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> Muhibbah Engineering, At extreme lows... to buy??

azrinsani
post Nov 4 2009, 07:03 AM


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Just came across a good counter, Muhibbah Engineering, (MUHIBAH, 5703)

The price is extremely low... RM 1.13... used to be RM4.00 in 2007
PE Ratio is also low, RSI 29.48, alway have +income

Has book order of RM 4 Billion

The only confusion is that the directors have not been selling or buying stocks.. since 2007
Maybe they're cheeky directors, don't buy stock directly....

Any insights to this company is appreciated
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rosdi1
post Nov 11 2009, 12:15 AM


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QUOTE(azrinsani @ Nov 4 2009, 07:03 AM)
Just came across a good counter, Muhibbah Engineering, (MUHIBAH, 5703)

The price is extremely low... RM 1.13... used to be RM4.00 in 2007
PE Ratio is also low, RSI 29.48, alway have +income

Has book order of RM 4 Billion

The only confusion is that the directors have not been selling or buying stocks.. since 2007
Maybe they're cheeky directors, don't buy stock directly....

Any insights to this company is appreciated
*
Azrinsani hi

When I ran my scan today(09/11) MUHIBAH just pop up:
I recommend a trade of:
Buy: 1.16 or above
Sell: first target 1.27 second target 1.42 (2 weeks)
Stop: 1.12

Any comments or views


This post has been edited by rosdi1: Nov 11 2009, 12:18 AM
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tatatan
post Nov 11 2009, 01:25 AM


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Abg Rosdi,

Any other share to recommend beside Bstead and Muhibah?

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rosdi1
post Nov 11 2009, 02:50 AM


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QUOTE(tatatan @ Nov 11 2009, 01:25 AM)
Abg Rosdi,

Any other share to recommend beside Bstead and Muhibah?
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Tatatan
For me I will just buy one or both of the 2 depending on which have the upward momentum .
Yang lain2 tu i tak tau la.
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eslife
post Nov 11 2009, 08:09 AM


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Any news this month? Yesterday price seem increase a lot but then fall down
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rosdi1
post Nov 14 2009, 12:56 PM


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I think this is almost dead.
I move my stop tighter to 1.14
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MagicEcho
post Oct 11 2010, 08:26 PM


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Anyone could explain why the price & volume suddenly run up so high today? I didn't see any announcement from Muhibah..
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lsmpro80
post Oct 11 2010, 09:59 PM


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QUOTE(MagicEcho @ Oct 11 2010, 08:26 PM)
Anyone could explain why the price & volume suddenly run up so high today? I didn't see any announcement from Muhibah..
*
big sharks hungry that's why... drool.gif drool.gif drool.gif
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MagicEcho
post Oct 12 2010, 07:32 PM


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QUOTE(lsmpro80 @ Oct 11 2010, 09:59 PM)
big sharks hungry that's why...  drool.gif  drool.gif  drool.gif
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I see.
We can't always get the reason for everything...Now the share price is back to normal..
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max2k
post Oct 13 2010, 10:39 PM


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i used to invest in this stock... very speculative stock as used to have govt project to support..
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MagicEcho
post Oct 15 2010, 12:25 AM


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QUOTE(max2k @ Oct 13 2010, 10:39 PM)
i used to invest in this stock...  very speculative stock as used to have govt project to support..
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I bought this stock about 2 years ++ ago. It was rm3.xx that time. Watching the price keep going down until now... What to say?
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mikehwy
post Oct 15 2010, 08:44 AM


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is today the right time to enter at rm1.00? its budget day !!!
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SKY 1809
post Oct 15 2010, 08:50 AM


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Muhibah has a good chance to get involved in the 7 ETPs.

Today should see some actions on construction stocks

Just my view only.


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mikehwy
post Oct 16 2010, 07:57 PM


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very strong play at above rm1.00. shd there be support comes monday, there's going to be a good intra day gain?
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cypher
post Oct 18 2010, 11:13 AM


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Muhibah is just few building away from my office...they good meh? i only know they install a pump and pump out all the water when flood and make the road flood...
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MagicEcho
post Oct 24 2010, 10:07 PM


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QUOTE(cypher @ Oct 18 2010, 11:13 AM)
Muhibah is just few building away from my office...they good meh? i only know they install a pump and pump out all the water when flood and make the road flood...
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Interesting laugh.gif
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ahsiah
post Oct 26 2010, 10:06 PM


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My brother is recommending this stock to me to buy, I am not sure is it worth to hold.
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andak15
post Oct 27 2010, 12:40 AM


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QUOTE(ahsiah @ Oct 26 2010, 07:06 PM)
My brother is recommending this stock to me to buy, I am not sure is it worth to hold.
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Who is yr brother and what link does he has with Muhibbah?
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ahsiah
post Oct 27 2010, 08:45 AM


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QUOTE(andak15 @ Oct 27 2010, 12:40 AM)
Who is yr brother and what link does he has with Muhibbah?
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He just like normal stock share invester. Don't be influent by my previous statement.


