Posted by robot99 > 2014-04-08 19:47 | Report Abuse

Next tp should 5.00

Posted by Joel > 2014-04-08 22:07 | Report Abuse

We understand Muhibbah has submitted tenders for the majority of packages which has opened for RAPID together with its two foreign
JV partners. We expect contract sizes to be chunky and Muhibbah’s portion of the contracts to be worth at least RM1-2bn. We continue
to like Muhibbah as a growing oil and gas proxy in Malaysia where it is set to capitalise on its much sought after Petronas fabrication
license.

( One of the point highlighted by HwangDSB Research )

http://klse.i3investor.com/servlets/staticfile/236883.jsp

Posted by Joel > 2014-04-08 22:07 | Report Abuse

Really worth to buy in with bright furture !!!

Posted by PeaceOfMind > 2014-04-09 15:18 | Report Abuse

yeah.. buy buy buy before is too late ~ :)

Posted by PeaceOfMind > 2014-04-10 09:47 | Report Abuse

up slow and steady~ nice

Posted by rioferdy5 > 2014-04-10 10:36 | Report Abuse

Wonder if any buyers for Asia petroleum hub from which muhibah wrote off rm245mil, creditor cimb said no problems to find suitable buyer to revive the project

Posted by Joel > 2014-04-10 16:43 | Report Abuse

May close at rm3.00 today !

Posted by robot99 > 2014-04-10 17:30 | Report Abuse

Riofrfy5,where did u get this info?can share with us?

Posted by rioferdy5 > 2014-04-10 18:49 | Report Abuse

U can find info about Asia petroleum hub in the net. Rm245 mil write off last year but project abandoned in 2009. Climb & muhibbah largest creditors. With cimb's prowess I guess won't be long before climb finds a white knight

Posted by chiongster1234 > 2014-04-21 18:13 | Report Abuse

wah...thsoe buy 200biji for this counter can travel to kimchi already!

Posted by jm3525 > 2014-04-30 08:52 | Report Abuse

what happen to this counter.. so quiet and no more power liao...

Posted by robot99 > 2014-05-02 10:35 | Report Abuse

Will come soon to touch 3.00.....

Posted by WXGWXW > 2014-05-03 11:40 | Report Abuse

Any good news coming here ?

Posted by johnny cash > 2014-05-04 13:45 |

Post removed.Why?

Posted by samsung555 > 2014-05-05 16:21 | Report Abuse

Is better be a steady investor rather than a reckless investor.....

Posted by robot99 > 2014-05-05 17:56 | Report Abuse

Good support at 2.90

Posted by rioferdy5 > 2014-05-05 20:17 | Report Abuse

Rm60 bil for Rapid. Soon the buyers of property shares will switch to specialised construction like muhibah. Not forgetting its subsidiary Favelle favco is one of its kind in its industry

Posted by rioferdy5 > 2014-05-05 20:19 | Report Abuse

Hearing that creditor Cimb nearing a deal for new takeover of ASia petroleum hub. Would mean huge writeback to muhibah if this happens. Anyone hearing this rumour?

Posted by samsung555 > 2014-05-08 17:15 | Report Abuse

CIMB buy call of Muhibah..........

Posted by ter090915 > 2014-05-08 17:23 | Report Abuse

samsung555, where u get info CIMB buy call for muhibbah?

Posted by samsung555 > 2014-05-09 15:08 | Report Abuse

Target RM0.90 (Stock Rating: REDUCE)

Securing the RM203m land reclamation contract in Melaka was positive for Benalec as this stabilises its earnings beyond FY14, compensating for the delay in the signing of the 1,000-acre Tanjung Piai project in Iskandar. But investors are unlikely to view the new Melaka job as the game changer as its turnaround has always hinged on the revival of the massive oil & gas-related land reclamation prospects in Iskandar. We maintain our EPS forecasts, Reduce call and target price - pegged to an unchanged 50% discount to RNAV. There are still risks of delay for the Tanjung Piai deal, in our view. Switch to Muhibbah Engineering for exposure to oil & gas infra and the RAPID project.

What Happened

Secures a reclamation contract in Melaka. Benalec was awarded a 415-acre, RM203m land reclamation project in Melaka.

What We Think

New contract stabilises earnings beyond FY14, but is not the game changer. This award is not overly surprising as it is in line with management's strategy of securing new cash reclamation contracts in Melaka. Nonetheless, this is positive for Benalec as it ensures a stable earnings stream beyond FY14, and compensates for the delay in the 1,000-acre Tanjung Piai reclamation project in Iskandar, Johor - based on our original timeline, this project should start contributing from 2H14 onwards. The RM203m new contract will yield a pretax margin of c.20%, lower than the historical land reclamation margin of c.30% due to rising costs and soil factors. The estimated net profit of RM15m-20m p.a. is broadly in line with our existing new job assumption for FY15-16. We reiterate that the game changer for Benalec continues to be a revival of the long-awaited massive Tanjung Piai deal. Our checks with management indicated that negotiations have gradually picked up in the last few months but we feel that there are still uncertainties over meeting the targeted signing of the sale and purchase agreement (SPA) by Jun. The next step is the submission of the environmental impact assessment (EIA) which should take three months to be reviewed.

What You Should Do

Sell on strength. We do not expect this news to trigger a major re-rating for the stock. We foresee a sustained overhang on the share price, pending greater visibility and conviction on the prospects of the Tanjung Piai deal.

Source: CIMB Daybreak - 07 May 2014, Full PDF Report

Posted by samsung555 > 2014-05-09 15:08 | Report Abuse

posed by SavvyOnon 09/05/2014 12:03 SavvyOne By the way, CIMB has got it wrong before. Check out their strong recommendation to buy in Muhibbah's case some time ago.

