ongoing with clients and key stakeholders on the way forward. Furthermore, the Group's ability to assess the impact is made more difficult due to the extremely fluid global situation riddled with uncertainties. Nevertheless, the Group remains focused on resource optimisation to reduce its operating cost in line with the challenging outlook of the industry. Meanwhile, its efforts to ensure competitiveness for ongoing and future bids by improving execution and delivery of ongoing projects shall be further intensified. In addition, the Group continues to bolster its efforts to replenish its orderbook by diversifying into new business opportunities, namely onshore and renewable segments. Sources fr Quarter report
Good news..HLB maintain the BUY call!! TP: RM0.74. TP is maintained at RM0.74 pegged to 0.5x FY20 BVPS (-0.5SD 5 year mean). They continue to expect MMHE to turn around in FY20 and maintain the BUY call. The sell down has provided an opportunity to collect the stock, which continues to show earnings improvement. Furthermore, the stock is backed by RM0.28/share in cold hard cash or c.61% of its current market cap.
2.8bil order book Nett cash RM0.28/share Turnaround-2 consecutive quarter in green Good opportunity to collect at this price, buy and hold. Slow and steady is always better than pump and dumb. Economy reopen in most of the country, oil future will slowly comeback.
EMA 200 @ 0.75 Now so cheap, tender 18 bil project, some of it expected to announce in June 2020. I'm sure mhb will somehow secure at least 5% of its tender due to its track record, which mean About RM1 billion new order by end of the year. All together total order book will raise to 3 bil(2.8bil+1bil-.8bil).
Buy now as oil price recovery. Before it's too late. Plus this is nett cash company @M 0.28/ share.
I just load 500,000 unit ytd with average 46.8 sen, will load somemore on monday.
Oil and gas theme is back. MHB is a good buy. 1.MHB with existing order book will be busy for at least another 3 years. 2.Cash rich company, with RM0.28/share. 3.Oil price will normalize when COVID19 recover rate increase. est USD 45/brl 4.US will not let their oil producer die, their costs/brl around USD45-50. This is why Donald Thump ask Saudi and Russia to cut production, but ain't US. 5.Quarter 1 result release, 2 consecutive quarter in green. It shows an improvement, and it's profitable. Unlike PENERGY post a losses of RM20 mil, but share price recover more than 130% from bottom. 6.Without MCO (1803-3103), I believe MHB will perform better.
MHB floating shares are very less, probably less then 20% of it total issued shares. I just hope major shareholder (MISC) will privatize it later given the extremely low prices and trading at much lower then the NTA and price to book value with cash in hand of RM0.28 per share. Any sifu or expect here can provide your opinion for sharing ? Thank you.
Based on last few batch of prices move up for O&G counter in bursa, MHB always lag behind, hope this round will be differ as more investors are aware of the potential value of the Co especially its subsidiary of Petronas group of Co.
Its a bit shameful for Petronas if MHB still hover around at the current level of RM0.50/Share while others are moving up day by day.
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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....
DollyLucky
215 posts
Posted by DollyLucky > 2020-02-12 13:31 | Report Abuse
Happy ending for this week.