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Too Many People Too Few Projects?

EPISODE · Sep 3, 2013 · 25 MIN

Too Many People Too Few Projects?

from The Breakfast Grille · host BFM Media

Dominique de Soras, CEO of Malaysia Marine and Heavy Engineering on the Breakfast Grille discusses: - second quarter results with lower margins despite higher revenues- half year profits only 38% of consensus forecast, any chance of catching up in the second half of the year?- order book of only RM1.8bn currently. Needs replenishing- delays and postponement of tenders- expansion of capacity despite lower orders- the gap between Malaysian and Korean fabbrication companies- MMHE one of the most expensive O&G fabricators globally based on PE ratios. Overvalued?- relationship with MISC and Petronas- overreliance on Petronas (93% of revenue from Malaysia)- undermechanisation in MMHESee omnystudio.com/listener for privacy information.

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Too Many People Too Few Projects?

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