MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
(Company No.: 178821-X)
Appendix 1
Page 4 of 15
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 JUNE 2020
Distributable Fair Value
Share Retained through Non-controlling Total
Capital Earnings OCI Reserve Total Interests Equity
RM '000 RM '000 RM '000 RM '000 RM '000 RM '000
6 MONTHS ENDED 30 JUNE 2020
At 1 January 2020 1,618,263 755,565 (1,560) 2,372,268 9,170 2,381,438
Fair value through other comprehensive
income:
Changes in fair value - - 3,965 3,965 - 3,965
Loss for the period - (390,892) - (390,892) (3,901) (394,793)
At 30 JUNE 2020 1,618,263 364,673 2,405 1,985,341 5,269 1,990,610
6 MONTHS ENDED 30 JUNE 2019
At 1 January 2019 1,618,263 788,808 - 2,407,071 (259) 2,406,812
Effect of the adoption of pronouncements - (556) - (556) (238) (794)
At 1 January 2019 (Restated) 1,618,263 788,252 - 2,406,515 (497) 2,406,018
Loss for the period - (38,840) - (38,840) (82) (38,922)
At 30 JUNE 2019 1,618,263 749,412 - 2,367,675 (579) 2,367,096
30 Largest Shareholders
As at 10 February 2020
No Name of Shareholders No. of Shares
% of Issued
Share Capital
1 MISC BERHAD 1,064,000,000 66.50
2 HSBC NOMINEES (ASING) SDN BHD
TECHNIPFMC PLC
136,000,000 8.50
3 URUSHARTA JAMAAH SDN BHD 105,619,000 6.60
4 LEMBAGA TABUNG ANGKATAN TENTERA 35,725,100 2.23
5 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
25,757,890 1.61
6 AMANAHRAYA TRUSTEES BERHAD
AMANAH SAHAM BUMIPUTERA
23,999,900 1.50
7 CITIGROUP NOMINEES (ASING) SDN BHD
CGML IPB FOR PEDDER STREET ASIA ABSOLUTE RETURN MASTER FUND LIMITED
22,359,100 1.40
8 CARTABAN NOMINEES (TEMPATAN) SDN BHD
RHB TRUSTEES BERHAD FOR MANULIFE INVESTMENT SHARIAH PROGRESSFUND
10,586,500 0.66
9 CIMB GROUP NOMINEES (TEMPATAN) SDN BHD
AIIMAN ASSET MANAGEMENT SDN BHD FOR LEMBAGA TABUNG HAJI
7,740,100 0.48
10 MUHAMAD ALOYSIUS HENG 7,187,700 0.45
11 AMANAHRAYA TRUSTEES BERHAD
AMANAH SAHAM MALAYSIA 3
5,092,000 0.32
12 NUR ALIYAH BINTI ABDULLAH 5,030,000 0.31
13 CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT
DIMENSIONS GROUP INC
2,804,100 0.18
14 PUBLIC INVEST NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR MUHAMAD ALOYSIUS HENG (M)
2,593,440 0.16
15 CIMB GROUP NOMINEES (ASING) SDN BHD
EXEMPT AN FOR DBS BANK LTD (SFS)
2,576,000 0.16
16 AMANAHRAYA TRUSTEES BERHAD
AFFIN HWANG GROWTH FUND
1,959,100 0.12
17 AMANAHRAYA TRUSTEES BERHAD
AFFIN HWANG AIIMAN EQUITY FUND
1,868,300 0.12
18 HSBC NOMINEES (ASING) SDN BHD
BPSS SIN FOR THE FAR EAST VALUE MASTER FUND LIMITED
1,852,800 0.12
19 OH MUI HENG 1,737,000 0.11
20 AMANAHRAYA TRUSTEES BERHAD
AFFIN HWANG PRINCIPLED GROWTH FUND
1,551,500 0.10
21 CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND
1,498,200 0.09
22 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR BERNADETTE JEANNE DE SOUZA (003)
1,321,500 0.08
23 CHENG CHIN HENG 1,296,800 0.08
24 CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR DFA EMERGING MARKETS SMALL CAP SERIES
1,242,200 0.08
25 MAYBANK NOMINEES (TEMPATAN) SDN BHD
ETIQA FAMILY TAKAFUL BERHAD (DANA EKUITI)
1,220,000 0.08
26 ANG HEN HING 1,210,000 0.08
27 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD (F.TEMISLAMIC)
1,013,500 0.06
28 TEE AH LING 862,100 0.05
29 KENANGA NOMINEES (TEMPATAN) SDN BHD
RAKUTEN TRADE SDN BHD FOR ER ZHI LEE
799,700 0.05
30 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LIEW YOON PECK
765,000 0.05
TOTAL 1,477,268,490 92.33
more projects as the oil price rises like palm oil price. PRESS RELEASE
Kuala Lumpur, 23 July 2019
MHB Secures Kasawari Gas Development Project from PETRONAS Carigali Sdn Bhd
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB or Group) wishes to
announce that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd
(MMHE) has been awarded a contract from PETRONAS Carigali Sdn Bhd (PCSB) to
undertake the engineering, procurement, construction, installation and commissioning
(EPCIC) works for the Kasawari Gas Development project.
