【MUHIBAH 5703 交流专区】睦兴旺

sundaymidnight

muhibbah和favco的股息有点gay
muhibbah可以买进，我观察了2星期，很多基金在收票，美国一旦大起，必定狂炒
切忌久留，大股东时常卖股找钱

yewsin56

大股东时常卖股找钱＝千钱
其实,恶意千钱是我国证券法的漏洞，他们是玩弄“不千白不千的，千了也就赚了”过海是神仙的流氓伎俩。

boonkiat.tey

這支股和Favco 最近下跌近 50%, 請問是什麼原因? 是否值得買進持有?

[ 本帖最后由 boonkiat.tey 于 14-3-2008 10:32 PM 编辑 ]

股友

CFO的part time job 就是常出国向外国基金推销公司的股票，很卖力的那种。

slayer_boxer

我个人觉得， 1.5 ，可以买来收
理由：
1。 很多project 在外国
2。 我有一个朋友在里面做，有一些消息：最近的生意很多

sundaymidnight

大家要注意了，昨天26/3/08，muhibbah的股票被技术性推高，全部都不超过100 lot就上了一个spread，从2.5推倒2.9
我观察了很多基金从2月开始收票到现在，jp morgan, hsbc,epf等等
你们去announcement看就知道了
所以：muhibbah要冲了，建筑股要开始冲了
记得记得过热就下车，muhibbah目前最多值的3.6，买卖自负

sundaymidnight

favco和muhibbah都是不值得长期持有的股票
老板Mac Nxx Boon半退休，孩子Mac C J是muhibbah的头头，孩子Mac c h才30岁是favco的头头，女儿Mac XX是nando's连锁的头头
他们都有一个不退休的共同点：时常卖股（你有看过uncle lim, YTL, 郭老, 李老习惯性抛售自己的股票找钱吗？）
里头有几个nominees account也是mac家的
目前他们手头上的project需要很多很多资金，一旦炒高，一定要快跑
基本上，散户就是那些project的“banker

hdcyng

Company Name	:	MUHIBBAH ENGINEERING (M) BHD
Stock Name	:	MUHIBAH
Date Announced	:	04/06/2008

Type	:	Announcement
Subject	:	MUHIBBAH ENGINEERING (M) BHD (“Muhibbah” or “the Company”) AWARD FROM TANJUNG KAPAL SERVICES SDN BHD FOR THE CONSTRUCTION OF TWO (2) UNITS OF ANCHOR HANDLING TUG SUPPLY VESSEL
Contents	:	INTRODUCTION The Board of Directors of Muhibbah Engineering (M) Bhd (“Muhibbah”) is pleased to announce that its wholly owned subsidiary, Muhibbah Marine Engineering Sdn Bhd (“MME”), had been awarded repetitive orders for two (2) separate contracts by Tanjung Kapal Services Sdn Bhd, a wholly owned subsidiary of Tanjung Offshore Berhad (collectively known as "the Contract"). The Contract consists of the construction of two (2) units of Anchor Handling Tug Supply Vessel (“Vessels”) for a total consideration of approximately RM100,000,000.00 (Ringgit Malaysia: One Hundred Million Only).

hdcyng

Company Name	:	FAVELLE FAVCO BERHAD
Stock Name	:	FAVCO
Date Announced	:	01/07/2008

Type	:	Announcement
Subject	:	FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS
Contents	:	INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiaries, Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd had accepted the purchase orders ("the Contracts") for the month of June 2008 as set out in the Tables Section below. The approximate combined value of the substantial orders secured amounts to RM82.7 million.

hdcyng

General Announcement

Reference No CU-080701-53980

Company Name	:	FAVELLE FAVCO BERHAD
Stock Name	:	FAVCO
Date Announced	:	01/07/2008

Type	:	Announcement
Subject	:	FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS
Contents	:	INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiaries, Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd had accepted the purchase orders ("the Contracts") for the month of June 2008 as set out in the Tables Section below. The approximate combined value of the substantial orders secured amounts to RM82.7 million.

hdcyng

Muhhibah Engineering Lembaga Tabung Haji continued to raise its shareholding in Muhibbah Engineering (M) Bhd by acquiring another two million shares. A filing with Bursa Malaysia showed the pilgrimage fund acquired the shares on June 24 2008, raising its shareholding to 20.27 million shares or 5.31%.

