RHB Research expects MHB’s marine division’s earnings to remain subdued for the next quarter before picking up in the fourth quarter of 2023.
PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd
(MHB) is looking to secure renewable energy and decarbonisation-related contracts to sustain and grow its order book, says TA Research.
RHB Research, however, stated that as MHB is running at 80% to 90% capacity, the group will be more selective with new jobs and is looking for projects with reasonable profit margin.
