Malaysia Marine & Heavy Engineering Holdings Bhd.
MMYX:MHB0.34
MYR
0.00
(0.00%)
Malaysia Marine & Heavy Engineering Holdings Bhd.
MYX:MHB
(Bursa Malaysia)
Recent
price
0.34
P/E
ratio
3.50
div
yld
- -
ROIC.AI
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- Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) provides integrated marine and heavy engineering solutions for offshore and onshore oil and gas facilities, vessels, and emerging energy projects; its core offerings encompass engineering, procurement, construction, installation, and commissioning (EPCIC) services for deepwater facilities, fixed platforms, turrets, pre-assembled units, rack modules, offshore wind substations, hydrogen and ammonia production facilities, and carbon capture and storage infrastructure; offshore conversion services for floating production storage and offloading (FPSO), floating storage and offloading (FSO), floating storage units (FSU), and mobile offshore production units (MOPU); comprehensive ship repair, refurbishment, upgrading, life extension, and dry-docking for LNG carriers, rigs, and various vessels utilizing three of Southeast Asia's largest dry docks; marine decarbonization retrofitting; onshore operations and maintenance, plant turnaround, shutdown maintenance, piping, fabrication, electrical, instrument, and light engineering works. Incorporated in 1989 and headquartered at Menara Dayabumi in Kuala Lumpur, Malaysia, MHB operates Malaysia's largest fabrication yard and serves international clients primarily in the energy sector across Southeast Asia and global markets including Norway, the United Kingdom, the United States, Greece, Vietnam, and Singapore; it functions as a subsidiary of MISC Berhad with over 50 years of track record through its key unit Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE). Recent developments include securing multiple EPCIC contracts from Vestigo Petroleum Sdn Bhd for wellhead platforms such as Irong Timur, Berantai East, and Kurma Manis; awarding of a RM1.5 billion subcontract from Petrofac International for the Nederwiek 1 high voltage direct current (HVDC) offshore substation platform in the Netherlands, marking its second offshore wind project following a prior OSS HVDC contract; execution of ongoing major projects like the Jerun Development Project topside sailaway and Kasawari Phase 1 carbon capture storage under alliance structures; completion of repair works on 60 vessels including 20 LNG carriers in the first nine months of 2025; and expansion into renewable energy with offshore wind fabrication commencing in 2025 for delivery by 2028, alongside strengthened long-term framework agreements for international LNG repairs.