MMHE likely to remain in the red this year

MMHE's Dry Dock at its yard in Pasir Gudang Johor

PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) is expected to remain in the red this year, after the oil and gas fabricator reported losses for the seventh consecutive quarter.

Following its recently-announced weak earnings in the first half of financial year 2017, sentiments are rather bearish on the company’s outlook for the rest of the year. However, moving beyond FY17, analysts are divided on MMHE’s financial performance prospects amid the company’s strong order book.