【MUHIBAH 5703 交流专区】睦兴旺

新立机构

對啊，有問題嗎。。。。？

neo@cari

原帖由 新立机构 于 2-10-2006 10:05 PM 发表
對啊，有問題嗎。。。。？

请问员工ESOS一股是多少钱？

新立机构

ESOS 在八月三號已經到期了。那時的价錢是一塊錢（一粒一千塊）。聽説老板又有可能會發令一批的ESOS.

neo@cari

一塊錢，好发，恭喜了。muhibah的价钱已经接近几个分析员的目标价RM2.2x了，你觉得还有上升空间吗？

新立机构

我覺得還會有上調的可能性，合理的價格應該是 RM 2.50.

无花果

合理价应该是超过RM2.50。仅仅是个人意见...

以下文章是来自 Insider Asia.



06-10-2006: Muhibbah's stream of good news

Muhibbah Engineering (RM2.16) has benefited from a stream of good news over the past few months, including the successful listing of its crane manufacturing unit Favelle Favco, a major LNG construction contract in Yemen, the opening of a new airport terminal in Siem Reap, Cambodia and the securing of a third Cambodian airport concession in Sihanoukville.

As a result, Muhibbah's share price has rallied sharply, particularly with increasing interest from institutional investors. Over the past few months, several prominent foreign research houses have initiated coverage and the company was one of eight selected to participate in a recent Bursa Malaysia-SIAS investor roadshow in Singapore.

Year-to-date, Muhibbah's share price has tripled from 70 sen to RM2.16, vindicating our bullish view on the company since we first recommended the stock a year ago.

Based on the new Yemen LNG contract and strong first half results, we are raising our EPS forecasts for financial year (FY) Dec 2006-07 by 12% and 16% -- to 27.9 sen and 33.4 sen, respectively. We expect net profit to rise 55% to RM40.4 million in FY06 and 19.6% to RM48.3 million in FY07.

Despite the sharp rally, Muhibbah's shares are still reasonably priced, trading at 7.7 and 6.5 times FY06-07 earnings. However, its share price has performed exceedingly well within a short time frame, and may consolidate at present levels for a while as earlier investors lock in their large gains. The stock is now finally trading near our projected end-2006 NTA of RM2.23.

Yemen LNG contract
In mid-September, the company received a letter of award worth US$158.3 million (RM581 million) from YEMGAS FZCO, a joint venture between Technip of France, JGC Corporation of Japan, Kellogg-Brown and Root Inc of the US for contract works on an LNG loading jetty, water intake & outfall pipes, pumping station, outfall basin, electrical substation and navigation aids for Yemen LNG Gas Co Ltd in Yemen.

The project's duration is 25 months – from Sept 2006 to Oct 2008. We understand the expected pre-tax profit margin for the project is around 10%, and it should contribute positively to Muhibbah's earnings in FY06-08. These works constitute part of the turnkey contract for Yemen's first LNG project, located on the coast of the Gulf of Aden, 380km from Aden.

Risks?
We believe payment default risk is low given the strong shareholders at both YEMGAS FZCO and Yemen LNG Co Ltd. The latter's shareholders include Total, Yemen Gas Co, Hunt Oil Co, ExxonMobil, SunKyong Corp and Hyundai Corp.

The bigger risks are probably execution and country risks. Many Malaysian contractors that earlier ventured to third world countries, including Muhibbah, have lost some money in the past (the only major notable exception is IJM Corp, which has been very successful in India). In the past, Muhibbah had made provisions for some of its projects in Qatar and Sudan.

Nonetheless, we take comfort in the fact that Muhibbah has established itself well as a niche player in the oil & gas construction industry and has successfully completed many ventures abroad. It recently completed an oil terminal and jetty in Jurong, Singapore. The oil & gas sector currently accounts for 60% of total revenues and 80% of the group's total order-book.

Order-book doubled
The Yemen LNG project has effectively doubled Muhibbah's construction order-book from around RM580 million to RM1.17 billion. The group's total order-book, including cranes and marine vessels, has increased by one-third to RM1.7 billion. This is a large step up as Muhibbah's group order-book has traditionally been around RM1 billion at any time over the past few years. -- InsiderAsia

新立机构

對，我們的公司並不像一些土著拐杖公司只指望政府的工程。曾經有過幾單的工程，雖然我們的價碼是最低的，可是卻拿不到，原因是要讓給拐杖公司。所以老闆只好往外發站，所幸成績不扉。

pang72

请问有甚么insider info,muhibbah 会那到BIGGER PROJECT ?

无花果

Muhibbah on expansion mode
By Alfean Hardy


Muhibbah Engineering (M) Bhd is planning a capital expenditure (capex) of between RM50 million and RM60 million over two years to buy more barges and to increase its marine construction fleet.

