When Will Tide Turn for MMHE?
from Market Watch Hosted by BFM Media
Malaysia Marine & Heavy Engineering (MMHE) posted its worst quarterly performance ever, on the back of provisions for Cendor FPSO project and JV losses. Quah He Wen, analyst at HwangDBS Vickers Research discusses - MMHE's Q3 results - bright spots - Malikai - whether provisioning was overly conservative - odds of clinching new projects eg Damar and Diyabekir - how fortunes have worsened for MMHE since its IPO; overwhelming number of sell calls on this stock - when will the tide turn? - call and target price
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