Posted by cutie > 2018-05-04 15:07 | Report Abuse

drop 2 sen only

Posted by Er Xian > 2018-05-04 15:14 | Report Abuse

someone collecting...hmmm

Posted by dompeilee > 2018-05-04 16:08 | Report Abuse

25 m loss is peanuts for a co. with net cash of 32c and net current assets of 41c.

Posted by chiwing > 2018-05-04 16:20 | Report Abuse

agree with dompei

Posted by Er Xian > 2018-05-04 20:18 | Report Abuse

Its debt had decreased about 100m, hmmm

Posted by nikicheong > 2018-05-05 03:13 | Report Abuse

@Er Xian, that's not a major talking point. The Trade Payables are generally matched to the Trade Receivables. Because business has been bad, both have been on a declining trend over the last 2-3 years.

MMHE will definitely struggle in the near future. What's surprised me is that the major oil players especially Petronas are holding back new developments. Seems like they are not confident the oil price will hold up over the longer term.

Alas, MMHE needs some major project win on the fabrication side, or we need good news regarding their new venture in Saudi into construction/maintenance of refineries etc per their Bursa announcement.

Posted by Jeffreyteck > 2018-05-05 07:08 | Report Abuse

From above 7 to current below 1. TP0.50 amid extremely poor performance which reflects the strengths of management. With the current price, believe stilll can find some stocks with reasonable dividends instead of supporting poor performers.

Posted by Er Xian > 2018-05-05 10:48 | Report Abuse

thx niki

Posted by Sebastian Sted Power > 2018-05-07 18:48 | Report Abuse

back to 60++ sen region tomorrow

Posted by RedEagle > 2018-05-13 16:50 | Report Abuse

Hsi c3b c3d c3e c1x..monday skyrocket?

Posted by 81118559 > 2018-05-20 11:54 | Report Abuse

工程订单少，还資本开销5亿去建乾船乌，虽有6亿cash. 三年后建成 能不能赚钱还未知数 .前途茫茫。有后台也没有用 逢高卖出 是正确的选择.

Posted by Rudi Lim > 2018-06-05 16:44 | Report Abuse

Further to an IHS Markit report dated 3 April, Petronas Carigali has issued a fresh EPCIC tender for a CPP (central processing platform) for the Kasawari gas expansion project off Malaysia. Invitation to bid documents are to be collected on 30 May. The operator had earlier aborted a FEED (front-end engineering and design) plus EPCIC tender in the middle of technical evaluation phase. Sources say the new tender may include a work scope for FEED verification. The original tender scope covers the main eight-legged KS-CPP with living quarters for 120 persons, a nine-slot four-legged drilling platform (KSDP-A), a flare tripod and two bridges under one lump-sum contract package. The KS-CPP is expected to have a topside weighing around 20,000 tonnes and will most probably be designed to be installed via floatover method. These facilities are scheduled for completion in three years or so upon contract award. The EPCIC contract will entail a work scope from detailed engineering, procurement, construction, installation, hook-up and commissioning for the facilities under tender. Local fabricators MMHE (Malaysia Marine and Heavy Engineering) and Sapura Energy are expected to be the domestic contenders for the scope. Kasawari, as big as Pegaga.

Posted by nikicheong > 2018-06-05 23:43 | Report Abuse

LMAO how old is the above thing? You copy paste it at so many places.

Posted by Rudi Lim > 2018-06-06 08:25 | Report Abuse

dated 30/5/18. have not seen that picked up in the mainstream. yah copy paste here and in sapura. ah, so posted at two places is "so many places"?

Posted by nikicheong > 2018-06-07 23:02 | Report Abuse

Source of the above news piece?

Posted by nikicheong > 2018-06-26 21:27 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5835425

Any idea whether the above means we get to recognize additional profit in a future quarter? Or has this already been included in the past as a profit?

"Under the LOU, it was agreed that EATech pay part of the amount due to MMHE and deliver certain security for the remaining amount due to MMHE."

What does "certain security" mean here?

Posted by ABSBOSS > 2018-07-20 12:42 | Report Abuse

c11 suddenly big volume buying, any news for mhb?

Posted by nikicheong > 2018-07-21 10:23 | Report Abuse

Kasawari and K5 is back on the menu. MMHE should have the upper hand as Lumut is packed with projects.

Posted by ABSBOSS > 2018-07-21 19:00 | Report Abuse

i see.. .will take risk buying c11 at 0.01 cents

Posted by cutie > 2018-07-22 11:05 | Report Abuse

66 bottom already n price little by little going up. I think it can hit 80 Sen by next week.

