Posted by soon9913 > 1 month ago | Report Abuse

ming can you share the arrival number also? normally siem reap is accounted for 30% of the arrival

Posted by ming > 1 month ago | Report Abuse

number of passengers got to wait July report. I only have the record for number of flights departures everyday.

So far the numbers of flights for Q2 are slightly higher compare the Q1.

**The siemp reap's number alrdy taken out for calculation.

Posted by uniteen > 1 month ago | Report Abuse

drop back below RM1. LOL

Posted by snake_eye > 1 month ago | Report Abuse

nice..

Posted by soon9913 > 1 month ago | Report Abuse

what happened? oil price is still high https://oilprice.com/

Posted by ming > 1 month ago | Report Abuse

Cambodia records over 2.5 mln air passengers in first 5 months: minister

But the figure include SiemReap airport~
https://www.khmertimeskh.com/501507812/cambodia-records-over-2-5-mln-air-passengers-in-first-5-months-minister/

Posted by lloydlim > 1 month ago | Report Abuse

Time to accumulate!

Posted by soon9913 > 1 month ago | Report Abuse

22% increase

Posted by soon9913 > 1 month ago | Report Abuse

Boss press down the price to collect more tickets..

Biz is Recovery quarter on quarter lo... Just hold until year end

Posted by ming > 1 month ago | Report Abuse

Im no sure boss collect or not la. They dont sell then im happy enough.. lol

But upcoming quarter result should good~

Previously im concern on construction segment.. but after AGM, management said ongoing 6 projects also profitable. Let’s see.

Posted by soon9913 > 1 month ago | Report Abuse

Hi Ming, can share more info about the AGM

Posted by ming > 1 month ago | Report Abuse

Crane - should improve q-q as previous quarter used to be weakest quarter.

Airport - should similar like Q1 even though not peak travel season but mitigate with few new routes during this quarter.

Posted by ming > 1 month ago | Report Abuse

The only uncertain is the construction segment.. now depends u wanna trust the management or not le.. haha.

Any contract during this period is the bonus ! So far this year no get any right?

But management mentioned tender book now 3bil; successful rate medium to high~

Posted by soon9913 > 1 month ago | Report Abuse

Buy more then.. All segments are positive!!

Posted by Qwertyuiop > 1 month ago | Report Abuse

I dont see any reason for this gem to drop, but operators flushing out the weak holders.

Posted by uniteen > 1 month ago | Report Abuse

even i as a weak holder have been holding for 4 years already. ROFL. not sure what else operators can do to flush weaklings out.

Posted by snake_eye > 1 month ago | Report Abuse

i anticipate the price will be moving in 0.85-0.99 range for june and july unless there is big announcement..

Posted by ming > 1 month ago | Report Abuse

first 6 months tak dapat contract~ mean next 6 months higher chance lo..

BUY~ xD

Posted by soon9913 > 1 month ago | Report Abuse

muhibbah has huge contracts on hands if not mistaken is rm2bil enough for next 2 years at least...

Posted by soon9913 > 1 month ago | Report Abuse

what they need to focus is the profitability of the deliveries..

Posted by soon9913 > 1 month ago | Report Abuse

Malaysia will have many contracts award soon la.. MRT, LRT, Penang LRT, railway, RTS, Penang airport extension and etc

Posted by ming > 1 month ago | Report Abuse

and Westport expansion plan..

quarter result too slow~ need more contracts to boost up the share price faster !!

Posted by lloydlim > 1 month ago | Report Abuse

Time to accumulate guys!

Posted by Bettyem > 1 month ago | Report Abuse

最好不要接住掉落的刀！鲨鱼正在等待抛出他们的股票?

Posted by ming > 1 month ago | Report Abuse

new route: KUL to SIHANOUKVILLE
亚洲航空（ Air Asia）将于今年7月开通马来西亚吉隆坡直飞西港航班
https://www.jianhuadaily.com/20240621/243150

Posted by Qwertyuiop > 1 month ago | Report Abuse

都没什么炒到鲨鱼就要出票？若是这样这种垃圾鲨鱼可以打包回家了，它们的票我慢慢吃

Posted by snake_eye > 1 month ago | Report Abuse

the announcement coming?

Posted by soon9913 > 1 month ago | Report Abuse

It is obviously shark pull down the price and buy more

Posted by Tanleechoo > 4 weeks ago | Report Abuse

HiHi shark also push up the price n sell more .. we like to find a reason to match our what we think..

