MUHIBBAH ENGINEERING (M) BHD

KLSE (MYR): MUHIBAH (5703)

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Last Price

0.85

Today's Change

-0.005 (0.58%)

Day's Change

0.835 - 0.85

Trading Volume

453,300


16 people like this.

3,672 comment(s). Last comment by ming 22 hours ago

fortunebullz

2,000 posts

Posted by fortunebullz > 2014-11-26 18:18 | Report Abuse

Bought Muhibbah at 2.15! Better than SKPetro!

8Huat8

70 posts

Posted by 8Huat8 > 2014-11-26 20:05 | Report Abuse

Morgan back for munibah.,will push up to 3.oo

Posted by XXXSorosXXX > 2014-11-26 22:40 | Report Abuse

today near evening price shot up so fast...heartbeating moment ! haha

xiaxiwola

34 posts

Posted by xiaxiwola > 2014-11-26 22:42 |

Post removed.Why?

xiaxiwola

34 posts

Posted by xiaxiwola > 2014-11-26 22:43 | Report Abuse

from 2.11, 20% is how much har?
ans: 2.53.

OptimusM ask ppls to buy on 17th, OTB say OptimusM bring ppls to holland.

see now how??

lwyy60

477 posts

Posted by lwyy60 > 2014-11-27 07:02 | Report Abuse

downtrend.....see carefully.......risk is thr...dont blind ur eyes..zzz

vews08

494 posts

Posted by vews08 > 2014-11-28 08:12 | Report Abuse

Crude oil price drop below 70 dollar. No good news for o&g company. Guest today share price will drop to 1.50. Everybody be careful.

pisangkuat

1,060 posts

Posted by pisangkuat > 2014-11-28 10:27 | Report Abuse

US already make their stand...ask their ally saudi not to cut production...is to suffocate ISIS....msia already make the stand clear but somehow they still some voice hence Petronas hv to suffer fr it. Should msia not signing the TPPA...lagi worst...kena hentam. Wht is msia with 30mil population can do?

Posted by XXXSorosXXX > 2014-11-28 16:14 | Report Abuse

this forum is full of fake analysts who lives in their own world ..simply making forecast with their six sense haha..

almufathal

1,360 posts

Posted by almufathal > 2014-11-29 17:03 | Report Abuse

hahahahha.....semua tunjuk pandai....

power96

257 posts

Posted by power96 > 2014-12-01 10:12 | Report Abuse

Can go as slow as 1.80

power96

257 posts

Posted by power96 > 2014-12-01 10:19 | Report Abuse

Run run

Posted by monk2010 > 2014-12-01 11:20 | Report Abuse

wow....that a big drop today!

power96

257 posts

Posted by power96 > 2014-12-01 15:14 | Report Abuse

Plenty of room to go down as the net asset pershare is only 1.4

Posted by Raymond Tiruchelvam > 2014-12-02 02:47 | Report Abuse

we shd move towards singapore structure..... for analysts where they are incentivised by commissions from positive gains from their recommendation... especially on the short calls

Posted by Nyalas1955 > 2014-12-02 03:37 | Report Abuse

Did not expect it to drop so much.
Bought at 2.23 and sold at 2.33 recently.
Glad that I did not keep it for long term at such a time like now.

Posted by Nyalas1955 > 2014-12-02 03:41 | Report Abuse

Today the price drop substantially . The candle stick chart showed the first red candle. Just waiting for two more days the see the next to downward red candles downward.

Posted by Nyalas1955 > 2014-12-02 04:18 | Report Abuse

From recent history major drop of 50 to 70 sen.
IF , a big if history is a guide....
Yesterday drop of 30 sen.
Today and tomorrow I expect it to drop another 40 sen to 1.60 by Wednesday.
By then, should be able to buy some.

rookiemy

357 posts

Posted by rookiemy > 2014-12-02 20:28 | Report Abuse

May see a rebound towards RM2.2.

Posted by Nyalas1955 > 2014-12-02 20:50 | Report Abuse

I was wrong!

