MALAYSIA MARINE AND HEAVY ENG

KLSE (MYR): MHB (5186)

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Last Price

0.535

Today's Change

+0.015 (2.88%)

Day's Change

0.52 - 0.535

Trading Volume

579,200

Financial
Market Cap

Market Cap

856 Million

NOSH

1,600 Million

Latest Quarter

Latest Quarter

31-Mar-2023 [#1]

Announcement Date

18-May-2023

Next Quarter

30-Jun-2023

Est. Ann. Date

17-Aug-2023

Est. Ann. Due Date

29-Aug-2023

QoQ | YoY

-86.97% | 29.89%

T4Q Result

Revenue | NP to SH

1,730,086.000 | 68,587.000

RPS | P/RPS

108.13 Cent | 0.49

EPS | P/E | EY

4.29 Cent | 12.48 | 8.01%

DPS | DY | Payout %

1.50 Cent | 2.80% | 34.99%

NAPS | P/NAPS

1.09 | 0.49

QoQ | YoY

1.2% | 141.99%

NP Margin | ROE

3.96% | 3.92%

F.Y. | Ann. Date

31-Mar-2023 | 18-May-2023

Latest Audited Result

Latest Audited Result

31-Dec-2022

Announcement Date

14-Mar-2023

Next Audited Result

31-Dec-2023

Est. Ann. Date

14-Mar-2024

Est. Ann. Due Date

28-Jun-2024

Annual (Unaudited)

Revenue | NP to SH

1,651,643.000 | 67,773.000

RPS | P/RPS

103.23 Cent | 0.52

EPS | P/E | EY

4.20 Cent | 12.63 | 7.92%

DPS | DY | Payout %

1.50 Cent | 2.80% | 35.41%

NAPS | P/NAPS

1.11 | 0.48

YoY

125.06%

NP Margin | ROE

4.10% | 3.83%

F.Y. | Ann. Date

31-Dec-2022 | 10-Feb-2023

Annualized Result

Revenue | NP to SH

1,984,900.000 | 14,148.000

RPS | P/RPS

124.06 Cent | 0.43

EPS | P/E | EY

0.80 Cent | 60.50 | 1.65%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-79.12% | 29.89%

NP Margin | ROE

0.71% | 0.81%

F.Y. | Ann. Date

31-Mar-2023 | 18-May-2023

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 3 / 4 75.00% 3 / 8 37.50%
Total Positive Profit Years 4 / 4 100.00% 5 / 8 62.50%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 5 / 8 62.50%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 1 / 4 25.00% 1 / 8 13.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 0.98% -0.68%
Average Net Profit Margin 4.12% -3.30%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 1 / 5 20.00% 1 / 10 10.00%
Total Positive Profit Years 1 / 5 20.00% 5 / 10 50.00%
Continuous Quarters Of Positive Profit 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Profit Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Adjusted EPS Growth 2 / 5 40.00% 2 / 10 20.00%
Total Dividend Years 1 / 5 20.00% 3 / 10 30.00%
Continuous Quarters Of Dividend 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 5 20.00% 1 / 10 10.00%
Average ROE -7.76% -2.70%
Average Net Profit Margin -11.26% -4.94%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 1,730,086 1,984,900 1,651,643 1,686,137 1,333,920
NP to SH 68,587 14,148 67,773 -44,613 -151,270
Dividend 24,000 0 24,000 10,447 4,800
Adjusted EPS 4.29 0.80 4.20 -2.80 -9.46
Adjusted DPS 1.50 0.00 1.50 0.65 0.30

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 17.03% 18.78% 18.78% 14.73% 21.34%
NP to Owner -86.97% 29.89% 29.89% -79.37% 129.87%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adjusted EPS -88.24% 0.00% 0.00% -81.40% 127.59%
Adjusted DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 4.75% 29.70% 2.61% 20.18% 48.80% 17.72% 12.56% 23.82% -2.05%
NP to Owner 1.20% 145.34% 253.74% -79.12% 109.35% 131.71% 125.06% 144.80% 251.91%
Dividend 0.00% 400.00% 129.71% 0.00% 0.00% 0.00% 0.00% 400.00% 129.71%
Adjusted EPS 2.14% 145.35% 253.21% -80.95% 108.46% 128.57% 124.85% 144.40% 250.00%
Adjusted DPS 0.00% 400.00% 129.71% 0.00% 0.00% 0.00% 0.00% 400.00% 129.71%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
6 people like this. Showing 50 of 3,181 comments

Icon 888

Power sikit la.. macam tak makan

1 month ago

Icon 888

Bulan puasa ke

1 month ago

Icon 888

Operator puasa

1 month ago

Icon 888

Recession come.. lari

1 month ago

dompeilee

@sunnyguy : Thanks!