Posted by soon9913 > 3 weeks ago | Report Abuse

when will Petronas announce contract award?

Posted by lloydlim > 2 weeks ago | Report Abuse

Price correction is about to finish, looking forward to trade at above 1.20 soon.

Posted by shichini72 > 2 weeks ago | Report Abuse

Muhibah to the moon 🚀

Posted by snake_eye > 2 weeks ago | Report Abuse

in your dream

Posted by snake_eye > 2 weeks ago | Report Abuse

muhibbah at least will get small cake on penang airport project.

Posted by abcb > 1 week ago | Report Abuse

Good news to be announced soon

Posted by abcb > 1 week ago | Report Abuse

Will gap up today ,TP1.20

Posted by abcb > 1 week ago | Report Abuse

Will rebound soon

Posted by abcb > 1 week ago | Report Abuse

Possibility to announce for new contract soon

Posted by abcb > 1 week ago | Report Abuse

Accumulate below 1.00

Posted by ValueMaker > 1 week ago | Report Abuse

Aiyoyo~

O&G - banyak job to award
Construction - banyak job to award
Airport - on track recovering

Ooi keng thye’s another counter - NOVAMSC dah goreng up. He is second largest shareholder of Muhibah leh.

Tunggu apa lagi ni !!

Posted by speakup > 1 week ago | Report Abuse

Aduh!

Posted by laulau > 6 days ago | Report Abuse

The Case For Muhibbah! Exiting Penny Stock Status Soon!

Accumulate on any Weakness! Once Muhibbah exits Penny Stock Status, Muhibbah will be re-rated with more Foreign & Institutional Fund Buyers, soft target 1.25 with TP 1.34!

1Q24 results met expectations Bloomberg: MUHI
● Muhibbah delivered a 1Q24 core net profit of RM5.9m (vs. RM0.5m in 1Q22) which was Market cap: US$153.3m within expectations at 12%/11% of our/Bloomberg consensus’s full-year net profits RM721.2m
We expect earnings momentum to pick up in the coming quarters as it progressively Average daily turnover: US$0.50m recognises its RM2bn orderbook (as at May 24).
● The key 1Q24 highlight was associate profit contribution of RM13.4m (+32% yoy) Current shares o/s 727.0m coming largely from its Cambodia airport concession. This is commendable as 1Q23 Free float: 73.3% had included the Siem Reap airport concession that was surrendered back to the Cambodian government in Oct 23. Its 1Q24 passenger arrivals for the Phnom Penh airport concession (PP) and Silhanoukville airport rose 23% yoy to 1.2m, with China passengers making up 22% of the total in 1Q24 (vs. 15% in 1Q23).
● Its construction division posted an RM8.7m pretax profit in 1Q24 (vs. RM5m in 1Q23). Pretax profit for its crane business in 1Q24 rose 30% yoy to RM19m. Of its RM2bn orderbook, RM1.3bn is from construction and RM0.7bn from cranes. Favelle Favco (FF) announced contract wins of RM39m in May 24, which is a combination of tower and offshore cranes. In late-May 24, FF also announced it has entered into an agreement with an Australian developer to build two 14,000 sqm logistic warehouses on its 46,840 sqm land in Sydney, which should boost recurring income once completed in FY26F.
Light at the end of the tunnel for PP scenario?
● We had highlighted in our 2 May report (link) that its PP will likely see a favourable outcome, even though a new international airport for Phnom Penh, known as Techo International Airport, located in Kandal, is currently under construction and scheduled to start operations in 1H25F, according to Cambodia’s State Secretariat of Civil Aviation (SSCA). We believe Techo International Airport will replace the current Phnom Penh International Airport that is operated by Muhibbah.
● Muhibbah said negotiations with the authorities are progressing well and it will likely receive compensation for the loss of its existing operations of PP (likely at BV) and be engaged to operate the new airport at Kandal. This is because the new airport is being built by a JV between SSCA and the Overseas Cambodia Investment Corporation Price (OCIC), both of whom do not have the expertise to run an airport. An article in the Khmer Absolute Times published in Mar 24 also stated that a favourable result for all parties is expected, based on the government’s win-win policy, but details are sparse presently. Reiterate Add and TP of RM1.34
● We like Muhibbah as a proxy for a recovery in tourist arrivals with its Cambodian airport concessions, while its marine expertise and Petronas fabrication licence should enable it to clinch more Petronas jobs, in our view. Key downside risks are patchy execution track record and higher raw material costs. Re-rating catalysts include better earnings delivery and stronger tourist arrivals in Cambodia.