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powermatch231
post Nov 8 2010, 11:32 PM


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Muhibah Engineering price now increase to RM1.14. Any interested news behind?
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mikehwy
post Nov 10 2010, 11:34 PM


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its staying very strongly above 1.20 on tues and wed. time to shoot higher. beautiful movement for over 1 week. pls take note.
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sulifeisgreat
post Nov 11 2010, 11:41 AM


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klse down brows.gif
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SKY 1809
post Nov 11 2010, 01:14 PM


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QUOTE(sulifeisgreat @ Nov 11 2010, 11:41 AM)
klse down  brows.gif
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Where you get such news. notworthy.gif

KUALA LUMPUR: CIMB Equities Research begins coverage on Muhibbah Engineering Bhd with a Trading Buy call and target price of RM2, pegged to a 20% discount to its RNAV.

The research house said on Thursday, Nov 11 that the company is a midsized contractor that has diversified into cranes, shipbuilding and airport/road maintenance concessions.

“In addition to riding on the improving outlook for project flows in both the local and overseas markets, Muhibbah may soon see a resolution to the payment issue for the Asia Petroleum Hub project, which has been a major drag on its share price.

In addition to the likely resolution of the APH project, CIMB Research said the share price could be catalysed by (i) better-than-expected quarterly performances, (ii) more contract wins, and (iii) a recovery in investors' sentiment on the stock as its foreign shareholding has plunged from 41% in 2007 to a low of 6% now.

This post has been edited by SKY 1809: Nov 11 2010, 01:14 PM
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Eng_Tat
post Nov 11 2010, 02:10 PM


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hmm, muhibah still can enter? now already 1.38
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sulifeisgreat
post Nov 11 2010, 03:01 PM


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the clue came from u notworthy.gif

then cross check TA, refer http://forum.lowyat.net/topic/1630998, Post #6
question is : who were the buyers with volume of 60k at price $1.1? what did they know & when did they know? wink.gif
other than that, I got no access to insider news & those high tech costly FA analysis software smile.gif

Attached Image


QUOTE(SKY 1809 @ Oct 15 2010, 08:50 AM)
Muhibah has a good chance to get  involved  in the 7 ETPs.

Today should see some actions on construction stocks

Just my view only.
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SKY 1809
post Nov 11 2010, 03:59 PM


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QUOTE(sulifeisgreat @ Nov 11 2010, 03:01 PM)
the clue came from u  notworthy.gif

then cross check TA, refer http://forum.lowyat.net/topic/1630998, Post #6
question is : who were the buyers with volume of 60k at price $1.1? what did they know & when did they know?  wink.gif
other than that, I got no access to insider news & those high tech costly FA analysis software  smile.gif

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Target Price now is RM Two

This post has been edited by SKY 1809: Nov 11 2010, 08:40 PM
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mikehwy
post Nov 11 2010, 04:53 PM


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the 60k purchase? i bought 30 ... haha ....

shoot man. just my blind hope.

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cypher
post Nov 11 2010, 04:56 PM


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i bought at RM 1, but 10 lot only.. LOL...

This post has been edited by cypher: Nov 11 2010, 04:56 PM
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popcorn513
post Nov 11 2010, 05:02 PM


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QUOTE(cypher @ Nov 11 2010, 04:56 PM)
i bought at RM 1, but 10 lot only.. LOL...
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Make profit then enough rclxms.gif
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SKY 1809
post Nov 11 2010, 08:42 PM


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Trading Buy New target RM 2

This post has been edited by SKY 1809: Nov 11 2010, 08:43 PM


Attached File(s)
Attached File  muhibbah.pdf ( 1.11mb ) Number of downloads: 51
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mikehwy
post Nov 11 2010, 08:50 PM


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it stayed well well below rm1.0 and floated to just above rm1.0 about 1.5 to 2 months back. worth to keep an eye on. go go go !
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SKY 1809
post Nov 11 2010, 09:06 PM


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Above rm 4, at today price of rm 1.39 is still very cheap

When the CI was around 1500+ in Year 2008


Can Muhibbah repeat the past glory ?