Did not drop further.

Will try to buy some at 2.00 and more below it, IF it falls further.

Will go for only small profit each day in such a falling market. Not to keep for long term at the moment.

mililia

227 posts

Posted by mililia > 2014-12-02 22:33 | Report Abuse

The chart for Muhibbah is showing bullish Harami. It is a reversal sign and I'm not surprise the share price will re-rate back to RM2.25 easily in the immediate term. Of all the O&G counter only selected few like Muhibbah managed to regain back some losses. It's a clear sign of oversold.

That's my 2 cent.

mililia

227 posts

Posted by mililia > 2014-12-03 20:26 | Report Abuse

Muhibbah was awarded contract by Westport. Check Bursa's announcement.

power96

257 posts

Posted by power96 > 2014-12-03 21:39 | Report Abuse

Buy buy

mmtalents

506 posts

Posted by mmtalents > 2014-12-04 11:51 | Report Abuse

drop drop drop
good news has no effect now

mililia

227 posts

Posted by mililia > 2014-12-05 08:44 | Report Abuse

If one sit down and think slightly longer term, then you'll realized that the weakness in share price is due to weak crude oil price. But has the fundamental of the company change? To me, it has not. They are basically not just an O&G contractor. Muhibbah is a diversified company with concession in Cambodia, shipyard, holdings company for Favelle Favco and of course experienced contractors which has exposure in marine engineering, O&G related project and infrastructure. So Muhibbah cannot be solely link to O&G. That said, if that is market perception, one fail to realized that the project they are confident securing are investment that has been approved by Petronas and classified as top priority because it brings values to the country like jobs and moving into higher chain. CAPEX which Petronas will reduce are like foreign investment like their Canadian's investment and etc. All local projects will continue because it's good for the country.

Just don't jump into bandwagon of selling. That's my 2 cent.

Posted by Jim Sted Power > 2014-12-05 12:23 | Report Abuse

milililia good. I agreed with you

samsung555

478 posts

Posted by samsung555 > 2014-12-07 17:59 | Report Abuse

Muhibah can be more optimistic this coming week…….

The One

2,949 posts

Posted by The One > 2014-12-09 03:24 | Report Abuse

• Well.. oil prices drop almost 4%. Still.. brace for impact ya..

mililia

227 posts

Posted by mililia > 2014-12-09 07:28 | Report Abuse

Oil price drop 4% funnily for the good reason. It drops because hedge funds increase its bet the oil price has found its bottom. Now we have believers that oil price has bottomed yet market are concern. What a fickle world. You can read more on Bloomberg news.

deepmarine

464 posts

Posted by deepmarine > 2014-12-09 09:33 | Report Abuse

Bloomberg news??

Joel

4,580 posts

Posted by Joel > 2014-12-09 16:10 | Report Abuse

link pls.

wolf1

721 posts

Posted by wolf1 > 2014-12-09 16:50 | Report Abuse

damn...drop again...nonstop

mililia

227 posts

Posted by mililia > 2014-12-10 00:22 | Report Abuse

Does it matter this is the news? The share price going down coincide with the drop in oil price again. Too much fear for this counter just because of weak oil prices. That's too bad but also provides opportunity.

If anyone believe in the fundamental of this company and thinks they are going to secure RAPID project in couple of months plus strong earnings, then current price provides good opportunity. Double digit growth, potential clinging major contract at RAPID at 7x PER, then this a cheap counter.

That's my 2 cent.

mililia

227 posts

Posted by mililia > 2014-12-10 00:44 | Report Abuse

No hard selling but just some analysis and assumption. If one notice on the announcement Tabung Haji bought 15,000 shares from the market on November 28th. The question is which respectable billion dollar fund bought only 15,000 shares. So why only 15k shares? The answer in my opinion is because while they are buying on that day, all of the sudden the share price drops substantially in a day! From 2.40 to 2.20. So they cancel the order and end up with 15,000 shares.

