[%zQFh%] 
Research by RHB
Buy – TP of MYR 0.60

“A Good Start To The Year; Keep BUY” 

Malaysia Marine & Heavy Engineering’s results were broadly in line with expectations, as we anticipate the group to record stronger quarters ahead. We remain optimistic on the company's outlook as it phases out older projects and undertakes new ones, which we believe have more favourable terms.

Analyst(s):
Miza Izaimi
[%BYDB%]
Sean Lim, CFA
[%fBTl%]

$KLSE-MHB 
Research by RHB
Buy – TP of MYR 0.60

“A Good Start To The Year; Keep BUY” 

Malaysia Marine & Heavy Engineering’s results were broadly in line with expectations, as we anticipate the group to record stronger quarters ahead. We remain optimistic on the company's outlook as it phases out older projects and undertakes new ones, which we believe have more favourable terms.

Analyst(s):
Miza Izaimi
miza.izaimi@rhbgroup.com
Sean Lim, CFA
sean.lim@rhbgroup.com

$MHB / 5186 (MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD)