Posted by Bgt 9963 > 2021-08-08 10:36 |

Post removed.Why?

Posted by Kopi O > 2021-09-02 11:29 | Report Abuse

QR?

Posted by Airbond916 > 2021-09-11 16:41 | Report Abuse

I have some working experience in banking facilities and as a long term shareholders of Muhibbah, perhaps I could share some of my knowledge on BA with Nur.

Many bankers do approve holding company’s banking facilities could be utilised by their subsidiaries for ease of administration. Therefore, the holding Co ‘s BA can fund the whole group working capital requirement.

Based on audited accounts, you could work out that there is no overdrawn of BA as the year end outstanding BA @RM600 m is well within the working capital requirement of the group. Take note that there is actually net repayment of BA in year 2020, as whole year repayment of BA was more than total amount drawdown.

For BA financing purpose, documents are required to substantiate and describe the nature of the trade transactions in format required by bankers, which could varies from bank to bank. It is also compulsory for all bankers to confirm the amount of all banking facilities outstanding ( including BA ) to the Company ‘s external auditors in every annual audit . So there is strong evidence that there is no understatement of liabilities in this aspect.

As shareholders, am really appreciate and thankful to the directors and managements’ efforts to pursue BA financing as BA interest rate is lower by 1.5 % to 3 % as compared to other financing products such as revolving credits and overdrafts. Therefore, you shall realize that - in contrast to the loss as alleged by you, there is saving of many millions of interest costs to Muhibbah over the years instead .

Posted by Bgt 9963 > 2021-09-11 18:00 | Report Abuse

Salted fish comes alive..

Posted by alan55 > 2021-09-24 11:39 | Report Abuse

Even BNM auditors acknowledged that it is extremely challenging for banks to verify or authenticate local trade financing via BA instrument. Kiting for cheap financing and roll over of financing is not uncommon. So long as the "music" has not stopped, everybody is happy, but the real risks is when the music stops, some bankers will be ended up without a chair (the unsecured ones). Even for BA to finance purchases and you said funds are routed to the "Suppliers", there are ways to verify but I shall keep this as my secret for now.
Let us be honest, how many lenders and trade finance personnel at banks know how to "smell out fraudulent trade financing transactions?
I will be pleased to offer my 2 cents worth sharing for those willing to pay.

Posted by soon9913 > 2021-09-27 23:32 | Report Abuse

result still not out? record profit?? +

Posted by Keyman188 > 2021-09-28 00:23 | Report Abuse

This stock is one of the Keyman188 darling stuff...

Still monitoring further revamp plan or improvement on the upcoming financial performance...

Right now Keyman188 zero holding until this few days going to announce quarterly performance 1st...




Posted by Keyman188 > Mar 31, 2021 9:15 AM | Report Abuse 

Keyman188 already earned handsome profit about 115% for the past 12 months with up & down few rounds...

But unfortunately until now, management hasn't yet to revamp losses quarter by quarter...

Posted by Davidl > 2021-09-30 23:30 | Report Abuse

QR is acceptable but more patience needed to hold

Posted by fregend > 2021-10-01 10:39 | Report Abuse

Air Asia QR negative also goreng haha

Posted by valueplayer > 2021-10-01 14:01 |

Post removed.Why?

Posted by soon9913 > 2021-10-01 23:32 | Report Abuse

https://www.klsescreener.com/v2/news/view/888245

Posted by Predictor942 > 2021-10-02 13:00 | Report Abuse

gg qr gg prospect

Posted by Predictor942 > 2021-10-02 13:00 | Report Abuse

gameover sad

Posted by Bgt 9963 > 2021-10-02 15:02 | Report Abuse

Soon will be like KNM...

Posted by Karma4444 > 2021-10-02 16:51 | Report Abuse

muhibbah faster give dividen

Posted by Luckyboy88 > 2021-10-03 14:33 | Report Abuse

Agree, those listening to CGS-CIMB sleepy analysis selling cheap will curse KNM (Kan Ni Ma) everyday.

CGS Quote : Reduce” rating on Muhibbah Engineering (M) Bhd at 89.5 sen with a lower target price (TP) of 76 sen (from 81 sen).

I have been queuing at 0.81 since 1st March 21, habuk pun tarak, yet they say 0.76.

Why I said they sleeping at their job cos they can't see

1) https://www.reuters.com/business/healthcare-pharmaceuticals/mercks-covid-19-pill-cuts-risk-death-hospitalization-by-50-study-2021-10-01/

2) https://www.malaysiakini.com/news/593826

3)https://themalaysianreserve.com/2021/08/15/non-essential-activities-in-manufacturing-construction-to-resume-tomorrow/amp/

Even inoculation already history.

Q2 was subjected to 47 days continuously lock down and zero tourism activities but muhibah still able to stay afloat, green results.

From my 3 arguments, future results CAN ONLY GET BETTER!!

Muhibah have been hibernated for the past 1y7m, its time for action for this big RECOVERY stock. Dun say luckyboy never told u.

Posted by Keyman188 > 2021-10-03 14:45 | Report Abuse

Keyman188 will reconsider if 2 scenario being matched:-

1) share price dip below RM 0.70

2) upcoming financial performance can be improved by RM 10 mil per quarter at least...



otherwise just look see...look see lorrr...






