MUHIBBAH ENGINEERING (M) BHD
KLSE (MYR): MUHIBAH (5703)
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Last Price
0.97
Today's Change
-0.025 (2.51%)
Day's Change
0.965 - 1.01
Trading Volume
2,900,200
Discussions
16 people like this. Showing 50 of 3,609 comments
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.
1 month ago
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/
1 month ago
Boss press down the price to collect more tickets..
Biz is Recovery quarter on quarter lo... Just hold until year end
1 month ago
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.
1 month ago
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.
1 month ago
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~
1 month ago
I dont see any reason for this gem to drop, but operators flushing out the weak holders.
1 month ago
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.
1 month ago
i anticipate the price will be moving in 0.85-0.99 range for june and july unless there is big announcement..
1 month ago
muhibbah has huge contracts on hands if not mistaken is rm2bil enough for next 2 years at least...
1 month ago
Malaysia will have many contracts award soon la.. MRT, LRT, Penang LRT, railway, RTS, Penang airport extension and etc
1 month ago
and Westport expansion plan..
quarter result too slow~ need more contracts to boost up the share price faster !!
1 month ago
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
1 month ago
HiHi shark also push up the price n sell more .. we like to find a reason to match our what we think..
4 weeks ago
Price correction is about to finish, looking forward to trade at above 1.20 soon.
2 weeks ago
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 !!
1 week ago
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.
6 days ago
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
5 days ago
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
5 days ago
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
5 days ago
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
5 days ago
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
5 days ago
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/
4 days ago
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
1 day ago
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 !!
1 day ago
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soon9913
ming can you share the arrival number also? normally siem reap is accounted for 30% of the arrival
1 month ago