Congratulations to our newest member Gamuda Berhad and another Malaysian company - Muhibbah Engineering (M) Bhd - on making it to the final 7 shortlisted companies for the Hanthawaddy International Airport Project. Quoted from Malaysian Myanmar Business Council Website
Muhibah up for the past two weeks is because it make up to 254 million provision lost in APH in the last querterly financial report. Which mean even thought muhibah really can not collect back the money from APH and it not going to affect next coming financial report... treat this money aleady total lost.... but it will be bonus if manage to collect some from APH project....
There is more to it than the provision. Their Q4 PBT is RM-132 million, taking into account provision and revaluation, their core PBT is actually RM57 million. That's a significant jump compared to Q1 (25 million), Q2 (29 million) and Q3 (36 million). Improving fundamentals?
Muhibah broke out of the double bottom formation with a long white candle with high volume. Traders may watch fo the resistance to turn support for the share price to test further resistances. Follow trend..don't trade emotion.
Typical example of insider trading....illegal in US,but normal in Malaysia. Got contract rm300million more for cranes building and ship building,under muhibah and subcompany.
This stock will go through the roof tomorrow. Not only has MUHIBAH secured a RM216 million contract, its 56% subsidiary FAVCO also secured a RM78.8 million contract. See today's announcement.
in construction, secured project is one thing, make profit is another game altogther. Muhibbah has proven billion dollar project APH also can rugi. news came at the right time
I'm no master. My avg price is 0.97 and I'm looking to sell. Whatever goes up too quickly should come down soon. No? I might keep some, I'm still attracted to the fact that their core PBT has jumped significantly in 4Q12. I estimated the EPS for 4Q to be around 7 cents, excluding -245m provision and +56m revaluation, which is much higher than 4.1 cents (Q1), 4.2 cents (Q2) and 4.7 cents (Q3). If 7 cents is sustainable, their PE at RM1.3 is still only 4.6, which is still quite cheap.
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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....
waily
42 posts
Posted by waily > 2012-08-06 18:10 | Report Abuse
what is the target price?