Posted by Calvin882 > 2018-07-22 11:44 | Report Abuse

But no volume

Posted by ABSBOSS > 2018-07-22 14:14 | Report Abuse

thanks cutie, hope mother can achieve 80 cents above on aug.. oil price already reach 70 again

Posted by ABSBOSS > 2018-07-22 14:15 | Report Abuse

i miss malakof c8 and pos c15 before this.. hahahaha

Posted by ABSBOSS > 2018-07-23 14:54 | Report Abuse

mhb sudah jalan... hope can reach 75 today

Posted by nikicheong > 2018-07-23 20:24 | Report Abuse

Not bad. On to RM1.00, then RM1.50, then RM2.00....a man can dream!

Posted by bleuerouge > 2018-07-25 19:20 | Report Abuse

damn what a nice surprise, I thought my mhb c8 will be burnt all but finally giving profit.

Posted by nikicheong > 2018-07-25 21:16 | Report Abuse

Last time also always excited...but I'm always happy when it go back down to RM0.65 range. Can collect more and more. Up I win, down I also win (in the longer run!) :)

Posted by thesteward > 2018-07-26 00:32 | Report Abuse

This is a good one at this price

Posted by Investhor > 2018-07-26 11:46 | Report Abuse

https://klse.i3investor.com/blogs/InvesthorsHammer/166942.jsp

Posted by Investhor > 2018-07-26 11:47 | Report Abuse

MHB (BSKL : 5186)

TP 1 - 86c (short term), TP 2 - 95c (medium term), TP 3 - above RM 1 (for long term investors)

Recently, many oil & gas counters have been picking up steam. I would like to turn attention to a recent stock which has been picking up momentum due to many reasons, Malaysia Marine & Heavy Engineering Holdings Berhad (MHB).

1. Mega Project Potential - Kasawari Gas Development Project - Estimated USD 1.5 Billion Or More

Article by AmInvest Research titled "Oil & Gas Sector - Huge Kasawari Project Back on the Radar" is referred :

http://klse.i3investor.com/blogs/aminvest/162660.jsp

According to the article, PETRONAS has launched the Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) tender for its Kasawari giant gas field development off Sarawak that will likely be one of the largest platform jobs in Malaysia and the region this year.

MHB might be the favourite to secure this project as compared to SAPURA ENERGY as recently SAPURA ENERGY had been awarded the PEGAGA Project which is 19,500 tonne platform for Mubadala Petroleum (refer extract from article below):



Given the size of the project, they expect the EPCIC portion to reach over USD 1.5 billion which underpins the rising momentum of the region's offshore CAPEX spending.

Securing this project would be a big boost of earnings for MHB as it rides on the momentum of booming oil & gas upstream projects as crude oil price has stabilized over USD 70 / barrel.

2. Shareholding Analysis - Very Small Share Float

Below image referred taken from the MHB 2017 Annual Report on the shareholding analysis section



The first 2 largest shareholders already hold 75% of the company. Number 3 - 7 institutional holders own about 13% of the company. This totals to about 88% being held by long term shareholders.

This leaves balance float of 12% out of total 1.6B shares (roughly 192 million shares). As the potential prospect of oil & gas sector grows tremendously, there will be lesser sellers compared to buyers for this stock, as such possibility of price rising up will be much faster should such situation happen.

3. Technical Analysis Point of View - Double Breakout - Breakout of Downtrend and Kumo Breakout

Below daily chart of MHB as of closing 25/7/2018 is referred:



MHB recently had been on a downtrend since hitting peak of 98c on 8th January 2018. Since then it had tried to break downtrend 2 times in April and May 2018 but failed and resumed downtrend (refer circles 1 and 2).

Recently, MHB had hit low of 62c but the small volume of transactions tell us that the sellers were small in nature (possible retailers). Starting 12th July 2018, MHB had started uptrend momentum, however only recently MHB had successfully broken the double line downtrend band with significant increase in volume (refer circle 3). Today MHB had achieved an Ichimoku Cloud breakout above 75c attracting more prospective buyers to join in on the momentum.

Next immediate resistances are seen at 86c to 90c level, followed by 95c to RM 1.00. A breakout above RM 1 will suggest movement towards RM 1.20-1.30.

4. Very High Historical Price Compared to Current Pricing

Monthly Chart for MHB is referred below since IPO listing :



According to monthly chart, MHB had reached its peak in 2011 at RM 8.82 (refer circle 1). Since then it went on downtrend and consolidated at RM 3 - 4 area (circle 2) before further downtrending to below RM 1 since 2015 onwards until now (circle 3).

