PBB remisier Ms Yeong, the i-don't-trust-the-mkt-and-don't-believe-in-dividends queen who followed me to buy @ 48.5c last yr sold all @ 60c...bang even harder LOLLLzzz
Even bankrupt Sapura Energy can have a mkt cap of 900 mil when its profit last qtr was barely over 10 mil. MHB is cash rich, net cash & already busy working until at least 2026. Something is absurdly wrong with a mkt that gives it a value of only 1.2 bil.
With the recent secured contracts Kasawari Carbon Capture & Storage Contract - RM4.5Billion JDA Field Development Contract - RM 1.4Billion The earlier Kasawari RM2.5Billion and Jerun Development Project RM1.0Billion near completion (Bulk of the earning is back-loaded) Fundamentally it is bullish
Furthermore the last four quarters were positives Going forward, expects more positive earnings Technically it is still bullish. It is just undergoing a technical correction The correct strategy is accumulates on any market dips and hold for long term (minimum 1 year period)
One more good news The current Unity Government is strongly against corruption As such, it is difficult for corrupt politicians stealing from MHB cookie jars
hi. Anyone can explain why the heavy engineering segment always report losses. The last time they make profit was 2014/15 period. And it always contributes ca.80% of revenue
I read the recent financial reports & realise that MHB actually benefits from the US$ rising agst the RM (47mil for every 10% increase in the US$)...the more they increase their foreign footprint, the more this benefit will accrue.
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
1,675 posts
Posted by Davidl > 1 month ago | Report Abuse
Empire strikes back! Looking forward to break new high!