Tuesday, July 16, 2013

Petronas licence set to be Muhibbah's game-changer

Petronas licence set to be Muhibbah's game-changer
By Lim Cian Yai
bt@mediaprima.com.my
2013/07/16

KUALA LUMPUR: Muhibbah Engineering Bhd's shares surged and broke the RM2 barrier yesterday after research firm HwangDBS said the company's earnings per share may rise between three and 10 per cent.

The earnings booster for Klang-based Muhibbah is attributed to the licence it secured from Petroliam Nasional Bhd (Petronas).

HwangDBS said the licence is a "game-changer" for Muhibbah, as it allows the company to bid for oil and gas projects worth as much as RM5 billion .


As it stands, nearly half of Muhibbah's order book are filled with jobs from the oil and gas sector. With this in mind, Muhibbah in now working on a plan to double its fabrication yard capacity.

The expansion is set to boost Muhibbah's role in the sector, where it is among the top three largest licence holders by virtue of its 20,000-tonne annual capacity.

On the trading floor, the buying side for Muhibbah shares was positive, resulting in sustainable purchasing. Some 7.43 million Muhibbah shares exchanged hands yesterday, with the stock closing 12 sen higher at RM2.06 a share.

If the HwangDBS assessment is accurate, then there is more legs left for the stock to rally, as the research firm reckons that Muhibbah shares can hit RM3.10 within the next 12 months.

According to data compiled by Bloomberg, four out of five brokerage firms that track Muhibbah, namely HwangDBS, Kenanga Research, KAF Seagroatt & Campbell and CIMB Research, gave the counter a "buy" or "outperform" ratings, with target prices ranging from RM1.80 to RM3.10.

Analysts also expect Muhibbah to return to the black this year with a net profit of RM86.42 million on the back of RM2.2 billion revenue.

Last year, Muhibbah suffered a net loss of RM98 million.


Source/Extract/Excerpts/来源/转贴/摘录: www.btimes.com.my
Publish date: 16/07/13

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Warren E. Buffett(沃伦•巴菲特)
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别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
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做自己熟悉的事,等到发现大好机会才投钱下去

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“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

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高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
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1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
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