Posted by thokokkuan > 2011-04-23 16:03 | Report Abuse

this stock should at least 2.00

Posted by edwardswee > 2011-05-10 23:02 | Report Abuse

r u sure

Posted by fanfrancis > 2011-05-12 14:10 | Report Abuse

It is holding b4 exploding upwards... just watch

Posted by hiue_1981 > 2011-05-15 21:14 | Report Abuse

any latest news bring its to explode??

Posted by eizmirr > 2011-05-16 12:16 | Report Abuse

Very much related to marginal oilfield activities

Posted by eewernsim > 2011-05-16 14:29 | Report Abuse

when will the news be out??

Posted by eizmirr > 2011-05-16 17:10 | Report Abuse

dont' wait for the news...

Posted by hugosim > 2011-05-19 23:50 | Report Abuse

at least RM 2.50 wait n seelah

Posted by spliau > 2011-05-24 22:59 | Report Abuse

How long should we wait?

Posted by airasia > 2011-06-16 17:49 | Report Abuse

with Debts/Equity closing to 1.2 times, still positive to reach RM2.5?

Posted by valueinvestor > 2011-06-17 08:11 | Report Abuse

why invest hard earned monies in big plc whose balance sheets are too big to be analysed correctly or even many research houses and audit firms may not or do not bother or do not know how to ascertain the quality of their huge receivables and other assets in the balance sheet like Muhibbah?

Wouldn't their bankers now start thinking whether the 'umbrellas' can still be extended? Besides profit, how about the cash flow for next 12 months? Hence, more uncertainties can be delevoped from on onwards.

It will be safer to invest in companies like Mitrajaya or Ken Holding which have lesser receivables or collection risk although they are smaller outfits. Their balance sheets are much smaller but the quality of their assets can be analysed or ascertained more correctly ourselves.

'Small can be beautiful and safe' :-)

Posted by William Huang > 2011-06-17 12:18 | Report Abuse

Agree with the points on the risks of GLCs balance sheets which may not be transparent at times.

However, gov related companies do have the advantage in stock price stability as they are usually in the portfolios of government investment arms like EPF, LTH and PNB. The price will be relatively stable unless the government start selling.

Posted by Ad Edward > 2011-07-11 17:08 | Report Abuse

this stock kanasai nee...

Posted by marianyong > 2011-07-11 19:39 | Report Abuse

i agree

Posted by sonnahar > 2012-02-02 10:22 | Report Abuse

What's up with this counter? Going up steadily

Posted by mrkas > 2012-02-02 22:39 | Report Abuse

expected to win contract for MRT soon, then it'll fly like ijm..

Posted by yazid7655 > 2012-06-27 11:41 | Report Abuse

fall back....

Posted by stockpile > 2012-06-27 20:49 | Report Abuse

i'm holding 100 lots of muhibbah, just wondering if any experts can tell me whether it's still worth holding on to it? thanks

Posted by Winston Paul > 2012-06-27 21:07 | Report Abuse

target price 90 sens

Posted by kcfan > 2012-06-27 22:49 | Report Abuse

CIMB International (CIMB, 1023, motherboard financial shares) to exit the reorganization plan of the Asian oil (APH) project support, market participants worry that Muhibbah (MUHIBAH, 5703, construction stocks) will need fully provided for, and likely to fall into a loss situation. Under the impact of the negative news, Muhibbah the face of strong selling pressure Wednesday, fell 18 cents, or 15 percent throughout the day, the joint subsidiary - Fai high (FAVCO, 7229, motherboard industrial shares) shares also fell to 3.774 %

Posted by danielttoob > 2012-06-28 07:38 | Report Abuse

Sentiment drop, will recover

Posted by ondeonde > 2012-06-30 17:02 | Report Abuse

helpppp...stop 1.02...hehe

Posted by danielttoob > 2012-07-03 00:46 | Report Abuse

Vroom tomorrow

Posted by uncle joy > 2012-07-03 19:38 | Report Abuse

tunggu panas enjin... boleh terbang naik 1.20

Posted by fauzyrusdeny > 2012-07-05 21:53 | Report Abuse

boleh ker...mcm lambat lg jer..