hdcyng

睦興旺工程獲2.45億造船合約

• 大馬財經

2008-07-16 18:24
（吉隆坡）睦興旺工程（MUHIBAH，5703；主板建築組）接獲總值2億4500萬令吉的造船合約。
該公司發文告表示，該公司接獲Jasa Merin（馬）的造船合約，承造兩艘主要供應油輪，有關油輪將出租給區域的岸外油田勘探生產活動。
該公司預料在2012年移交這兩艘供應油輪，並預料對公司盈利作出顯著貢獻。

hdcyng

輝高獲1.66億訂單

• 大馬財經

2008-07-16 11:40
（吉隆坡）輝高（FAVCO，7229；主板工業產品組） 接獲總值1億6620萬令吉的訂單。
該公司發文告表示，獨資子公司輝高起重公司接獲4家公司，分別是大馬海事、DSME山東、三星重工和砂拉越蜆殼石油訂購 岸外搭架和搭架起重機，訂單總值為1億6620萬令吉，交貨時間介於明年杪和2010年首季。
該公司預料訂單對公司業績作出重大貢獻。

hdcyng

SUMMARY OF KEY FINANCIAL INFORMATION

30/06/2008

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2008	30/06/2007	30/06/2008	30/06/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	454,477	347,358	840,454	600,176
2	Profit/(loss) before tax	31,297	28,243	57,792	47,518
3	Profit/(loss) for the period	25,159	22,308	48,141	38,978
4	Profit/(loss) attributable to ordinary equity holders of the parent	21,529	17,988	41,803	32,620
5	Basic earnings/(loss) per share (sen)	5.64	4.81	11.10	8.72
6	Proposed/Declared dividend per share (sen)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	1.1300		1.0100

hdcyng

09-2008: Muhibbah's earnings resilient despite cost challenges

Muhibbah Engineering's (RM1.98) second quarter (2Q) FY Dec 2008 results were in line with expectations. Indeed, they were commendable considering the significant cost challenges facing the construction sector. Its order book also surged to a new record high during the quarter -- from RM4.55 billion to RM4.84 million. For the first half of 2008, revenue rose by 40% year-on-year (y-o-y) to RM840.5 million. Pre-tax profit increased by 21.6% y-o-y to RM57.8 million while net profit rose 28.2% y-o-y to RM41.8 million. For 2Q08, revenue grew 30.7% y-o-y to RM454.5 million. The main growth driver was a 75% rise in infrastructure revenues to RM254.5 million, which accounted for 56% of total revenue. Revenue for cranes rose 4.8% to RM129.9 million while shipyard fell by 10.5% to RM70.1 million. Pre-tax profit for the quarter rose by a smaller 10.8% y-o-y to RM31.3 million. Net profit increased 19.7% to RM21.5 million, slightly above 1Q08's RM20.3 million. Revenue breakdown for the quarter was: infrastructure construction 56%, cranes 29% and shipyard 15%. The disproportionately smaller quarter-on-quarter (q-o-q) growth in profits as compared with revenue was due to lower construction pre-tax margins -- which fell from 8.4% to 5.4% due to higher costs, particularly steel. Overall construction pre-tax profit increased 8.4% y-o-y to RM13.7 million in the quarter. There were also some timing issues, as the South Klang Valley Expressway (SKVE) and Doha International Airport contracts are at the preliminary stages of preparation, design and procurement. These entail costs, with revenue yet to be booked in. We expect more contributions from these projects in 2009. Among other divisions, pre-tax profit for shipyard increased 75% y-o-y to RM8.2 million in 2Q08, due to ship completions in the quarter and higher margins of 11.6%, compared with 5.9% previously. The shipyard division has been able to lock in steel supplies due to its large land storage facilities. However, the crane unit saw higher steel costs. Pre-tax profits from cranes fell 35.5% to RM4 million with pre-tax margins down from 5% to 3.1%.
Concession earnings rose 4% y-o-y to RM5.4 million. The second and third quarters of the year are usually low seasons for tourism in Cambodia. Strong order book to underpin earnings
Muhibbah is on track for another strong year ahead, supported by a large order book which will underpin earnings over the next three years. Over the last few years, its order book has grown exponentially - from just RM810 million at end-2005 to RM4.84 billion in mid-2008. There is a lot of work ahead to keep the company busy over the next 2-3 years. While the company is constantly bidding for new projects, we believe it is also quite comfortable with its current order book size. Of the current RM4.84 billion order book, RM3.2 billion is from infrastructure construction, RM413 million from cranes and RM857 million from shipyards.

