MUHIBBAH ENGINEERING (M) BHD

KLSE (MYR): MUHIBAH (5703)

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Last Price

0.85

Today's Change

-0.005 (0.58%)

Day's Change

0.835 - 0.85

Trading Volume

453,300


16 people like this.

3,673 comment(s). Last comment by curiousq 9 hours ago

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-03-28 15:04 | Report Abuse

Buy 2 ringgit ... Cut loss 70 cents


Aiyooooo ammaaaa appaaaab

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-03-28 15:05 | Report Abuse

RIP

Lucky81

495 posts

Posted by Lucky81 > 2020-03-28 15:33 | Report Abuse

why currently no idss, less margin call? should let them in so that some big boss/shark will feel the pain.

apolloang

18,163 posts

Posted by apolloang > 2020-03-30 10:28 | Report Abuse

why new low? why dayang no follow u dieyoung? hehe

uptrending

1,852 posts

Posted by uptrending > 2020-04-01 08:52 | Report Abuse

Lots of Cash in the associate company, SCA, Cambodia Airport, the book carrying value for the 21% stake is RM 663 millions.

Still lots of money on the table from the Airport Concession, minimum till 2023 for Phnom Penh Airport and Siam Reap Airport, not yet taken in any compensation if the concession is terminated prematurely before 2040, whereas the Sihanoukville Airport concession is till 2040..

Sonnykwaeh

770 posts

Posted by Sonnykwaeh > 2020-04-01 08:56 | Report Abuse

Dsonic (5216) SELL will drop at lease 10%

uptrending

1,852 posts

Posted by uptrending > 2020-04-01 08:57 | Report Abuse

Sorry the carrying value of the associates, mainly SCA is rm688 millions.

stainlyho37

2,275 posts

Posted by stainlyho37 > 2020-04-01 10:39 | Report Abuse

ok..trigger buy back now....

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-01 10:47 | Report Abuse

I already started slowly slowly accumulating last week lorr...

Kekeke...kekeke......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-01 11:14 | Report Abuse

人的一生有多少个22年.......

uptrending

1,852 posts

Posted by uptrending > 2020-04-01 12:42 | Report Abuse

The major seller has balance of about 30 million shares,@80 cent, the block is only about rm24 millions.

It could happen that another fund enter into an off market deal with it and lift off the selling pressure then.

Then, there would be a panic buy for this stock, otherwise the selling could persist till the end of the month which is considered short, and it offer an opportunity for us to accumulate cheap.

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-01 13:16 | Report Abuse

人的一生有多少个22年......

那些年又怕过又错过........

这些年又敢做又没试过......

还要等什么 !!!!!!!!!!!!!

uptrending

1,852 posts

Posted by uptrending > 2020-04-01 13:40 | Report Abuse

Once the block was taken out via OMD, the share price will rise vertically.

Thus will miss the rocket, not boat.. :)

Posted by Benny2020 > 2020-04-01 18:01 | Report Abuse

WHY Tabung Haji & FIL selling share at this price??
Any idea ?

uptrending

1,852 posts

Posted by uptrending > 2020-04-01 18:49 | Report Abuse

There are also reasons why FIL bought at rm2+ just few months ago..

Fund mangers buy when they have inflows of funds and sell when they have outflows when their clients redeem or they restructure portfolio. Times like this is very much due to redemption esp now there are lots of ETF rather than restructuring.

The value is there for Muhibbah. The past few years' profits in SCA still sit there. Muhibah's portion of the profit is about rm150m per annum and it received rm 50m dividend. SCA is definitely cash rich.

When things get back to normal, SCA will be profitable again, at least will contribute till 2023 for another 3 years.

The Muhibbah's worth in its 21% associates SCA is around rm1. 50

Posted by Fabien "The Efficient Capital Allocater" > 2020-04-01 18:59 | Report Abuse

Favell Favco market cap (417mil) is above Muhibah's RM366mil

Does it make sense to you?

Unless the market is implying a significant erosion in value from their airport concessions, infrastructure, construction businesses

RainT

8,448 posts

Posted by RainT > 2020-04-01 19:24 | Report Abuse

ngon ......

uptrending

1,852 posts

Posted by uptrending > 2020-04-01 20:28 | Report Abuse

Brown Bro Harriman is a private investment fund manager for high net worth individuals. The sellings may not for the whole block, about 31 million left as of 27th March 2020.. Certain individuals were selling from the fund, probably. The selling from FIL may have abated and the price did rebound from the low of 72 to 80.5 yesterday and this morning and retraced to close at 75.5 due to fall of Dow Future

Retailer investors panicked when Tabung Haji and FIL announced they were selling, exacerbated the selling pressure. Now that I know FIL comprises many individual investors and not all would sell, I believe.

https://www.bbh.com/en-us/private-banking/private-wealth-management

uptrending

1,852 posts

Posted by uptrending > 2020-04-02 09:39 | Report Abuse

I calculated the amount of profit, just Muhibbah's portion of 21%, retained in SCA (Cambodia Airport), which is the profit attuibuted by the associate less dividend received, from 2011 to 2019. The amount is a whopping rm431million.