Posted by laulau > 5 days ago | Report Abuse

Morning Friends & Gentlemen! Breakout coming soon once the small block at 0.995 is broken with a Bullish Bursa! Soft target 1.25 with TP 1.34! Accumulate on any weakness!
https://www.cnbc.com/2024/07/15/stock-market-today-live-updates.html

Posted by laulau > 5 days ago | Report Abuse

The Block @0.995 already broken! Once Muhibbah exits Penny Stock Status! More Institutional & Foreign Funds will be Buy! More upside coming!

The Edge

KUALA LUMPUR (July 17): Hong Leong Investment Bank (HLIB) Research maintained its 'overweight' rating of the construction sector, and said domestic contract awards jumped 41% year-on-year to RM20.7 billion in the first half of the year (1H2024), driven by data centre (DC) awards.

In a sector update on Wednesday, the research house foresees potential for awards acceleration in 2H2024, driven by long delayed big-ticket infrastructure projects.

It said positive sector sentiment could also come from the finalisation of the Johor-Singapore Special Economic Zone and Budget 2025, as well as structural DC and Johor reinvigoration themes.
https://theedgemalaysia.com/node/719288

Posted by ming > 5 days ago | Report Abuse

Cambodia Airports Passengers Traffic (exclude Siem Reap Airport):

1H24: +18% Y-Y (Jan-Jun)


2023 Full year: 4.031mil passengers

2022 Full year: 2.010mil passengers 


Posted by ming > 5 days ago | Report Abuse

越南航空公司计划于今年10月27日起开通河内-金边直飞航班。每周一、周三、周五和周日运营四趟往返航。New routes~
https://www.jianhuadaily.com/20240716/247428

Posted by laulau > 5 days ago | Report Abuse

Last chance to accumulate cheap before the next run-up!
https://www.nst.com.my/business/corporate/2024/07/1077687/bursa-malaysia-closes-midday-more-3-year-high-investors-run

Posted by laulau > 4 days ago | Report Abuse

Morning Friends & Gentlemen!
With a Bullish Bursa & Dow Jones at Record High, Analysts Recommends a Strong Buy For Muhibbah! Accumulate on any Weakness & let's break the small block at RM1.01!

According to analysts, MUHIBAH price target is 1.27 MYR with a max estimate of 1.34 MYR and a min estimate of 1.20 MYR. Watch MUHIBBAH ENGINEERING (M) BHD stock price chart and keep track of the current situation with MUHIBAH news and stock market news.
https://www.tradingview.com/symbols/MYX-MUHIBAH/forecast/

Posted by ming > 1 day ago | Report Abuse

So far the airport traffic is not impact by the IT crisis.. the daily arrival/departure flights still around the average number as website show.. except small number delay for few hours

Posted by ValueMaker > 23 hours ago | Report Abuse

Muhibah's share price hit RM 1.10 on 13th June which is the highest level since Mar 2021.

Subsequently the price has fall sharply to lowest RM 0.925 (-15.9%) in the following week.

Coincidently, the website showing the number of daily arrival flights in Phnom Penh airport also start dropping since the same week.
(big players also refer the same data ?)

Here are some figures for comparison:

23Q4: average 341 arrival flights per week
24Q1: average 356 arrival flights per week (still improving compare Q-Q)
1st Apr - 16th Jun: average 359 arrival flights per week (still improving compare Q1)
BUT then~
17th Jun - 23th Jun (the week after share price hit new high): total 343 arrival flights during the week (start falling)
24th Jun - 30th Jun: total 331 arrival flights during the week (lowest in 2024)

** The share price's movement is highly correlative with the airports' traffic~

Thankfully, the flights number has start rebound (back to average) since beginning of July as:

1st Jul - 7th Jul: total 360 arrival flights during the week
8th Jul - 14th Jul: total 352 arrival flights during the week
15th Jul - 21th Jul: total 365 arrival flights during the week

Hopefully the share price may rebound in tandem with the traffic soon~



** Please take note, the Cambodia's toruist low season used to happen during Q2 & Q3 v.s peak season during Q1 & Q4 !
** If the low season can maintain such number of flights, then Q4 figure will be much much better !!