Its group chief financial officer Shirleen Lee told FinancialDaily that the investment would consolidate its position in the oil and gas (O&G) services sector, particularly in the construction of jetties and terminals.

“We are investing in more barges in order to benefit from savings from rental. We will be investing 30% of the capex this year and 70% next year,” she said, adding that it would be financed via internal funds and borrowings.

Lee said Muhibbah was looking to secure 80% of the funding from banks.

She said Muhibbah had four to five tugs, more than 20 barges and another three piling barges.

Lee said the company had to expand its marine construction fleet as O&G companies were increasing investments in exploration and production (E&P).

She said growth in demand in the O&G services sector was due to high oil prices, prompting O&G majors to pour investments into deep-sea exploration.

With the increased capex on E&P, especially for deepwater projects, she said Muhibbah’s construction, crane and shipyard divisions were benefiting from strong demand.

“Our order book from the three divisions is about RM1.7 billion, which is an all-time high for us.

"About RM1.22 billion is for construction, about RM350 million from cranes and about RM130 million from shipyard,” she added.

Lee said Muhibbah’s O&G construction division had secured several high-profile projects including a RM581 million contract for a liquefied natural gas (LNG) project in Yemen and also the Jurong oil terminal in Singapore.

HLG Research said assuming a project margin of 10% for the Yemen project, it expects earnings before interest, taxation, depreciation and amortisation (EBITDA) contribution of RM58.1 million to be recognised over the financial years ending Dec 31, 2006 to 2008 (FY06 to FY08).

The research house forecasts FY06 net profit at RM44.4 million while for FY07 and FY08, it expects net profits to be RM51.2 million and RM57.1 million respectively.

无花果

下个星期，应该会突破２。５０关口

Muhibbah gets RM142m offshore supply vessels contract


Muhibbah Engineering (M) Bhd said its wholly owned subsidiary Muhibbah Marine Engineering Sdn Bhd has secured repetitive contract orders for four offshore vessels worth RM142 million from Jasa Merin (Malaysia) Sdn Bhd.

It told Bursa Malaysia on Nov 3 that construction work for two units of Anchor Handling Tug Supply Vessels and two units of Straight Supply Vessels have commenced and the first vessel would be delivered in October 2007.

The contract would contribute positively to the earnings and net assets of the group for the financial year ending Dec 31, 2006 and future financial years, the company said.

新立机构

希望啦。。。。最好起到三塊錢。。：）

无意见看到MAAKL MUTUAL的几个基金。。。
都投资在这间公司。。。

要知道他们可是大马--大X银行基金--的开拓者。。。

是时候研究。。。研究了。。。

新立机构

原帖由 [-小丑-] 于 7-11-2006 08:24 PM 发表
无意见看到MAAKL MUTUAL的几个基金。。。
都投资在这间公司。。。

要知道他们可是大马--大X银行基金--的开拓者。。。

是时候研究。。。研究了。。。

是嗎？可否有什麽報導可放在這？

WWW.MAAKLMUTUAL.COM.MY

里的MONTHY FUND REVIEW可以看到。。。
不过是十月的哦。。。

MAAKL VALUE  FUND - 3.95%
MAAKL GROWTH FUND - 4.95%

hdcyng

YES !!

前景获乐观评估 睦兴旺股价一度扬至3.14

（吉隆坡11日讯）在投资者及分析员对于睦兴旺（Muhibbah，5703，主板建筑股）的前景作出乐观的评估后，其股价今日一度扬升至3.14令吉，写下自2000年2月以来的新高。

睦兴旺在今日以2.99令吉报开，较昨日的2.98令吉闭市价上扬1仙。在开始后的一小时内，该股项在介于2.99令吉至3.14令吉的价格下进行交易。在截至10时，该股项上扬12仙至3.10令吉。

睦兴旺在闭市时报3.06令吉，上扬8仙，总成交量达117万8千100股。

奥斯克证券行给予该公司“买入”的评级，目标价格为每股3.52令吉，并有19.3％的上涨空间，2008财政年的本益比为7.8倍。

该公司的前景看俏，主要是基于第九大马计划的支撑、石油及天然气领域的乐观前景、柬埔寨机场工程的乐观收入，以及其子公司的全球拓展计划。

hdcyng

RM3.70 + RM0.20

hdcyng

原帖由 hdcyng 于 21-2-2007 05:25 PM 发表
RM3.70 + RM0.20

RM６。６５了 ！

hdcyng

	Weekly Price Chart (Adjusted)
Annoucements, Proposals, NeRws & Analyses - Clas sifications

hdcyng

RM6.70 today !! NEW HIGH

hdcyng

STOCK CODE

NAME

REF

HIGH

LOW

LAST

CHANGE

VOLUME

5703

MUHIBAH

6.700

7.250

6.650

7.250

0.550

13966

Another new high !!

[ 本帖最后由 hdcyng 于 10-5-2007 10:48 PM 编辑 ]