This post has been edited by SKY 1809: Nov 11 2010, 09:46 PM


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xenon_aniki
post Nov 12 2010, 06:47 AM


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just sell at 1.14 on monday, when the stock started to hot. now i want to buy back.. huhu
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SKY 1809
post Nov 12 2010, 08:25 AM


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deleted

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mikehwy
post Nov 12 2010, 08:50 AM


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read a report somewhere yday, foreign holding declined from over 46%(not too sure) to just 6% this year. just hope that the mat salleh comes back and buy it.

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yok70
post Nov 12 2010, 09:55 AM


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QUOTE(mikehwy @ Nov 12 2010, 08:50 AM)
read a report somewhere yday, foreign holding declined from over 46%(not too sure) to just 6% this year. just hope that the mat salleh comes back and buy it.
*
that will cheong gao gao! rclxms.gif


Added on November 12, 2010, 9:56 am
QUOTE(xenon_aniki @ Nov 12 2010, 06:47 AM)
just sell at 1.14 on monday, when the stock started to hot. now i want to buy back.. huhu
*
This morning it has been profit taking...just mild mild, not as serious as i thought. Probably a good time to buy back? hmm.gif


This post has been edited by yok70: Nov 12 2010, 09:56 AM
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sulifeisgreat
post Nov 12 2010, 03:28 PM


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its fa is fine & still hanging on for the turbulent ride, since current price still way above breakout price bruce.gif
1.10 is the breakout level, consider 1.05 as support level
if ur shares not much damage during this pulback, semuanya ok icon_rolleyes.gif

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SKY 1809
post Nov 12 2010, 05:02 PM


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Thanks a lot. sifu. notworthy.gif icon_rolleyes.gif


QUOTE(sulifeisgreat @ Nov 12 2010, 03:28 PM)
its fa is fine & still hanging on for the turbulent ride, since current price still way above breakout price bruce.gif
1.10 is the breakout level, consider 1.05 as support level
if ur shares not much damage during this pulback, semuanya ok  icon_rolleyes.gif

» Click to show Spoiler - click again to hide... «
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harry1125
post Nov 12 2010, 05:11 PM


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Close 1.39
% Chg 11.20
RPS 63
EPS 16
SMR C+
Acc/Dis A+
Profit Size 60
ROE 0.13
P/E Ratio 1263.64

PE so high ?!
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SKY 1809
post Nov 12 2010, 05:44 PM


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QUOTE(harry1125 @ Nov 12 2010, 05:11 PM)
Close 1.39
% Chg 11.20
RPS 63
EPS 16
SMR C+
Acc/Dis A+
Profit Size 60
ROE 0.13
P/E Ratio 1263.64

PE so high ?!
*
PE ratio is Price divided by EPS 1.30/.16 = 8.12

Price is rm 1.30 closing

EPS is given by you. May not be that high.

Or else check the report from CIMB in this thread

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third_princess
post Nov 18 2010, 12:57 PM


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still worth to buy?

any advice or guidelines avail for this stock smile.gif thanks in advance
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SKY 1809
post Nov 18 2010, 01:16 PM


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Can read price from attachment.

This post has been edited by SKY 1809: Nov 18 2010, 01:17 PM


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Attached File  muhibbah.pdf ( 324.24k ) Number of downloads: 130
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mikehwy
post Nov 19 2010, 06:42 PM


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go for it. i think its showing strong resistence at 1.30 for last week.

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ngkhanmein
post Dec 17 2010, 03:57 PM


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i think will go up to rm1.6-1.7 got divided
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yok70
post Dec 17 2010, 07:22 PM


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QUOTE(ngkhanmein @ Dec 17 2010, 03:57 PM)
i think will go up to rm1.6-1.7 got divided
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prefer 1.7 tongue.gif
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mikehwy
post Dec 18 2010, 11:46 AM


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haha, still someoe is playing well and supporting this counter. i read from sin chew that it has cash reserve of ver rm100m, and maybe by 40% more if it continues with its recent good performance. tp rm2.00?
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skiddtrader
post Dec 18 2010, 12:10 PM


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QUOTE(mikehwy @ Dec 18 2010, 11:46 AM)
haha, still someoe is playing well and supporting this counter. i read from sin chew that it has cash reserve of ver rm100m, and maybe by 40% more if it continues with its recent good performance. tp rm2.00?
*
Hmm Sin Chew stated more than RM100m reserves? How did they come to that figure I wonder.
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mikehwy
post Dec 18 2010, 02:51 PM


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let me get back to the newspaper and try to make a clearer pic here. it was abt 2 - 3 days ago ....
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SKY 1809
post Dec 18 2010, 03:45 PM


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"Cash Reserve" is the one of the abused modern term .