Posted by Keyman188 > Sep 28, 2021 12:23 AM | Report Abuse X

This stock is one of the Keyman188 darling stuff...

Still monitoring further revamp plan or improvement on the upcoming financial performance...

Right now Keyman188 zero holding until this few days going to announce quarterly performance 1st...




Posted by Keyman188 > Mar 31, 2021 9:15 AM | Report Abuse 

Keyman188 already earned handsome profit about 115% for the past 12 months with up & down few rounds...

But unfortunately until now, management hasn't yet to revamp losses quarter by quarter...

Posted by Karma4444 > 2021-10-11 08:29 | Report Abuse

Waste time money parked here

Posted by Luckyboy88 > 2021-10-11 09:46 | Report Abuse

Just got aboard at perfect timing.
Yesterday Sabri announced border gate open, today already show erection.

End of this month or earlier, Cambodia will follow suit.

7m tourists arrival 2019. No of arrival for past 10 years on up trend until covid strike. It's time to normalcy...... Dun miss out this gem.

Posted by soon9913 > 2021-10-11 10:17 | Report Abuse

engine started......

Posted by Luckyboy88 > 2021-10-11 14:41 | Report Abuse

https://tradingeconomics.com/cambodia/tourist-arrivals

Any traders/investors should already know Cambodia Airport concessionaire is the Crown Jewel's of Muhibah Eng. No need introduction.

Now eagerly awaiting green light from their tourism board. Shouldn't be long.

It maybe slow initially, but according to TE modelling and analysis, numbers will leap bound to 200% once enter 2022. Majority tourists are from East Asia and SEA countries where they can choose their flight carrier to travel to Cambodia but must go thru one of the 3 international airports operates by france/muhibah consortium.

Torism attractions :

1) Phnom Penh - Administrative capital
2) Siem Reap - Angkor Wat
3) Sihanoukville - casinos, night life and beachfront resorts.

Inbound tourists need to do transit if their itinerary involve all the above cities on their vacation cos land travelling a bit tough.

Cambodia has a population of 16.7m and tourism contributed to 10.5% of GDP. (Growing) 2019

Including domestic and international travel by cambodia citizens, the numbers flights registered and handled by 3 AP in total exceeded 15m in 2019.

Posted by Luckyboy88 > 2021-10-11 14:52 | Report Abuse

Correction - - - passengers

Posted by firehawk > 2021-10-13 16:31 | Report Abuse

Fortunately not listen to master postings and keep some :D

Posted by Bgt 9963 > 2021-10-13 16:45 | Report Abuse

Salted fish comes alive...!

Posted by Luckyboy88 > 2021-10-13 17:13 | Report Abuse

Lucky here mah!

Last week those selling 0.89 - - - - - - > KNM right?
Totay selling 0.96~0.98 - - - - - - > regret right??

Tomorrow those selling below 1.05 will regret too.

Why??

Momemtum and trend on muhibah side mah

Posted by Luckyboy88 > 2021-10-13 17:15 | Report Abuse

I already say CGS-CIMB analysts dreaming.

Posted by soon9913 > 2021-10-13 21:27 | Report Abuse

wow rm1!!

Posted by Luckyboy88 > 2021-10-14 02:26 | Report Abuse

My last advice

Posted by Luckyboy88 > 2021-10-14 02:35 | Report Abuse

Apology for the error of total passengers in 2019. (I sourced from khemer article)

https://corp.cambodia-airports.aero/en/about-us/cambodia-airports

Keys take away :
1) muhibah portion of consortium = 30%
2) In 2019, all 3 airports handled 11.6 million passengers, served 600 destinations and welcomed 53 airlines.
3) Key drivers for Cambodia’s economy and profile, the airports contributed in 2015 to 17% of the country’s total GDP. More than 1.7 million jobs, representing 20% of the country’s working population, were related to their activities.

*** cambodia government will prioritize reopening of tourism sector for it's significant contribution to its GDP.

SCA( Société Concessionaire I'Aeroport) general revenues : PSC( passenger service charge), baggages, carriers landing charge, cargo, refuelling & maintenance, rental, transportation and etc.

Kenanga research dated 17th February 2020, when covid disaster striked.
https://www.theedgemarkets.com/article/passenger-traffic-muhibbahs-airports-expected-recover

Keys take away :

share price plunged from RM2.31 on Jan 21 to as low as RM1.59 on Feb 4 before settling at RM1.96 last Thursday

*** trading at rm1 now is a steal!!

Worried of competition of new airports at 2023 onwards.
SCA has been granted the build-operate-transfer concession rights to manage three airports in Cambodia, namely in Phnom Penh, Sihanoukville (both on an exclusive basis) and Siem Reap (non-exclusive) until 2040.

*** for exclusive basis, can't run away from compensation, where else for Siem Reap can opt for low cost terminal. Still 2 years to go.

Concessions division : This segment contributed a pre-tax profit (before group eliminations and minority interest) of RM142.6 million (or 59%) to Muhibbah for its nine months of financial year 2019 (9MFY19).