Despite the drop today, the selling Q is very low for a co. with free float of 400 mil shrs: only 239.9k Q-ing to sell in the 5 lowest selling prices.

1 month ago

Icon 888

Run first

1 month ago

Icon 888

See u next year

4 weeks ago

Icon 888

See u next year

4 weeks ago

bb1788

look like lou sai stop..

3 weeks ago

123eztrade

where is our government support??? ini glc

3 weeks ago

scott88

GG already la because few days ago news out mention need join with Sapura ...
help sapura effect sendiri gg...hahaha

3 weeks ago

Rowie

Merger with sapura will be impossible
Misc n technip can’t vote .
Minority shareholders will reject the deal
Sapura has negative NTA
So only way is to take MHB private for it to succeed.

2 weeks ago

speakup

By hook or crook, sapnrg has to be rescue. Too many bumi contractors at stake

2 weeks ago

Rowie

Rescue is easy
Bankers have to take a hair cut ie 10 sen to the dollar ie 90% hair cut.
Shareholder take a 100:1 capital reduction
Then a rights issue of 10:1 at 30 sen with free warrants
No need merger cos can never happen with anybody let alone with MHB unless take MHB private at RM 1.50 or better

2 weeks ago

rohank71

MHB only buying Sapuras yard in Lumut and Serba Dinamik yard in T.Ramunia to control all yard bz.

2 weeks ago

rohank71

MHB will be getting more jobs for fabrication and may not be able to cope. currently order book is highest ever

2 weeks ago

Rowie

Mhb unlikely to buy any yards cos the need cash to service their order book which is huge ie highest in their history.
Those story tellers who speculate merger story with Sapura unly wants to panic retailers to sell out and they buy cheap.
Mhb is no Santa Claus, Petronas via Misc has to take it private for any deals cos minority shareholders will never approve such a misadventure

2 weeks ago

positiontrader

As a Position Trader, it is a non brainer to BUY at this based down price
Accumulate at around 0.505 and wait for good harvest 6 months down the road
By the way, the merger between MHB and Sapura Energy is not possible. Big speculators making up merging story (MHB and Sapura Energy) to scare the retailers throw the shares to them at dirt cheap price
HOLD on to your MHB shares and BUY if you have extra cash, Big harvest 6 months down the road

2 weeks ago

pang72

SAPURA effect

2 weeks ago

NinjaInPyjamas

Yea bois, collect colect collect slowly

2 weeks ago

Rowie

Keep on repeating old storytelling is to syiok sendiri wanting people to sell

2 weeks ago

Rowie

Only Petronas can takeover Sapura which they won't do.
No other company has the capacity to do that unless want to commit suicide

2 weeks ago

Rowie

true but they can't vote & minority will reject plus mhb does not have the capacity to do it.
Sapura is too big to save

2 weeks ago

sunnyguy

Hopefully the share price will get some support after the Q1 result, which expected to release on 18/5/23.

2 weeks ago

Tommylkloh

it's very lucky for MHB not to merge with sapura in 2015 else sitting in Pn17 with sapura. Now go to commit suicide ?

2 weeks ago

Tommylkloh

wondering what kind of proposal is this ? mhb to merge with debt landen company. Mhb management must be crazy. happen at

2 weeks ago

rohank71

lots of people dreaming of nothing especially when U read Sapura chats...mmhe if any will only buy sapuras yard. and if the chance happens must buy the yard. u can't find yard easy...

2 weeks ago

rohank71

also buy Serba Dinamics yard at Teluk Ramunia. only few yards in Msia coz of deep water. don't buy u create competitors

2 weeks ago

i3lurker

Lady Ramunia -
Bankruptcy 100% Guaranteed for Company
and also
Bankruptcy 100% Guaranteed for ordinary shareholders of Company

2 weeks ago

Bon888

Hahaha I3lurker your ass got burnt by Ramunia Berhad 20 years ago?? That pain you remember till today ah?

2 weeks ago

positiontrader

Raja138

Weaknesses in MHB share price is indicating the merger with SAP is becoming reality soon?. Chart showing the next support is 0.44.

My comments:
You must be joking. 😄
No matter how you flip the financial position of both companies, there is no possibility of MHB merging with Sapura.
The right strategy for position trading is to buy around 50 sen and hold it for 6 months to enjoy big capital gains

Cheers

1 week ago

positiontrader

The target price is 75 sen follow by 88 sen

1 week ago

bb1788

Just compare all oil and gas counters o the latest results..MHB is outstanding..

1 week ago

bb1788

Technical don't work on weak market, guess u and rest sellers shorted..

1 week ago

BobGail

Started position. Ticks all the boxes looking for some small cap exposure in the oil and offshore services.

