Malaysia Marine and Heavy Engineering Business Operations

Malaysia has a thriving marine and heavy engineering industry, with a long history of innovation and growth. The country's strategic location at the heart of Southeast Asia makes it an ideal hub for shipbuilding, repair, and maintenance.

The industry has a strong presence in the country, with several major players operating in the sector. These companies have invested heavily in modern facilities and equipment, enabling them to compete with international rivals.

Malaysia's marine and heavy engineering industry is supported by a skilled workforce, with many workers having received training in specialized fields such as welding, machining, and electrical engineering. The industry's growth has also created opportunities for local suppliers and sub-contractors to provide goods and services to major players.

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Malaysia Marine and Heavy Engineering has a strong management team in place. The company is led by Chief Executive Officer Mohammad Nazir bin Mohammad Nor, who is 48 years old and has been in the role since November 30, 2023.

Mohammad Nazir is supported by other key executives, including Director of Finance/CFO Mohammad Romzi bin Shafi'e, who is 51 years old and has been with the company since July 31, 2023. Chief Operating Officer Mohamed Sahlan Salleh is also a part of the management team, bringing 53 years of experience to the role.

The company's Board of Directors includes three members: Keith Taylor, Wan Yusoff bin Wan Hamat, and Encik Raja bin Raja Azwa. Here is a brief overview of the Board members:

The Executive Committee of Malaysia Marine and Heavy Engineering Holdings is responsible for making key decisions and overseeing the company's operations. Mohammad Nazir bin Mohammad Nor serves as the CEO, a position he took on November 30, 2023.

The CEO is supported by other key members, including Mohammad Romzi bin Shafi'e, who serves as the Director of Finance/CFO since July 31, 2023.

Mohamed Sahlan Salleh is the Chief Operating Officer, a role he has held since December 31, 2023. He brings a wealth of experience to this position.

The company also has a Compliance Officer, Shahrin Albakri Mustafa Albakri, who has been in this position since September 16, 2020. Thierry Ravelet serves as the Corporate Officer/Principal, a position he has held since June 9, 2019.

Here is a brief overview of the Executive Committee:

Anz Ahmad Zakri Salleh is the CFO of Malaysia Marine & Heavy Engineering. His role is crucial in overseeing the financial aspects of the company.

Effective leadership requires a strong understanding of the company's financial situation, which is exactly what Anz Ahmad Zakri Salleh brings to Malaysia Marine & Heavy Engineering.

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In the corporate world, having a solid management team is crucial for success. The current management team at Malaysia Marine and Heavy Engineering Holdings is led by Mohammad Nazir bin Mohammad Nor, a 48-year-old Chief Executive Officer (CEO) who took over on November 30, 2023.

Mohammad Romzi bin Shafi'e serves as the Director of Finance/CFO, having joined the company on July 31, 2023. He's 51 years old and brings a wealth of experience to the role.

Mohamed Sahlan Salleh is the Chief Operating Officer (COO), having taken on the position on December 31, 2023. At 53 years old, he's a seasoned professional with a proven track record.

The company's Board of Directors consists of three members: Keith Taylor, Wan Yusoff bin Wan Hamat, and Encik Raja bin Raja Azwa. Keith Taylor, a 73-year-old Director/Board Member, has been with the company since May 31, 2019. Wan Yusoff bin Wan Hamat, 72 years old, joined the Board on September 14, 2020. Encik Raja bin Raja Azwa, 55 years old, took on the role on December 31, 2022.

Here's a brief overview of the company's leadership team:

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a leading offshore and marine services provider in Malaysia, focused primarily on the oil and gas sector.

MHB offers a wide spectrum of offshore construction, offshore conversion, and marine repair services at two yards in Pasir Gudang, Malaysia, namely MMHE East and MMHE West.

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MHB has a track record of delivering integrated and complex services, including deepwater oil and gas structures and support services, to local and international oil and gas clients.

MHB is also recognised for its expertise in liquefied natural gas (LNG) carrier repair and drydocking, and as a one-stop centre for offshore conversion.

MHB is ranked Nr. 2 from 10 Repair Shipyards in Malaysia and Nr. 15 from 49 Repair Shipyards in South Asia.

As we dive into the world of services and operations, let's take a closer look at the sales by activity of Malaysia Marine and Heavy Engineering Holdings.

The company's heavy engineering sales have been steadily increasing over the years, with a significant jump from 2022 to 2023, reaching 2.99 billion.

In 2020, heavy engineering sales were at 1.2 billion, and by 2021, they had increased to 1.22 billion.

Here's a breakdown of the company's sales by activity:

It's interesting to note that marine sales have been fluctuating over the years, with a significant drop from 2020 to 2021, and then a slight increase in 2022 and 2023.

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a leading offshore and marine services provider in Malaysia, focused primarily on the oil and gas sector.