Global oil & gas-related works accounted for 39% of the total order book, with 61% from infrastructure construction. Some 52.5% of the contracts are in Malaysia and 47.5% overseas, reflecting Muhibbah's growing stature as a significant international player. Shipyard order book doubled in 1H08
The shipyard division, in particular, has seen very strong growth over the past two years. Its order book rose from RM191 million at end-2006 to RM446 million in end-2007, and RM857 million in mid-2008. The company has been receiving strong orders for oil & gas marine vessels given its good track record of on-time deliveries. It is also now catering for larger vessels. The expansion of its shipyard has also raised capacity significantly, and allowed for storage of raw materials to lock in costs. We understand its steel plates are locked in immediately an order is received. Muhibbah has a total of 29.6 hectares of waterfront land in the shipyard in Port Klang, which are being utilised in stages. From 9.6ha earlier, the company has added 12ha, with another 8ha left for future expansion. Construction progress on tract, better cost visibility now
The construction sector in general has been facing severe cost pressures from rising steel and other costs over the past year. The price of steel, for instance, rose from RM2,200 to RM4,000 per tonne from Jan-June 2008, before easing to RM3,800 per tonne at present. Muhibbah has also seen its margins erode, but not significantly as it has mitigating measures in place, including hedging and stocking policies. Prices of steel, oil and commodities have eased significantly since mid-July 2008, and the general consensus is that commodity prices have already peaked. For the RM1.23 billion catering facilities project at the new Doha International Airport in Qatar, we understand Muhibbah does not assume most major raw material risks, except for steel, which accounts for 2% of costs. The contract started in late November 2007 and will last 34 months. Construction is on schedule. The RM1.1 billion SKVE project achieved financial close in February 2008. Preliminary works have started, as have design, planning and procurement. Contributions will kick in next year, rather than 2H08 which we had initially factored in our forecasts. The project lasts from February 2008 to May 2011 and involves the construction of 43km of roads and bridges linking Puchong with Pulau Indah. The US$158.3 million Yemen LNG Jetty is 75% completed and targeted for completion in June 2009. Also on track is the petroleum hub and bunkering facility in Tanjung Pelepas, Johor, for APH Sdn Bhd. The project, valued at RM447.7 million started in March 2007 and will be completed in September 2010. Meanwhile, Muhibbah's Cambodian airport concessions in Phnom Penh and Siem Reap, held under 30%-owned Societe Concessionaire des Aeroports (SCA), continue to fare well. This reflects the growth in popularity of the famed Angkor temples and Cambodia firmly on the Indochina tourism trail. The third Cambodian airport in the port and beach resort town of Sihanoukville has been completed. Landing rights negotiations are ongoing but full commercial operations may take time due to a shortage of quality hotel rooms in the area, which is being addressed by new construction. Positive outlook, foreign selling pressure eases
We are reducing our 2008 net profit forecast by 17% to RM84.2 million. This is mainly due to deferred recognition of maiden profits from the SKVE and Doha projects. These will be more meaningful in 2009 rather than 2H08 as we had earlier expected, as they are in various preliminary stages of works. We expect net profit to rise 20% to RM84.2 million in 2008 and 19.2% to RM100.4 million in 2009. The stock's P/E valuations are very attractive at 8.8 and 7.4 times 2008-09 earnings. We maintain our Buy recommendation. Muhibbah's shares have fallen sharply over the last year due to the market sell-off and its earlier high levels of foreign share ownership. Foreign investors have been exiting Malaysian equities in recent months. Its share price has halved from its peak a year ago and is trading at its lowest since March 2007 -- although the order book has grown by over three-folds since then and Muhibbah has truly evolved from a niche company into a significant international infrastructure player. The company's fundamentals remain very positive with locked-in earnings over the next 2-3 years. There is also better cost visibility now for the sector, as compared to the last six months when commodities and raw materials were escalating sharply. We also note that its foreign shareholding has declined significantly after months of selling -- a sign that selling pressure may be easing and downside risks from here should be relatively limited. On July 17, 2008 and June 17, 2008, HSBC International Trustees Ltd of Hong Kong and JP Morgan Chase & Co ceased to be substantial shareholders, respectively. Meanwhile, the EPF emerged as a substantial shareholder on May 7, 2008, and has been aggressively increasing its stake. From a shareholding of 23.9 million shares in May 2008, the EPF had built up its stake to 29.9 million shares on Aug 25, 2008.

hdcyng

顏曉淇：技高一籌
睦興旺工程
短期看淡
用“直瀉”來形容睦興旺工程（MUHIBAH，5703，主板建築）股價並不為過。 今年1月開始，該股從4.20令吉迅速滑落到目前1令吉水平，9個月內折價近2/3，無重力般的跌勢輕易滑破雙重頂頸線（A1-A2）2.72令吉，迄今還未看到勢頭轉強跡象。 以07年7月26日的盤中最高價4.42令吉來計算，睦興旺工程已觸及1.02令吉下跌目標預測值，惟股價暫時還找不到有力支撐點。

[ 本帖最后由 hdcyng 于 11-10-2008 12:12 AM 编辑 ]

密码侦探

差点忘了这股,从好象10多快最高,掉到97SEN

free2010

原帖由 密码侦探 于 11-10-2008 12:05 AM 发表
差点忘了这股,从好象10多快最高,掉到97SEN

这股已经split了啦

hdcyng

原帖由 密码侦探 于 11-10-2008 12:05 AM 发表
差点忘了这股,从好象10多快最高,掉到97SEN

split  过了
应该是算 1.94 吧!
我买的时候很便宜
好像卖RM7块多  忘了
有兴趣自己爬贴

free2010

原帖由 hdcyng 于 11-10-2008 12:22 AM 发表


split  过了
应该是算 1.94 吧!
我买的时候很便宜
好像卖RM7块多  忘了
有兴趣自己爬贴

应该在RM４－RM５ 吧