Posted by necro > 2012-07-10 19:08 | Report Abuse

10 CENTS DIVIDEN EX 13JULY

Posted by Mat Cendana > 2012-07-11 00:17 | Report Abuse

10 sen? I think it's only 5 and there's a 25% tax. By the way, when it comes to the ex-date (Friday 13/7 in Muhibbah's case): is this the last day to buy (meaning until end of trading session at 5PM) or that one is too late when this date arrives?

Posted by necro > 2012-07-12 00:14 | Report Abuse

YA LAA Kawan 25% gov tax...perhaps 7.5cents,until 13 i guests,u thinking on buying????...
hmmm...hopefully Muhibah win against it suit over APC...

Posted by Mat Cendana > 2012-07-12 13:56 | Report Abuse

"Thinking" to buy - definitely. But, as usual, it's the timing and price. CIMB withdrawing from the APC thing was really `leceh' - Muhibbah would have gotten the RM300 million owed by APC and everything would have been fine. Now it remains as a bad debt in Muhibbah's accounts... and 300 million is BIG.

The good thing is that Muhibbah is a secured creditor, and the APC project could be revived. Have to wait and see. There's some risk in buying right now - the price might slide after the dividend ex-date. If it's less than 5 sen, than that's okay because one will be even. But what if it's more? Have to consider the risk. Whatever, Muhibbah looks likely to shoot up if there's some good news about APC.

Posted by kcfan > 2012-07-13 23:58 | Report Abuse

Muhibbah Engineering To Bid For More Australia’s Gorgon Deals
Muhibbah Engineering (M) plans to bid for sub-contracting works for the A$43 billion (RM136.7 billion) Gorgon LNG jetty and marine structure project in Australia. In early 2011, the engineering and construction group has won two contracts for the project. It won a RM40 million contract in March 2010, and the second job, valued at RM150 million. The contracts encompass the pre-assembly of heavy lifting facility and tug pen breakwater caissons and preparation of shipping barges for the project. In addition, Muhibbah Engineering was awarded a RM1.05 billion contract in December 2011 to construct the approach jetty and ship berth in Queensland, Australia

Significance: As at 25 May 2012, Muhibbah Engineering had an outstanding orderbook of RM2.96 billion, comprising RM2.16 billion from infrastructure construction, RM702 million from cranes and RM95 million from shipyard. This will last until 2014 and support its earnings going forward.

Remark:I will consider to start collect this counter.(I likes waterfall counter).Cheers

Posted by fauzyrusdeny > 2012-07-14 00:16 | Report Abuse

I followwwwwwwww...

Posted by franksoweto > 2012-07-14 01:30 | Report Abuse

@Mat Cendana - If I'm not mistaken Muhibah is NOT a secured creditor. They subcontracted from the main contractor ZAK and Muhibah has filed a suit to recover the millions owed. The issue no wants want to take over the project is because of the title of the land which I believe that belongs to the Gov and they did not issue a title for 99 years lease so no one wants to invest on no man's land.The auditor PWC is trying to auction off part of the deal and this is not good for either Muhibah or ZAK. Still Muhibah got good orderbook but they might have to write off the debts which is slightly above 200 millions in 4Q.

Posted by dknycom > 2012-07-14 12:27 | Report Abuse

muhibbah still can enter?

Posted by igain88 > 2012-07-15 13:15 | Report Abuse

If we like to gamble , why not have a try !

Posted by ondeonde > 2012-07-17 21:59 | Report Abuse

gamble tetap gamble...

