KLSE: THHEAVY (7206)       TH HEAVY ENGINEERING BERHAD Main : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
0.055   -0.005 (8.33%)  0.055 - 0.06  469,000
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Market Cap: 62 Million
NOSH: 1,121 Million
Avg Volume (4 weeks):1,003,305
4 Weeks Range:0.055 - 0.07
4 Weeks Price Volatility (%):
52 Weeks Range:0.055 - 0.24
52 Weeks Price Volatility (%):
Average Price Target: 0.28
Price Target Upside/Downside: +0.225

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  29-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  26-Aug-2017
T4Q P/E | EY: -0.17  |  -573.69%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.16  |  0.34
T4Q NP Margin | ROE: -7,693.00%  |  -197.21%

Market Buzz

Date Type Subject
22-Jul-2017 Forum 2 New Comments


Date Subject
20-Jan-2017 PublicInvest Research Headlines - 20 Jan 2017
13-Dec-2016 谢汪潮.怪哉负数营业额
25-Nov-2016 PublicInvest Research Headlines - 25 Nov 2016
28-Oct-2016 M+ Online Market Pulse - Watching The Fed And U.S. Presidential Race - 28 Oct 2016
28-Oct-2016 PublicInvest Research Headlines - 28 Oct 2016
18-Oct-2016 PublicInvest Research Headlines - 18 Oct 2016
17-Oct-2016 MSWG前线把关:TH重工偿债能力存疑
12-Oct-2016 Evening Market Summary - 12 Oct 2016
12-Oct-2016 PublicInvest Research Headlines - 12 Oct 2016
30-Jul-2016 PublicInvest Research Headlines - 29 July 2016
30-Jul-2016 (RICHE HO) 消息面 – 仙股炒作 【THHEAVY】
26-Jul-2016 传获7亿造船合约‧TH重工涨39%遭质询

Business Background

Ramunia Holdings Berhad is an investment holding company engaged in the provision of management services. Its subsidiaries include, Ramunia Fabricators Sdn. Bhd., which is engaged in the fabrication of offshore oil and gas related structure and other related civil works; O&G Works Sdn Bhd, is engaged in the manufacturing and trading of offshore cranes; Globe World Realty Sdn Bhd, provides development and management services and; Ramunia Training Services Sdn Bhd, is engaged in the business of trading and education school and institution. The Company also holds interests in PT Sarana Transglobal Jaya and RISL Engineering Sdn. Bhd. In April 19, 2010, the Company disposed Teluk Ramunia fabrication yard to Sime Darby Engineering Sdn Bhd.
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  50 people like this.
ktlum84 if not because of its parent company is LTH, i think this company already bankrupted!
22/05/2017 19:07
ktlum84 http://www.thestar.com.my/business/business-news/2017/05/24/is-rm3bil-for-small-and-mid-caps-justified/
24/05/2017 15:34
ktlum84 failure investment for LTH
24/05/2017 15:41
Unknown404 Buy their bond is better than their mother!
24/05/2017 16:09
ktlum84 Have you see their faces in the meeting today,they feel like nothing about the dilemma, and they incompetence make me doubt about this company whether can withstand this saga and continue operating... money gone already and i think this QR bleeding gao gao! CB!!!
25/05/2017 16:32
Unknown404 you see their CEO also know edi. Under such a leader, every employees will follow and hence make the whole company a big money fiasco and pitfall. I pity those investors who put millions in them, expecting them to utilize it to make profit, but instead they misuse it, and voila, a PN17 company
27/05/2017 10:15
sheep Saturday, 27 May 2017
Riding out the storm

THHE in the red

A smallish entity with a market capitalisation of approximately RM84mil, the Main Market-listed THHE slipped into Practice Note 17 (PN17) status on April 29, 2017, after the company’s independent auditors expressed a disclaimer opinion on its accounts for the financial year ended Dec 31, 2016 (FY16). THHE’s market capitalisation stood at its peak of RM1.1bil in February 2014, when its share price hit RM1.03

THHE is an associate company of Lembaga Tabung Haji, in which the latter is the single largest shareholder with a 29.81% stake.