If crude oil resumes uptrend and hits above USD 100 per barrel, it wouldn't surprise me to see MHB trading at above RM 1.50 heading towards RM 2.50 - 3.00 levels as seen before during its glory old days.

Therefore, as compared to the historical prices, the current price levels seem dirt cheap for investors who believe that oil & gas sector will boom and once again achieve its glory days.

In Conclusion

It is my own opinion that MHB is a strong counter to buy and keep for long term capital appreciation due to:

-riding on overall trend of increasing CAPEX spendings in oil & gas sector due to rise in crude oil price

-huge potential to add order book of USD 1.5 billion (or above) for Kasawari Project

-low share float for institutional buyers to pickup and buy more shares

-strong momentum in the short and long term charts

Posted by Abdul Samad Abdul Rahman > 2018-07-27 08:14 | Report Abuse

if break 0.81 target 0.88

Posted by sapurakencana > 2018-07-27 11:22 | Report Abuse

no volume how to break,unless dayly volume increase to 2-3 mil

Posted by nikicheong > 2018-07-27 14:48 | Report Abuse

Yeah no volume no go. Needs sustained volume above 1.8mil to move up.

Posted by ABSBOSS > 2018-07-27 15:07 | Report Abuse

today will close in green color lor..

Posted by nikicheong > 2018-07-27 18:15 | Report Abuse

Results should be out next week.I don't see MMHE share moving up unless there's an earning beat or positive newsflow.

Posted by ABSBOSS > 2018-07-31 10:47 | Report Abuse

mhb sudah mau jalan nih

Posted by ABSBOSS > 2018-07-31 17:16 | Report Abuse

tarak jalan la, dia punya mak aja jalan lor

Posted by Damas > 2018-08-01 13:51 | Report Abuse

Hari ini atau besok mali.

Posted by snwong13 > 2018-08-01 18:36 | Report Abuse

.
Result out.
All the Best!

https://klse.i3investor.com/servlets/stk/fin/5186.jsp

Posted by Romyzam > 2018-08-01 19:00 | Report Abuse

Wow terkejut beruk pakcik tengok results

Posted by nikicheong > 2018-08-01 19:26 | Report Abuse

Hmm very bad results. In the marine side probably due to the issue with EA Technique. Could be settled and get some write back.

Really this guys got zero new business in 2018. Look at the order intake in the slides. Total opposite of Sapura.

Alas I keep holding. My avg buy price is 0.69. Better days lie ahead. Not far away now. Low downside risk, very high upside potential!

Posted by sapurakencana > 2018-08-01 19:31 | Report Abuse

so bad result,tomorrow sure go back below 70 cent.

Posted by nikicheong > 2018-08-01 20:07 | Report Abuse

@sapura, I won't be too sure though. It's obvious large amount of the loss is due to the issue with EA Technique. And MMHE will start recognizing Bokor income as steel cut is in Q3 2018. So actually the worse might be over...but who knows. I won't be surprised if we manage to hold at 0.75 and then make our way up in the coming months. It's SOOOO important for a contract win now... :)

Posted by apolloang > 2018-08-01 21:01 | Report Abuse

bigger losses yet stock today up 1 cent,apa ini? tomoro should at least down 10%

Posted by ABSBOSS > 2018-08-01 21:23 | Report Abuse

Nasib baik sudah jual c11 today...

Posted by sapurakencana > 2018-08-01 23:43 | Report Abuse

niki,i dont understand why until august MHB still not receive any new contract fr Petronas? Is it due to they dont have enough experience like sapura to undertake the contract or other reason.

Posted by sapurakencana > 2018-08-01 23:46 | Report Abuse

i like this counter due to they have a healthy balance sheet & no borrowing if compare with other fabricator.(sapura energy,Uzma,Petra etc)

Posted by nikicheong > 2018-08-02 09:27 | Report Abuse

https://factsetpdf.maybank-ke.com/PDF/103870_CN__afaf246d9e2d40f3853bf2d8033ad4c3.pdf

I'm holding this as the dark before the dawn. If it goes back to 0.65 I'll buy even more!

Posted by Kawelegen > 2018-08-02 09:53 | Report Abuse

New down trend comin?

Posted by Jon Choivo > 2018-08-02 10:38 | Report Abuse

niki,

i hope you have super deep understanding of this company, otherwise you are fucked.