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Hi guys,
MHB (5186) is a slow, solid & stable OnG Company that is also Cash Rich
Surprising indeed as many entities like Perisai, Barakah, Alam, Daya, Perdana, Sumatech, Armada  and others are fully laden with huge debt load & teethering on insolvency.and bankruptcy.
MHB is a surprise indeed!!
And these are Some surprises:
1) MHB IS A NET CASH COMPANY!!
IT HAS A SURPLUS CASH OF 36 SEN AT 80 SEN
SO THIS COMPANY MINUS ITS CASH IS ONLY 44 SEN PER SHARE!!
AND WITH NTA OF RM1.50 THIS IS REALLY A REAL VALUE BARGAIN.

2) TOP 30 HOLDERS ALREADY OWN 91% OF MHB SHARES!
Free float only 9% in the market
SO MANY FUNDS ARE INSIDE
SO MANY FUNDS SEE VALUE

3) MY 3RD SUPRISE IS
ALL THE PROPERTY ASSETS ARE FOUND IN BOOMING ISKANDAR
ALL 17 LISTED PROPERTY ASSETS ARE LOCATED IN JOHOR

4) ITS JOBS AWARD ARE LONG TERM (5 TO 6 YEARS) FROM PETRONAS & SAUDI ARAMCO
SEE THE LATEST JOB AWARD

MHB and Hiap Seng Secures Master Service Agreement for Integrated Turnaround Main Mechanical & Maintenance Mechanical Static from PETRONAS Malaysia Marine and Heavy Engineering Holdings Berhad (MHB or Group) wishes to announce that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), in joint venture with Hiap Seng Engineering Limited (HSEL) have been awarded a Master Service Agreement for Integrated Turnaround Main Mechanical & Maintenance Mechanical Static from PETROLIAM NASIONAL BERHAD (PETRONAS). The agreement is valid for a period of 5 years with option to extend by PETRONAS. The contract covers integrated plant turnaround works and daily maintenance work on mechanical static for PETRONAS’ plants group wide
Wan Mashitah Wan Abdullah Sani, Managing Director and Chief Executive Officer of MHB, commented, “We are proud of this opportunity given to serve PETRONAS in its integrated plant turnaround initiative. This long term project award is aligned with our strategy to venture into new businesses that provides recurring orders in ensuring MHB’s growth sustainability. We are committed to execute the work efficiently, without compromising on safety and quality”.

5) WHILE MANY ARE GOING BANKRUPT LAST YEAR MHB EVEN MANAGED TO GIVE OUT DIVIDEND

6) IT IS ALSO A SURPRISE THAT FEW PEOPLE ARE INTERESTED IN THIS VALUE SHARE
Many go chasing Knm, Daya, Armada, Alam, Sumatech, Perdana & Barakah
BARAKAH?
INSIDERS ARE NOW SELLING AND RUNNING AWAY
See

7) THE BIGGEST SURPRISE OF ALL: WHY SO MANY SORCHAI NEVER LEARN LEH?
Last time while ESPIRIT was going bankrupt & closing shop for good while Its shares went LIMIT UP!
Calvin was at Espirit Office in PJ Old Town - buying the last Jeep & the last photo copy machine
I ASKED THE DIRECTOR
""HEY! YOUR COMPANY SHARE IS CHASED TO LIMIT UP TODAY!!"
CAN BUY OR NOT?
HE REPLIED, "DON'T BUY ESPIRIT!!" HE WARNED
TODAY I HAD SOLD OFF EVERY REMAINING ASSETS
ESPIRIT IS CLOSED FOR :FOREVER!"
MY BROTHERS AND I ARE THE TOP BOSSES IN ESPIRIT
WE ARE GOING BANKRUPT
TODAY IS ALSO MY LAST DAY AS A DIRECTOR
WE ARE NO MORE
FORGET ABOUT THOSE WHO CHASED ESPIRIT INTO LIMIT UP
WAIT A FEW MORE WEEKS AND YOU WILL KNOW

TRUE TO HIS WORDS
WEEKS LATER ESPIRIT WAS SUSPENDED AND THEN DELISTED

THAT IS WHY CALVIN IS AFRAID OF A COMPANY WITH TOO MUCH DEBT WITHOUT ASSET BACKING OR CASH RESERVES
AND I THINK I FOUND IN MHB(5168) A STOCK WITH HUGE MARGIN OF SAFETY.
AND AFTER BUYING I CAN SLEEP SOUNDLY EVERY NIGHT: ....ZZZzzzzz,,,...

BEST REGARDS

Calvin Tan Research

NOTE: THIS IS NOT A BUY OR SELL CALL
JUST A HAPPY SHARING

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/201836.jsp
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