1 week ago

positiontrader

Posted by bb1788 > 19 hours ago | Report Abuse

Technical don't work on weak market, guess u and rest sellers shorted..

My comments:
Technical analysis still works in weak market provided there is sufficient trading volume/liquidity
Do not apply technical analysis in illiquid or low trading volume stocks/markets. It is not reliable in this instant

As for MHB, the trading volume is low and illiquid. Technical analysis for MHB not so reliable. Need to apply fundamental analysis for this stock

Fundamentally, MHB is bullish. Reasons:
1. MHB had 5 continues quarters of rising profit reported
2. MHB orderbook as of 1Q23 stands at MYR7.2bn, a record high
3. Kasawari project, 79.8% completed, Jerun project 57.1% completed. Expect big profit to be realized next quarter as these projects are normally back-loaded

1 week ago

positiontrader

MHB is an illiquid stock and can be manipulated via technical analysis too appear as bear stock. Big Speculators trying to frighten retailers to sell the shares at depressed price.
As a Position Trader, recommend to HOLD onto your MHB share and ACCUMULATE MORE if you have extra cash.
Expect big harvest 6 months down the road
Cheers

1 week ago

Rowie

positiontrader........i 100% agree with your analysis
If u look at the Balance Sheet of MHB , there can never be a merger with Sapura.
If u want to force a merger, u have to take MHB private & do some magic there
When the market realises that Petronas is not going to agree plus Technip also
then MHB will rebound fast

1 week ago

sunnyguy

Sapura Energy also have many other business segment that MHB didn't venture in yet.

1 week ago

positiontrader

Posted by Raja138 > 2 days ago | Report Abuse

No point arguing and criticizing, we are here to share info and try make some money and try not to loose money lah, No need to challenge each other, if i wanna respond, you also can go ahead and accumulate more MHB at this level!! No point becoming a hero in this forum! Good luck to all of us!

My Reply
I'm a humble position trader, trying to make a living
I'm just stating the facts and do not wish the innocent, greedy, desperate retailers got con by the big speculators and their cronies
Cheers

1 week ago

Rowie

Any case, Sapura has until June 11 court sanctioned protection to say something or apply for further time if the court so agree. MHB has only 300+ million net cash……..how to settle Sapura’s 15 billion debt?
No bank in this world will lend him any money. So a restructuring may be as follows if done with MHB:-
1. Total debt haircut 90% - debt now becomes 1.5b
2. Capital reduction 100:1 capital reduced to say 1.5b (for simple calc)
3. Rights issue 1:1 @0.50 raises cash 750m
4. Sale of some assets to raise 3.5b for working capital cos cannot get any more bank loans
5. Merge with MHB …….ratio 2:1 or 1:1 but better if 2 Sapura shares for 1 MHB shares as Sapura has bad image.
6. Will MHB minority shareholders vote in favour of deal……..fat chance cos it’s not in their best interest.. Misc & Technip cannot vote. Most MHB shareholders cost is very very very high. So it’s a waste of PNB time to continue with this rubbish deal unless they can pull a rabbit out of the hat.
TAKE IT PRIVATE with a good offer perhaps RM1.80 . They only need to buy 25% ie 400m shares. No big deal to save Sapura.
Better still………..just walk away & let nature take its course for Sapura

1 week ago

positiontrader

Raja138

https://theedgemalaysia.com/node/668752

2 hours ago


"Sapura Energy brings in former top staff of MHB and Petronas as directors"
My comments: They are appointed as non-executive directors, most likely acting as advisers without authority to execute any final decision on behalf of Sapura Energy, MHB or Petronas Furthermore, they are ex-staff of MHB and Petronas. They left MHB and Petronas for reasons I do not know and also do not wish to know
By the way, most likely, the non-executive directors are compensated for their time through fees, equity and cash payments

1 week ago

positiontrader

Raja138

Positiontrader, Good for you, can buy more MHB at this level since you are just stating the facts and do not wish the innocent, greedy, desperate retailers got con by the big speculators and their cronies. Have faith with MHB!

My comments:
Raja 138, as you said earlier, no point arguing and criticizing. Six months (maybe three weeks) down the road, we will know the answer, who is right.
Cheers, Happy trading

1 week ago

bb1788

Interesting Monday as both companies denied any plan of merger

6 days ago

scott88

this statement come out from petronas is good news for MHB, MHB the price can assume go back 60cents above

5 days ago

Michael Kwok

Sell 52-53 cents
Tp 30 cents range
1/6/23 9.32pm

1 day ago

Rowie

If no merger- BIMB TP 0.94, mine 1.09
If merger- BIMB silent, mine 1.80 based on taking it private
No 0.30 in the equation. That price can happen if oil falls below 30 bucks

1 day ago

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