MHB (5186)
Current Price = 4.27
Resistance = 4.40 / 4.60 / 4.72 / 4.97 / 5.07
Period = Within 1month.
Caution = GE sentiment
Background
A pioneer in the Malaysian heavy industry, Malaysia Marine and Heavy Engineering Sdn Bhd were incorporated on 18 May 1973 under the name of Malaysia Shipyard & Engineering Sdn Bhd (MSE). In May 2005, after establishing as one of the players in the marine heavy engineering the then MSE was re-branded into the Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE).The three core businesses of MMHE are Engineering and Construction, Marine Repairs, and Marine Conversion.