Last year, covid 19 caused mhb to experience rm100 million operational loss n impairment of rm300 million in the 2 quarter. The cost over run loss due to pandemic already captured. Tgis year 2021, should expect a better result moving forward, heavy engineering sector should post profit as well as the marine sector. Both should generate higher revenue n produce positive result in the 1st quarter of 2021. A turnaround without doubt for 2021 moving forward.
Each time mhb reported quarterly result, the big boy will hammer down, this time the magnitude is bigger. The reason is very obvious. Result of oil n gas stocks are already anticipated by the many. It should be a non event. As share price of Mhb already dropping before result is out. Share price is highly manipulated by the big boys. When so many negative comments here, the potential of mhb will be bright. Still need a bit of time before mhb shows convincing price escalation. Many interest on MHB lately. Future looks good. Oil n gas is on recovery phase, more activities but needs more time to produce results.
Fully agreed with you! MHB had secured BIG contracts, but the result is pathetic. Paid fat salary with no accountability. Sad What is MCIS and Petronas watchdog doing?
haha we look for future, might be better in coming qtr since so much projects are secured in this year and oil price maintain above 60usd, should getting more projects coming!!
Take private jer MHB ni. Market cap now 800 mil. Let say public own 40%. GO double current share price let say 1 rnggit cost 320 million. Mhb got 600 million cash. Still untung 280 million. Financial kedai kopi only.
haha we look for future, might be better in coming qtr since so much projects are secured in this year and oil price maintain above 60usd, should getting more projects coming!!
What is the use of securing more projects when MHB still bleeding huge losses. For your info MHB secured Kasawari contract amounting to RM2.5 billion in July 2019. After almost 2 years in the project, MHB is till bleeding huge losses. Sad
Mhb n Sapura energy suffered losses due to supply chain delay, shortage and extra cost of SOPs due to covid 19 pandemic. The quarantine cost n delay in hand over n deliveries of projects causes the loss. Higher shipping cost n material cost also impacted the bottom line. Mhb is negotiating with suppliers n subcons to mitigate this cost. Big boys are taking opportunity to whack down the share price to buy cheaper. Activities in oil n gas are gaining momentum.
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....
positiontrader
241 posts
Posted by positiontrader > 2021-04-19 18:37 | Report Abuse
First Quarter Report most likely not good
Second Quarter should be great
Need holding power
Cheers