MALAYSIA MARINE AND HEAVY ENG
KLSE (MYR): MHB (5186)
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Last Price
0.46
Today's Change
0.00 (0.00%)
Day's Change
0.455 - 0.465
Trading Volume
442,400
IPO Info
Offer Period
Opening
2010-10-06
Closing
2010-10-06
Time Table
Allotment Date
2010-10-27
Listing Date
2010-10-29
Price
Issue Price
3.61
Units
1,600,000,000
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
Offer for sale of 146,000,000 MHB Shares (" Offer For Sale") and SI allocation of between 128,000,000 MHB Shares and 158,000,000 MHB Shares to Technip (" SI Allocation")
Private Placement
-
Issuing House
MlH 501
ISIN Code
MYL5186OO001
Prospectus:
• PUBLIC ISSUE OF 262,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD (FORMERLY KNOWN AS MSE HOLDINGS BERHAD) ("MHB") ("ISSUE SHARES") COMPRISING:
I. THE BUMIPUTERA OFFERING OF 184,000,000 ISSUE SHARES TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING, SUBJECT TO ROUNDING TO THE NEAREST SEN ("INSTITUTIONAL PRICE"); AND
II. THE RETAIL OFFERING OF 78,000,000 ISSUE SHARES TO THE SHAREHOLDERS OF MISC BERHAD ("MISC") (EXCEPT FOR THE EXCLUDED SHAREHOLDERS) (AS DEFINED HEREIN), THE MALAYSIAN PUBLIC, ELIGIBLE DIRECTORS AND EMPLOYEES OF MHB, ITS SUBSIDIARIES AND JOINTLY CONTROLLED ENTITIES AND THE ELIGIBLE DIRECTORS AND EMPLOYEES OF MISC AND SELECTED SUBSIDIARIES OF MISC AT THE ISSUE PRICE OF RM3.61 PER ISSUE SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE;
• ALLOCATION BY MISC TO TECHNIP OF BETWEEN 128,000,000 ORDINARY SHARES OF RM0.50 EACH IN MHB ("MHB SHARES") AND 158,400,000 MHB SHARES, TAKING INTO ACCOUNT TECHNIP'S MONETARY COMMITMENT (AS DEFINED HEREIN), WHICH SHALL BE AGREED BETWEEN MISC AND TECHNIP, AT A PRICE EQUAL TO 2% PREMIUM OVER THE INSTITUTIONAL PRICE ("SI ALLOCATION"); AND
• OFFER FOR SALE OF 146,000,000 MHB SHARES BY MISC UNDER THE INSTITUTIONAL OFFERING TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS, AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE,
SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS (EXCEPT FOR THE SI ALLOCATION) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF MHB ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
THE FINAL RETAIL PRICE WILL EQUAL THE LOWER OF (I) THE RETAIL PRICE OF RM3.61 PER ISSUE SHARE; AND (II) 95% OF THE INSTITUTIONAL PRICE, SUBJECT TO ROUNDING TO THE NEAREST SEN.
MHB-NoticeOfProspectus (46KB).pdf
MHB-Cover to Page 3 (2.8MB).pdf
MHB-Page 4 to Page 190 (2.8MB).pdf
MHB-Page 191 to Annexure B (1.8MB).pdf
MHB-NoticeOfProspectus (46KB).pdf
MHB-Cover to Page 3 (2.8MB).pdf
Discussions
6 people like this. Showing 50 of 3,249 comments
Normally traders focus on price action to gauge the direction of the market. But I think some fundamental analysis can enhance the picture.
For example, changes in economic factors such as interest rate or inflation can give insights on trading opportunities. At the company level, product announcements or beating analysts estimates can be other provide other clues.
Along this line, I would like to suggest that looking at the revenue and return trends relative to the share price can be one such fundamental analysis. An example is shown in the Malaysia Marine and Heavy Engineering Holdings (Bursa Malaysia MHB) case.
https://i.postimg.cc/cHJLHqz8/MHB.png
You can see that revenue and ROE have been improving over the past few years but the share price has not responded accordingly. Of course, when you dig deeper and find out that the LTM ROE is a loss despite higher LTM revenue compared to last year, you can understand why the market is not reacting.
My point is that the market is getting more competitive and traders who add some fundamental analysis to complement the technical analysis may have some edge. https://www.youtube.com/watch?v=mXWCEJbzhJk
2023-12-23 07:11
Directly oil n gas related. With slurry of cape and opex declared and all new blocks being awarded, the counter surely will run together with others. Good to keep some so as not to miss the boat.
2024-01-28 21:07
This mhb wing broken already n cant fly anymore. Maybe crawl around can la. Hehe
2024-02-02 21:13
Poor management resulting in provisions and inefficiency. They should be taken to task
2024-02-15 10:04
See whether can stay at 0.47 today or not. otherwise temporary lost momentum. Short Term TP : 0.49
2024-03-14 11:59
POC - 0.48, if can breakout this will fly, formation of VCP pattern if can breakout 0.48. TP: 0.51.
2024-03-21 18:48
Better ask Petronas group share buy back and delisted in bursa market list...
2024-04-02 16:03
dream on and dream away... this is a loss-making company for MISC to support their business.
2 months ago
dream on and dream away... this is a loss-making company for MISC to support their business.
2 months ago
Good news CEO n MD ,Ini baru betul positive profil.
Tak macam ex CEO n MD Mr. Tak Pandai urus kerja n tak pandai jaga share holder
2 months ago
omg, I can't believe my eyes after reading the 1st quarter financial results they have just posted. hope they will keep it up and follow by giving dividend, bravo!!
2 months ago
The Board of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is pleased to announce that its wholly-owned and major subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has recently entered into a subcontract to build an offshore substation (OSS) high voltage direct current (HVDC) platform consisting of topside and jacket (Subcontract) from Petrofac International (UAE) LLC (Petrofac). This significant contract, valued at approximately RM1.5 billion, underscores MHB's commitment to clean energy infrastructure development.
1 month ago
RM1.5bn Contract Win; Second Win(d) and More To Come.
MMHE announced yesterday that it has secured a subcontract worth RM1.5bn to build an offshore substation at a wind farm in the Netherlands. The fabrication works of the substation platform — which receives power produced from the wind farm and stepped up before being transmitted onshore — will begin in 2025 for 36 months.
With this award, MMHE’s order book stands at RM6.9bn, giving it a Price to Order Book Ratio of 0.1X only. Simply putting it, with annual revenue recognition of RM2.0bn, the current order book could last through 3.5 years if no contracts were further tendered.
For MMHE, this is their second offshore wind contract after they secured the first one in November 2023 for the manufacturing of the OSS HVDC platform for the IJmuiden Ver Alpha project in the Netherlands.
In addition, MHB and Petrofac said they will collaborate towards the possibility of another OSS of similar size.
1 month ago
problem with this counter, Heavily controlled by institution, 80% shares.. less room for manipulation and pundits.. same case with MBSB. Untung ratus juta pun will not move, harap dividen jer..
1 month ago
This stock needs a lot of heavy lifting , like their projects .... measured in thousands of tonnes
1 month ago
It need to announce at least 2 consecutive good QR + a good dividend payout to obtain investor's attention.
1 month ago
1 billion revenue, only 1% profit.. pathetic. Should change the CEO. That's why even got billion worth of project, no use.. same like Sapula history.. got billion2 worth of project, some more far away from Malaysia.. logistic issues, cost high to pay expat, travelling, etc.. profit all gone. The first thing they should do.. improve profit margin
2 weeks ago
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
scott88
The MD pandai goreng sotong la sampai hujung bulan ini
2023-11-08 15:19