MHB offers a wide spectrum of offshore construction, offshore conversion, and marine repair services at two yards in Pasir Gudang, Malaysia.

The company has a track record of delivering integrated and complex services, including deepwater oil and gas structures and support services, to local and international oil and gas clients.

MHB is also recognised for its expertise in liquefied natural gas (LNG) carrier repair and drydocking.

Here's a breakdown of MHB's repair services:

The West Shipyard is a key part of our operations, located on the western edge of our main facility.

It's where we perform all of our dry docking and major repairs, with a 1,200-foot-long dry dock that can accommodate vessels up to 1,000 feet in length.

Our experienced team of shipwrights and engineers work tirelessly to ensure that every vessel that comes through the West Shipyard receives the highest level of care and attention.

We can accommodate a wide range of vessels, from small pleasure craft to large commercial ships, thanks to our versatile and well-equipped facilities.

The West Shipyard is also equipped with state-of-the-art machinery and equipment, including a 500-ton crane and a 200-ton gantry crane, which allows us to perform complex repairs and maintenance tasks efficiently and safely.

Our commitment to quality and safety is evident in the West Shipyard's impressive safety record, with zero incidents reported in the past five years.

Malaysia Marine and Heavy Engineering has a diverse group of shareholders.

The largest shareholder is MISC, holding 66.5% of the equities.

Lembaga Tabung Angkatan Tentera is the second-largest shareholder, owning 2.214% of the company.

Permodalan Nasional Bhd. and Urusharta Jamaah Sdn. Bhd. hold smaller stakes, with 1.5% and 0.8947% respectively.

TECHNIPFMC PLC holds 8.5% of the equities, a significant minority stake.

Here is a breakdown of the top shareholders:

The company's valuation is estimated to be around RM 90 million, based on MISC's stake.

Malaysia Marine and Heavy Engineering has been in the news lately, with several notable announcements and events. On April 15, the company's unit received a notice of arbitration, according to a report on April 21.

The company has also been reporting its earnings results, with the most recent one being for the fourth quarter and full year ended December 31, 2024, announced on February 19. This is not the first time they've reported earnings results, as they also did so for the third quarter and nine months ended September 30, 2024, on November 13.

Malaysia Marine and Heavy Engineering has also been making changes to its leadership team, with the appointment of new members to its nomination and remuneration committee and audit committee. Additionally, the company has tied up with HD Hyundai Marine Solution for green solutions, as reported on September 3.

Malaysia Marine and Heavy Engineering Holdings Berhad has been in the news lately. On April 15, the company's unit received a notice of arbitration.

The company has also been reporting its earnings results, with the latest available being for the fourth quarter and full year ended December 31, 2024. This report was released on February 19, along with another report on property, plant, and equipment write-offs for the same period.

In other news, Malaysia Marine and Heavy Engineering Holdings Berhad is winding up an inactive unit, as announced on October 24, 2024.

Here's a list of some of the recent announcements made by the company:

These are just a few of the recent developments from Malaysia Marine and Heavy Engineering Holdings Berhad.

Malaysia Marine and Heavy Engineering Holdings has been making headlines with its recent press releases. Malaysia Marine and Heavy Engineering secured an EPCIC contract from Vestigo Petroleum Sdn. Bhd. on March 24.

The company has been strengthening its position as a leading offshore solutions provider. Malaysia Marine and Heavy Engineering also released its Q4 2024 press release on February 19.

In addition, the company achieved improved financial performance in the nine months of 2024. The press release was issued on November 13.

Malaysia Marine and Heavy Engineering has also secured a subcontract award from UESB for conversion works of a mobile offshore drilling unit into a mobile water injection facility. The award was announced on October 1.

Uzma and MHB collaborated as oil and gas prospect improved. The collaboration was announced on July 3.

Here's a list of recent press releases from Malaysia Marine and Heavy Engineering Holdings:

Malaysia Marine and Heavy Engineering is a company with a market cap of $568 million and a revenue of $3.61 billion.

The company's price/earnings (TTM) ratio is 4.69, which is relatively high compared to other companies.

Their asset turnover (TTM) is 1.01, indicating that they are able to generate a significant amount of revenue from their assets.

Malaysia Marine and Heavy Engineering's return on average assets (TTM) is -5.74%, which is a significant decrease from their previous years.

Here's a comparison of the company's return on average assets (5 yr avg) and return on investment (5 yr avg) with other companies in the same industry:

The company's interest coverage (TTM) is --, which indicates that they may be facing some financial difficulties.

Malaysia Marine and Heavy Engineering's total debt to capital (MRQ) is --, which is a significant concern for investors.

Their payout ratio (5 yr avg) is --, which suggests that the company may not be distributing a significant portion of its profits to shareholders.