MMHE group’s order book replenishment disappointing

PETALING JAYA: Malaysia Marine & Heavy Engineering Holdings Bhd’s (MMHE) prospects are heading south, as analysts are expecting it to face a slower momentum in replenishing its near-all-time low order book.

The oil and gas (O&G) engineering outfit, which recently posted a weaker-than-expected financial results, also undertook a mutual separation scheme (MSS) involving 100 employees at a cost of about RM10mil in June.

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