Then Tabung Haji stops buying until share price show some resemblance of stability. Then on Dec 2nd and 3rd, they are back buying 700,000 shares. Just announced today. You can check. This has been my indicator on whether the Fund will continue buying after accumulating them from 5% up to 10%. In my opinion, if they stop buying after reaching that level then it is bad cause no one will push up the share price. But today's announcement just show they are still buying and may need more. I'm not surprise, they will push it all the way to 15%. Syariah funds really have limited counters where they can plow their money in KLCI. If they want syariah compliance AND good company, I think they choice is limited. That's my opinion.

Bear in my mind LTAT, EPF, KWAP and PNB which has syariah mandate has not appear in the 5.0% shareholding that require disclosure. Still has opportunity in my opinion.

GiveMeFive

165 posts

Posted by GiveMeFive > 2014-12-10 06:50 | Report Abuse

announcements from bursa website are good indicators on fund managers movements, but unfortunately they were usually outdated (buy on Dec 2, 3 only announced now). Just when you think the funds are buying, they are actually selling already :(

mililia

227 posts

Posted by mililia > 2014-12-10 07:20 | Report Abuse

Yes you are right that there is a delay when comes to announcement. But I have to disagree with when you talk about selling. Anyone with holding above 5% has to disclose their shareholding whether they are buying or selling. So, until we see an announcement Tabung Haji is selling in couple of days. Then I'll stick to my assumption.

GiveMeFive

165 posts

Posted by GiveMeFive > 2014-12-10 07:43 | Report Abuse

What I meant is due to the delay in announcement on funds buying/selling, this indicators arr rendered useless for trading purposes.

GiveMeFive

165 posts

Posted by GiveMeFive > 2014-12-10 08:23 | Report Abuse

Just to elaborate, assume the announcements (buy or sell) are always delayed by 4 days. When a fund manager bought aggressively on 01/12/14, it would only announced on 05/12/14 and you bought to react to that piece of good news. Four days later (09/12/14), you then noticed the announcement of an even more aggressive selling of that same fund manager on 05/12/14 (the day you reacted and buy). You are trapped because of the earlier news of the aggressive buying on 01/12/14. :(

Datokim

600 posts

Posted by Datokim > 2014-12-10 08:48 | Report Abuse

Jangan bis ing bising semua funds including TH also selling like hell last 3 weeks !
I heard sell order left 3 to 4 million only n all will b taken up and will hav a very strong rebounce today n tomorrow !
I heard only ,not guarantee truth............just watch the show.

Posted by wong821205 > 2014-12-10 12:04 | Report Abuse

Datokim need to wait for afternoon show then (if predictable uP uP)

wolf1

721 posts

Posted by wolf1 > 2014-12-11 09:29 | Report Abuse

drop...drop...drop...KNNNNNNN...when stop drop

wolf1

721 posts

Posted by wolf1 > 2014-12-11 09:41 | Report Abuse

Damn....I in 1.98 200lots...now 1.83 200lots....CBB...KNN falling knife.....if dare drop to 1.50 lah...I in 1000lots...

Joel

4,580 posts

Posted by Joel > 2014-12-11 10:46 | Report Abuse

跌倒RM1.50 不是梦。

shan75

319 posts

Posted by shan75 > 2014-12-11 16:02 | Report Abuse

Simple, just buy and rilex !

mmtalents

506 posts

Posted by mmtalents > 2014-12-11 17:05 | Report Abuse

1.75?? seriously?

gunse007

66 posts

Posted by gunse007 > 2014-12-11 17:08 | Report Abuse

i will buy at 0.82

wolf1

721 posts

Posted by wolf1 > 2014-12-11 17:21 | Report Abuse

damn.....drop non stop

mmtalents

506 posts

Posted by mmtalents > 2014-12-11 17:53 | Report Abuse

when 0.82 u will said u will buy when 0.20

Noriko

5 posts

Posted by Noriko > 2014-12-12 00:23 | Report Abuse

2morrow rm 2.00

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