The EPCIC contract includes the construction of 47,000 tonnes of Central Processing Platform
(CPP), 8,600 tonnes of Wellhead Platform (WHP) and a Flare Structure, together with two
bridges linking the CPP to the WHP and the Flare Structure. The contract also involves the
transportation and installation of an 85-kilometres pipeline linking the Kasawari CPP to the
existing E11R-A platform.
Wan Mashitah Wan Abdullah Sani, Managing Director and Chief Executive Officer of MHB,
commented, “This award is a representation of continued trust in our capability in providing
offshore solutions and producing the desired results. Our aim is to deliver all projects
efficiently, without compromising on safety and quality”.
Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)
9 Sep 2020 · EIA forecasts monthly Brent spot prices will average $44/b during the fourth quarter of 2020 and rise to an average of $49/b in 2021 as oil ...
MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD Date of change15 Sep 2020NameMRS GLADYS LEONGAge59GenderFemaleNationalityMalaysiaDesignationIndependent DirectorDirectorateIndependent and Non ExecutiveType of changeAppointment
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Professional Qualification
Accountancy and Finance
Malaysian Institute of Certified Public Accountants (MICPA)
2
Professional Qualification
Accountancy and Finance
Malaysian Institute of Accountants (MIA)
Working experience and occupation1992 : Manager, Hanafiah Raslan
MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD Date of change15 Sep 2020NameENCIK WAN YUSOFF BIN WAN HAMATAge67GenderMaleNationalityMalaysiaDesignationIndependent DirectorDirectorateIndependent and Non ExecutiveType of changeAppointment
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Degree
Engineering Production
University of Birmingham, United Kingdom
2
Others
Engineering
Member of the Institute of Engineers, Malaysia
Working experience and occupation1. 1977 - 1978 : Project Engineer, PETRONAS 2. 1979 - 1983 : Deputy Project Director, Terengganu Refinery Project 3. 1984 - 1988 : Head of Engineering, Petrochemical Department, PETRONAS 4. 1989 - 1990 : Project Control Manager, PETRONAS Second Refinery 1, Melaka 5. 1991 - 1994 : JV (Conoco Phillips) Engineering Manager, PETRONAS Second Refinery 2, Melaka 6. 1995 - 1999 : JV (Mitsubishi Corp./Exxon Chemicals) Project Director, Aromatics Complex, Kerteh Terengganu 7. 1999 - 2004 : Managing Director and Chief Executive Officer of PETRONAS Penapisan (Terengganu) Sdn Bhd 8. 2004 - 2011 : Managing Director and Chief Executive Officer, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) 9. 2004 - 2011 : Managing Director and Chief Executive Officer, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) 10. 2011 - 2015 : Executive Project Director for Refinery and Petrochemical Integrated Development (RAPID) Project 11. 2015 - 2016 : Project Director for the Refinery and Naptha Complex, Rapid 12. 1999 - present : Director, UMP Holdings Sdn Bhd (a Subsidiary of University Malaysia Pahang)Directorships in public companies and listed issuers (if any)NILFamily relationship with any director and/or major shareholder of the listed issuerNILAny conflict of interests that he/she has with the listed issuerNILDetails of any interest in the securities of the listed issuer or its subsidiariesNIL
Its cash will be slowly depleted by further losses in next two quarters....soon cash cover will be below 30 cts and then 20 cts unless operation generate positive cash flow.
Arbitration award RM122 million ÷ total 1,600 million shares = RM0.07625 per share.
Yesterday 12/Nov closed at RM0.355 + RM0.076 = RM0.431. By simple adding up this shoild be the price. However, this share market does't calculate this way.
Need to let the market to so call "price in" and to dissolve into the value. Will take a bit of time.
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....
Davidl
1,816 posts
Posted by Davidl > 2020-08-12 11:53 | Report Abuse
Time to accumulate!