09/05/2014 15:06

Posted by rioferdy5 > 2014-05-10 00:13 | Report Abuse

Cimb the market maker is right on muhibbah. Technical it is dropping to test the longs. 2.70 area is good buying area for retest over highs of 3.10

Posted by rioferdy5 > 2014-05-10 00:41 | Report Abuse

https://markets.jpmorgan.com/research/email/-lte9c9n/GPS-1339817-0

Posted by robot99 > 2014-05-21 21:22 | Report Abuse

What happened to this counter,keep dropping!any news????

Posted by rioferdy5 > 2014-05-22 09:03 | Report Abuse

Watch out, this kiddo about to ramp

Posted by rioferdy5 > 2014-05-22 09:04 | Report Abuse

Robot99, its taking a break, consolidating. Shaking out the weak hands. Short term bottom is in

Posted by samsung555 > 2014-05-24 17:39 | Report Abuse

watch closely Muhibah........funds favorite for O&G palyer.......

Posted by samsung555 > 2014-05-26 13:22 | Report Abuse

All in fun managers are coming in.........

Posted by Overweight > 2014-05-27 09:30 | Report Abuse

Always buy in when price slump, hopefully some good price rebound on today.

Posted by Stockman > 2014-05-29 18:50 | Report Abuse

Up up with contract RM61.4 million

http://www.theedgemalaysia.com/business-news/292081-muhibbah-gets-letter-of-intent-for-rm614m-gas-terminal-project.html#.U4cKsSlv0PU.twitter

Posted by robot99 > 2014-05-29 20:15 | Report Abuse

Tomorrow shoot above 3.00.....

Posted by johnny cash > 2014-05-30 00:12 | Report Abuse

Going for bigger things


Muhibbah's annualised 1Q14 core net profit made up 86% of our and 80% of
consensus full-year forecasts. This is deemed in line as subsequent quarters
should be better, driven by the record-high crane order book of RM1.1bn. We
expect the infra division to play catch-up, as over RM2bn worth of its tenders
are focused on Petronas' Rapid project. A 20-30% success rate over the next 18
months is achievable, in our view. We continue to be positive about the
company's outlook. We keep our EPS forecasts but lift our RNAV-based target
price (30% discount) as we factor in the updates in its balance sheet and
Favelle Favco's market cap. Maintain Add. Its RM61.4m civil works job for a
domestic gas terminal should kick-start other catalysts in the medium term.

1Q14 broadly in line
Order book depletion and timing of jobs. Annualised 1Q14 core net profit
made up 86% of our and 80% of consensus full-year forecasts. The results were
broadly in line as we expect stronger quarters ahead. 1Q is usually the weaker
period due to lower ship orders. The contribution from new crane orders
should be strong in 2H. We are not too worried about the low 4% yoy revenue
growth for infra due to depleting jobs. As expected, no dividends were declared.
Fat tender book at Rapid
Expect better newsflow in 2H. The group announced that it has won a
RM61.4m contract from Samsung Engineering for the civil works portion of the
Terengganu Gas Terminal Project (TGTP) in Kerteh. Though it is small in value,
we view this win positively as it starts the ball rolling for the replenishment of
the group's infrastructure order book, which previously stood at RM704m.
Things are bound to get even better in 2H - we believe the award flows for
Rapid infra works will gather momentum in 2H. Its Rapid tenders amount to a
total of RM2bn-3bn. A success rate of 20-30% is achievable given the industry
shortage of specialised contractors for oil & gas and marine-related infra.
RM1.9bn outstanding order book and counting
>60% of total orders are oil & gas related. Muhibbah's outstanding order
book of RM1.9bn comprises RM704m for infra, RM1.1bn for cranes (all-time
high), and RM57m for shipyard. It is skewed towards oil & gas related works.

Posted by johnny cash > 2014-05-30 00:13 | Report Abuse

new target price by CIMB,,, from 3.20 to 3.48

Posted by samsung555 > 2014-05-30 10:38 | Report Abuse

Market sentiment no good overall... cheap get cheaper. Patient..........

Posted by jm3525 > 2014-06-01 09:53 | Report Abuse

my target is RM 5.00.. i am still holding it..

Posted by robot99 > 2014-06-02 21:44 | Report Abuse

5.00?need to keep for 5 -10 years ......

Posted by winstontay76 > 2014-06-05 19:14 | Report Abuse

Finally let go of my Muhibbah. RM650 NET profit.

Posted by robot99 > 2014-06-09 20:46 | Report Abuse

Any good news for muhibah?

Posted by LUCAS > 2014-06-10 01:28 |

Post removed.Why?

Posted by robot99 > 2014-06-11 14:25 | Report Abuse

New high!

Posted by dhrax > 2014-06-11 15:51 | Report Abuse

Muhibah trying very hard to break 3.10...

Posted by samsung555 > 2014-06-12 13:13 | Report Abuse

Muhibbah positives priced in...

http://www.theedgemalaysia.com/business-news/294060-muhibbahs-positives-priced-in.html

Posted by jm3525 > 2014-06-26 18:26 | Report Abuse

still below 3.10.. when will this counter above 3.50..

Posted by robot99 > 2014-07-07 18:45 | Report Abuse

What is the next tp for muhibah?

Posted by robot99 > 2014-07-07 19:29 | Report Abuse

Why nowdays this forum very quiet??where all the muhibah supporters???

Posted by candygirl > 2014-07-08 00:07 | Report Abuse

coming very soon 3.50

Posted by candygirl > 2014-07-08 11:59 | Report Abuse

huatarrr...

Posted by mmtalents > 2014-07-08 12:10 | Report Abuse

CIMB give new TP 3.66

Posted by candygirl > 2014-07-08 12:16 | Report Abuse

big projet