This amount is more than the present company Market Cap of rm 376million.. Haha

uptrending

1,852 posts

Posted by uptrending > 2020-04-02 09:48 | Report Abuse

The Cambodia Airport Concession at least, can last till 2023, another 3 years, estimated can bring in profit contribution to Muhibbah for Rm300 million, rm100 million a year average from 2021..

Then there is compensation..

Wow.. Don't want to count already...

Not yet taking in its 59% subsidiary in Favco..

The share price is just crazy..

Posted by Benny2020 > 2020-04-02 12:18 | Report Abuse

Also why the owner Mr Mac and Director Ooi not buy the share in open market ? Also, the all directors much share , ? less that 25%?? WHY ?

amet2017

3,150 posts

Posted by amet2017 > 2020-04-02 12:25 | Report Abuse

Why why why.. Kikiki

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-04-02 13:01 | Report Abuse

ameettttttttttt


main ini muhibbah ka ?

amet2017

3,150 posts

Posted by amet2017 > 2020-04-02 13:44 | Report Abuse

Aiyo kaq ini muhibbah tak ble main punya. Susah mau naik la. Mau kasik urut lebih. Kikiki

uptrending

1,852 posts

Posted by uptrending > 2020-04-02 15:06 | Report Abuse

Sudah mari...
Mari mari..

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-02 15:27 | Report Abuse

Now is your turn...

Don't let me depress....kekeke........

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-04-02 15:28 | Report Abuse

Ini asal 2 ringgit +

Posted by chokichoki > 2020-04-02 15:50 | Report Abuse

asking advice from sifus here...is it too late to join the party?

Lucky81

495 posts

Posted by Lucky81 > 2020-04-02 15:56 | Report Abuse

tq puak puak goreng

amet2017

3,150 posts

Posted by amet2017 > 2020-04-02 16:02 | Report Abuse

Muhibah canteek

RainT

8,448 posts

Posted by RainT > 2020-04-02 16:32 | Report Abuse

wah

1 day up 21 %

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-02 16:55 | Report Abuse

Today sold 1/3 holdings 1st....

The rest still keeping for long term (subject to market conditions)....kekeke..kekeke....

uptrending

1,852 posts

Posted by uptrending > 2020-04-02 16:58 | Report Abuse

An established fund manager rated this stock BUY below rm2.50, rating as latest as last week, maintained the rating since early 2019

Not like all those IBs, TP moves according to market share price..

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-02 17:00 | Report Abuse

For those value company....

I always like to keep some for long term....

I also like to bet short term trading for curi curi makan suap....


wakakaka.....wakakaka......

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-02 17:02 | Report Abuse

In fact I started to accumulating since last week when ding dong range 70sen ++.....

Seem like not many players prefer this counter.....

wakaka....wakaka...wakaka.....

uptrending

1,852 posts

Posted by uptrending > 2020-04-02 17:07 | Report Abuse

Evaluating the associate which probably carries a lot of net cash, IBs valuation with SOP, gives a discount of 50%. Cash holding also discounted 50%?

Posted by Fabien "The Efficient Capital Allocater" > 2020-04-02 18:10 | Report Abuse

good show today

20% in a day

Keyman188

5,968 posts

Posted by Keyman188 > 2020-04-02 18:37 | Report Abuse

Aiyo....20% recober where got balance again valuable company!!!....

Most of the funds already incurred loss lorr if this current pricing...


kekeke...

Lucky81

495 posts

Posted by Lucky81 > 2020-04-03 11:25 | Report Abuse

who chase high yesterday ? hangus hari ini.

signalmw

3,314 posts

Posted by signalmw > 2020-04-03 11:28 | Report Abuse

Pump full tank for u car today. Tommorrow up few sen

Jnlee

305 posts

Posted by Jnlee > 2020-04-03 12:04 | Report Abuse

Yesterday who chased, kapuk

Trouble Huat

1,199 posts

Posted by Trouble Huat > 2020-04-03 17:00 | Report Abuse

just entered at 0.86. hehe

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-04-03 17:25 | Report Abuse

Aiyaaaa ini muhibah berapa boleh kasi

amet2017

3,150 posts

Posted by amet2017 > 2020-04-04 07:09 | Report Abuse

Aiya ala butut ka? Itu net profit tulis dalam qr tipu saja ka?

Ahleong98

44 posts

Posted by Ahleong98 > 2020-04-04 10:19 | Report Abuse

Mon fly

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-04-04 21:43 | Report Abuse

next month short selling masuk kerja

Lucky81

495 posts

Posted by Lucky81 > 2020-04-04 22:18 | Report Abuse

doomsday

Ahleong98

44 posts

Posted by Ahleong98 > 2020-04-06 21:05 | Report Abuse

Tmr huat

KAQ4468

21,497 posts

Posted by KAQ4468 > 2020-04-06 21:39 | Report Abuse

Aiyaaaa Ammaaa appaaaa

Up 1 cent only

Posted by ladybird517 > 2020-04-06 22:23 | Report Abuse

2.91+0.72/3=1.21
Get in fast don’t missed the boat..

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