*** almost 50m per quarter and if one see it's now endemic phase the earning stated valid once's recover. Remember tourists arrival is at uptrend 4 Cambodia.

At RM2. 35, as we tweak our profit contributions/valuation for its Cambodia airport concessions. To put things in perspective, our implied price-earnings ratio (PER) valuation of 11 times for the airport concession business (given its smaller size) appears reasonable relative to calendar year 2020 PER of 17 times for Malaysia Airports Holdings Bhd and 36 times for Airport of Thailand based on consensus earnings. — Kenanga

*** its only PER 4.7 now

The earning from SCA is growing proportionate with numbers of passengers handled.

*** thus its very save to assume Muhibah earn RM17 nett for every head counts at Cambodia.
Potential income lost for Muhibah part for next 19 years.

RM17 x 11.6m x 19y = RM3, 746,800,000.00
assuming no rate height and passengers remain constant.

Besides that there is big chunk of retaining earning remains in SCA account.

MARKET ALREADY SPOKEN, it start trending UP SLOWLY WHEREBY IF ONE BUYING AT RM1, THE RISK IS 10% LOST AND UPSIDE FAIR VALUE BETWEEN 1.2(52w High) To 1.59(pre-covid price).

60% very possible TP

GOOD LUCK!!!

Posted by Luckyboy88 > 2021-10-14 02:39 | Report Abuse

Rate hike

Posted by soon9913 > 2021-10-31 15:10 | Report Abuse

https://m.phnompenhpost.com/national/airport-gears-tourism-return-covid-19-subsides

Posted by soon9913 > 2021-10-31 15:12 | Report Abuse

cambodian airport will be reopen for international tourist next month and muhibah holding 21% airport concession for all 3 major airport in cambodia!

Posted by soon9913 > 2021-10-31 15:13 | Report Abuse

airport biz is already worth more than RM1

Posted by Luckyboy88 > 2021-11-01 00:06 | Report Abuse

Very soon.

Posted by Karma4444 > 2021-11-01 23:37 | Report Abuse

lucky muhibbah tak kena cukai makmur

Posted by Luckyboy88 > 2021-11-02 10:31 | Report Abuse

Haha!

Posted by ming > 2021-11-03 16:03 | Report Abuse

Nx year profit.. who know? xD

Posted by Luckyboy88 > 2021-11-03 17:05 | Report Abuse

Buy and then cut lost?

Posted by Karma4444 > 2021-11-03 23:50 | Report Abuse

Muhhibah is bottom,wait for rebound

Posted by Felixck > 2021-11-09 19:24 | Report Abuse

New shareholder here. Accumulating mode…
Cheers

Muhibah
三大核心业务建筑、FAVCO、机场受疫情影响，这些问题只是暂时性的。

疫情前价格在2.3左右，2020年头股价开始下滑，估计是反映机场业务。因为中国游客占柬埔寨50%以上。
股灾时股价在77sen范围，我保守它回到1.5, 市值来到七亿二千万，不会太难。
以现在93SEN，保守50%赚副。其实我预计是100%，不过回到2的过程需要继续观察管理层做了什么。

建筑活动会慢慢回复
机场人次一定会上回
FAVCO业务已经回弹，目前是最高盈利贡献者。

过去五年，属于建筑股的MUHIBAH的股价可以那么稳定，除了小心竞标工程，维修服务还有就是机场生意产生的持续性收入，以至于盈利不会大起大落。

建筑业免不了违约风险。FAVCO设计的是油气领域。这些都是循环波动大的生意。
三个机场经营，两个将会2023年迎来中资对手，一定会影响机场人次。

这些都是需要考量的风险。
但由于股价下跌很多很多，有很高的安全边际。所以我会投资。

Cheers with Muhibah

Posted by risktoreward > 2021-11-10 09:34 | Report Abuse

Enter 0.925

Posted by Luckyboy88 > 2021-11-16 00:42 | Report Abuse

Cambodian PM announces quarantine-free travel for all fully-vaccinated passengers Monday 15th Nov 2021.

Huge boost to Cambodia's tourism.

Quarantine - nil
Vaccine - no vaccine discrimination, fully vaccinated according to manufacturers register with WHO.

Covid test upon arrival - just rapid test require.

Posted by Felixck > 2021-11-17 19:34 | Report Abuse

今天再累积目黑爸。

Cheers

Posted by Longi3 > 2021-11-23 12:28 | Report Abuse

Keeps dropping little by little....

Posted by Karma4444 > 2021-11-23 14:19 | Report Abuse

muhibbah realy bottom liao

Posted by Longi3 > 2021-11-23 14:34 | Report Abuse

Need to see the upcoming qtr report..

Posted by Karma4444 > 2021-11-23 16:53 | Report Abuse

muhibbah really bottom , press how hard also here

Posted by Luckyboy88 > 2021-11-23 18:46 | Report Abuse

Not much interest from retailers.

Posted by Longi3 > 2021-11-26 15:05 | Report Abuse

seriously drop a lot..

Posted by Longi3 > 2021-11-26 15:11 | Report Abuse

Guess upcoming report is not so nice, plus covid concerns.