Cannot think of a " Reserve" is purely made up of CASH nowaday ( from profit point of view )

How you define a " Cash Reserve " anyway ?, and unrelated to PROFIT of an entity ?


Just my view.

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mikehwy
post Dec 19 2010, 07:58 PM


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alright, let me try translating from sin chew, friday's financial edition: -

Muhibah 5703, good chaqnce to revitalise APH project, thus increases its 2011 and 2012 forecast, by 20 and 30%, and CASH to increase by 135%, from rm220m to rm520m. NTA to increase by 30-40 sen, from rm2.85 to rm2.95. near term tp = rm2.00.

hope my translation is ok ... haha, looking good right? ! ?


Added on December 19, 2010, 8:00 pm
QUOTE(SKY 1809 @ Dec 18 2010, 03:45 PM)
"Cash Reserve"  is the one of the abused modern term .
Cannot think of a " Reserve"  is purely made up of CASH nowaday ( from profit point of view )

How you define a " Cash Reserve "  anyway ?, and unrelated to PROFIT of an entity ?
Just my view.
*
not too sure if the analysts are using the accounting standards to define such term 'cash reserve', or the anticipated accounting treatment ... got no idea at all ...

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rosdi1
post Aug 9 2011, 11:16 PM


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This conter had dropped a lot.
So there are good value here...
Today it close up on a heavier volume..
A friend who follow this counter said that this can be agood buy..???
Anyone know anything more on this...
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LittleBro
post Aug 9 2011, 11:35 PM


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EPS too low. Deserve to be 1.20 or below. Not good for long term.


Added on August 9, 2011, 11:40 pm
QUOTE(LittleBro @ Aug 9 2011, 11:35 PM)
EPS too low. Deserve to be 1.20 or below. Not good for long term. See the date of the last post. Old liao. I show you why is so cheap right now.

This one from June 18 2011.

QUOTE
PETALING JAYA: Shares of construction company Muhibbah Engineering (M) Bhd closed higher at RM1.60 yesterday with some 28 million shares traded.

The shares fell 20% to RM1.52 on Thursday after news that Asia Petroleum Hub (APH), a big client, was in receivership from CIMB Bank.

At 9.15am yesterday, its shares were up one sen at RM1.53 with 3.02 million shares traded.

Muhibbah's shares extended their gains upon resuming trade at 11.39am following a one-hour trading halt.

The counter rose 11 sen to RM1.63 at 11.45am with 15.46 million shares transacted after the group told Bursa Malaysia there were reasonable grounds to hold that the receivables from APH were recoverable in due course.

It said that according to APH, it had identified an investor and was in negotiations to fully finance the completion of the APH project, including making due payments to contractors.

“As this is an oil and gas project with a secured business and the said investor due to finalise its financing transaction with APH, there are reasonable grounds to hold that the receivables are recoverable in due course,” it said.

As one of the contractors for APH, Muhibbah was awarded marine piling and jetty works worth RM820mil.

CIMB Research Report on Thursday said the worst-case scenario for Muhibbah was a write-down of the RM300mil due from APH, which would push Muhibbah into losses for the current financial year.

Kenanga Research in a report yesterday said that it viewed the news on APH as negative to Muhibbah in the short term.

Going forward, it said Muhibbah's prospect was still positive riding on its RM2.8bil order book for at least another three years.


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rosdi1
post Aug 11 2011, 09:54 AM


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QUOTE(rosdi1 @ Aug 9 2011, 11:16 PM)
This conter had dropped a lot.
So there are good value here...
Today it close up on a heavier volume..
A friend who follow this counter said that this can be agood buy..???
Anyone know anything more on this...
*
Muhibah continue to make interesting move after yesterday 8%.
In this bad market going against the trend worth a glance.....
Anyone knows a good reason why?
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Bonescythe
post Aug 11 2011, 11:20 AM


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QUOTE(rosdi1 @ Aug 11 2011, 09:54 AM)
Muhibah continue to make interesting move after yesterday 8%.
In this bad market going against the trend worth a glance.....
Anyone knows a good reason why?
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I was told receivables will not go default
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ykh
post Aug 11 2011, 06:29 PM


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http://www.muhibbah.com/IR/news_view.php?nid=894
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skiddtrader
post Aug 26 2011, 11:26 PM


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Just wondering, I just glanced through their recent quarterly report and compared to the preceeding quarter results.