Posted by Mat Cendana > 2012-07-18 15:41 | Report Abuse

franksoweto: Thanks for the info. I'm mistaken then about Muhibbah being a secured creditor. This makes it even worse, of course, since a suit will only be useful if the debtor actually has assets. But I agree about it having a good orderbook - perhaps this could somewhat offset the APC drag? I believe all the negative news have already been factored in the current price and any form of good news will see a surge in its price.

I intend to buy but this will have to wait until the technical readings look better. Right now the price is slipping, albeit slowly.

Posted by fauzyrusdeny > 2012-07-18 23:50 | Report Abuse

wait...wait...still not stabel..

Posted by franksoweto > 2012-07-19 00:19 | Report Abuse

No worries Mat:) I had Muhibbah for a looong time but finally dispose all when CIMB pulled out of the deal.Anyway they got good orders and recurring income from the cambodia concession.The problem is with GE near and they still have not write down the APH fiasco yet, I'm worried that there is still room to fall but then again if they manage to solve APH issue ( they have a pending lawsuit against them - but you know how long this takes )it will bounce up definitely. meanwhile, I'm looking at Muhibah associate - Favelle Favco - thinly traded - and a little affected by Muhibah problem but worth watching.Good luck :)

Posted by necro > 2012-07-20 14:41 | Report Abuse

I FOLLOW!!!!

Posted by Eric29 > 2012-07-24 22:32 | Report Abuse

Keep on drop only

Posted by kcfan > 2012-07-24 22:43 | Report Abuse

I like waterfall stockS.Wait and collect if right sentiment signal turn "ON".

Posted by necro > 2012-07-25 18:17 | Report Abuse

wowowo!!!!they buy before 0.90!!!like!!!
IN IN!!

Posted by necro > 2012-07-25 18:17 | Report Abuse

BESOK HIJAU!!!0.95

Posted by bigyellow > 2012-07-25 21:23 | Report Abuse

look like a long way to go before shoot up higher..

Posted by kcfan > 2012-07-25 22:21 | Report Abuse

Muhibbah program to enhance oil and gas field operations in the ASEAN region to improve the Group's recurrent revenue.
"Business Times" quoted Muhibbah business development director Mai (transliteration) pointed out, the Group is seeking oil and gas fields of engineering management contracts, in order to reduce dependence on the construction business.

As of 2011, Group profit before tax and turnover were recorded in the 100 million 14.93 million ringgit and 19 million to 60 million ringgit, most of the revenue (order value of about 3.1 billion euros) from the infrastructure project contracting.

Mai said that the most important reasons to strengthen the oil and gas business in the field of currency earn rate fluctuations of the field of architecture and building materials prices.
It is reported that Muhibbah have been identified to associate with an international company to bid for a small oil field development plan for the national oil company (Petronas).

In addition, the Group is also interested in investment in Johor, refining and petrochemical complex development plans, as well as Sabah oil and gas under the terminal, pipeline, oil power generation capacity and regasification plant engineering.

Posted by necro > 2012-08-02 00:49 | Report Abuse

DO YOU KNOW THAT TODAY STAR BIZ COLUMN...
RAM RATINGS HAS RECONFIRM BACK ON ISLAMIC BOND OF MUHIBAH ENGNEERING TO AAA(S)...
DUE TO STRONG BOOK TO BILL RATIO...
and for more elaboration see KCFAN article...

Posted by franksoweto > 2012-08-02 00:52 | Report Abuse

still too much risk for me as they might write down on aph soon though the price is pretty attractive. Just my 1/2 cents!

Posted by necro > 2012-08-05 00:01 | Report Abuse

hahahhahaha...watch joo ok..

Posted by necro > 2012-08-05 00:02 | Report Abuse

dah nak naik 30rsi tu kawan..

Posted by necro > 2012-08-06 11:49 | Report Abuse

0.94 new support after .925 if close today at .94.....CIMB Whos downgrade to TRADING SELL NOW HAS putt HOLD call on MUHIBAH...