MMHE plans to expand into new territories

TA Securities believes that MMHE's FY22’s losses will likely narrow vis-à-vis FY21.

PETALING JAYA: It is going to be another challenging year for Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) as the rise in the Omicron variant may hamper oil demand recovery.

Following its losses in the financial year 2021 (FY21), due to additional cost for ongoing projects, analysts have revised downwards their earnings estimate for FY22-FY23.