Checking their operation cash generated, they had any influx of 176mil in cash compared with negative 33 mil in MArch 2011.

That is more than 200 mil difference from the beginning of the year. Any Muhibbah vets here has any idea why?
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mikehwy
post Dec 9 2011, 11:17 PM


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The price OS still dropping. Soon penny stock? I don't think so.
I m giving little support each week.
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mikehwy
post Mar 20 2013, 09:30 PM


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almost forgot this beauty after so long. any pals into it?

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skiddtrader
post Mar 21 2013, 10:26 AM


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QUOTE(mikehwy @ Mar 20 2013, 09:30 PM)
almost forgot this beauty after so long. any pals into it?
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Top volume for today. Maybe they are getting some cash back from the defaulted payments or a new contract.

Last I saw was 80+ sens. Now already RM1.20+. 50% gains already less than 1 month.
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mikehwy
post Mar 21 2013, 11:51 AM


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but quite nagatice comments from CIMB researches. it recommended to sell on strength, near term.
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orientaliew
post Jul 17 2013, 07:41 PM


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this stock is the star of the week, up straight 3 days. TP was upgrade to RM3.10. ohmy.gif
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davinz18
post Aug 30 2013, 03:39 PM


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Muhibbah Engineering’s Q2 earnings up 21.5% to RM20.73mil

Muhibbah Engineering Bhd reported earnings of RM20.73mil in the second quarter of the financial period ended June 30, 2013, a 21.5% improvement year-on-year.

This was despite revenues declining 35% to RM406.6mil from RM625.33mil.

Earning for the cumulative six months period for the financial year saw a similar margin of improvement at 20.7%, coming in at RM40.53mil against RM33.58mil on revenues of RM792.8mil and RM1.044bil respectively.

Basic earnings per share in Q2 rose to 5.09 sen from 4.20 sen previously, and for the first half of the year to 9.96 sen from 8.26 sen. No dividend was declared.

The company said as of Aug 22 this year, its total outstanding secured order book stood at RM2.02bil with orders up to 2016. This comprised RM1.05bil from its infrastructure construction division, RM832mil from the cranes division and RM136mil from the shipyard division.

It added that having been awarded Petronas’ “offshore facilities const-major onshore fabrication” in June this year, it had received invitation to participate in O&G projects, which should contribute positively to the current and future financial years.
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orientaliew
post Sep 1 2013, 11:50 PM


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for the past 2 weeks the stock already corrected quite significantly.
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davinz18
post Sep 20 2013, 05:12 PM


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Today (20/9/13) closed at RM2.39, down 1c
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wil-i-am
post Nov 6 2013, 06:00 PM


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AWARD OF DESIGN AND CONSTRUCTION CONTRACTS FOR THE TERMINAL BUILDING AND THE REFURBISHMENT OF THE PHNOM PENH AND SIEM REAP AIRPORTS IN CAMBODIA TO THE JOINT VENTURE COMPRISING MUHIBBAH ENGINEERING (M) BHD (“MUHIBBAH” OR “THE COMPANY”) AND VINCI CONSTRUCTION GRANDS PROJECTS (“VCGP”)

http://www.bursamalaysia.com/market/listed...cements/1453721
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orientaliew
post Nov 6 2013, 09:51 PM


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no estimated value announced? tongue.gif
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wil-i-am
post Nov 8 2013, 10:35 PM


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Kenanga recommend Outperform with FV @ 3.00
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davinz18
post Nov 29 2013, 06:18 PM


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Muhibbah 3Q profit up 5% on lower minority interest

Muhibbah Engineering Bhd's net profit rose 5% to RM20.11 million in the third quarter ended September 30, 2013 (3QFY13) from RM19.12 million a year earlier. Profit growth came mainly on lower minority interest as revenue fell.

In a statement to the bourse, Muhibbah, a builder, said revenue fell to RM475.44 million from RM580.18 million.

Nine-month (9MFY13) net profit rose to RM60.64 million from RM52.71 million a year earlier. Revenue however declined to RM1.27 billion from RM1.62 billion.

Muhibbah said 9MFY13 revenue decline was "due to delivery of major construction projects in the previous year".

Muhibbah said it has received invitation to participate in oil and gas support-services projects for Petroliam Nasional Bhd (Petronas).

This follows the award of an "offshore facilities construction-major onshore fabrication" licence by Petronas to Muhibbah in June this year.

"This is expected to have a positive contribution to the Muhibbah group for the current and future financial years," Muhibbah said.
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