THHE took a greater hit in FY16 as its net loss widened by seven-fold to RM365.84mil, in contrast to the RM45.34mil net loss recorded a year earlier.

The O&G fabricator’s top line also plunged by 82.3% to RM17.78mil in FY16, on a year-on-year comparison.

“As at December 31 last year, the current liabilities of the group have exceeded its current assets by RM733.06mil.

“The current liabilities of the group as at December 31, 2016 arose mainly from borrowings, and trade and other payables amounting to RM319.41mil and RM542.20mil respectively,” stated THHE in an earlier filing with the Bursa Securities.

As at end-2016, THHE said the group did not have any readily available sources of fund for repayment of its current borrowings.

Share price wise, THHE has been on a downtrend since mid-2016. Year-to-date, the share price has plunged by almost 53% to 7.5 sen as at closing of trading yesterday.

THHE’s current share price is close to an all-time low of 6.5 sen.

In addition to the debilitating low oil price environment, THHE took a further hit after Petronas Carigali Sdn Bhd barred THHE’s 70%-owned THHE Fabricators Sdn Bhd from participating in its future tenders for two years. Petronas Carigali cited “performance-related issues” in KNPG-B Topside PH II, Kinabalu Non-Associated Gas (NAG) development project, for THHE’s exclusion.

The offshore facilities fabricator has also received numerous winding-up petitions

continue .....read
27/05/2017 11:22
Unknown404 This counter confirm go holland edi, can prepare to file bankruptcy for the good of investors. Just wait they issue new share then only enter. Conventionally, newly issued share after bankruptcy should double, if not triple, within 24 hours from issuance.
29/05/2017 11:41
JoshuaMS7 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5443661
29/05/2017 17:57
WaAdaLui Alamak.... loss again..... tutup kedai la.... no eye c...
pity pity..
29/05/2017 18:58
WaAdaLui Pls Q.... 1 by 1....
after Mas, Perwaja.... the next. THH
29/05/2017 18:59
ktlum84 Expected already!Useless management!
29/05/2017 20:15
Sanofi Tomorrow share price dropped to 5 cent!
29/05/2017 20:22
Unknown404 Pity those investors who invested their hard-earned monies on this counter. Selamat Ramadan though
29/05/2017 21:54
ktlum84 Even though the company filed for bankruptcy and issued new shares, i also wont buy, this company has no fundamental at all and with a bunch of useless management, i rather invest my money to potential companies. i hold this share from 80cent to now 8 cent! i expected nothing already from this company!
30/05/2017 01:07
jenabchen123 We too idiots for putting in them....
30/05/2017 02:29
Rudi Lim ripe for takeover, bvi may look at them
31/05/2017 11:34
Unknown404 Ripe for takeover? Even Petronas also stop operating few of its oil rig due to the bottom line shrink and plunging in crude oil price. Avoid any shale stock until OPEC agreement starts to materialize.
31/05/2017 13:37
ktlum84 i think their reserves finished already, after so many quarters of losses, how they operate the company without fund and when they need to submit monthly resolution to SC ?
31/05/2017 19:12
Sanofi share price stagnant ?
01/06/2017 09:01
Alibabah What happened?
01/06/2017 10:47
ktlum84 Yalo!share price stagnant for whole week already with very less volume transacted. Bad thing coming again ?
02/06/2017 15:55
Unknown404 Big sharks already exit this counter lo. Only retail investors like you guys getting stucked here
02/06/2017 21:24
JoshuaMS7 think we are game over, breaking 0.065!! ;(
07/06/2017 09:26
ktlum84 Don't expect too much from a hopeless counter!
07/06/2017 10:27
ktlum84 this counter very boring! and transaction also very less... have to wait until when ?
13/06/2017 20:57
Sanofi I think it will go down to the lowest price - 5cent!
15/06/2017 20:51
Sanofi bottom already with 6cent ?want to buy so to leverage my price!
21/06/2017 12:26
wafu sanofi, why do you want to risk with this red counter? there are plenty of good stocks out there, why leverage with the same bad stock?
23/06/2017 02:26
jumbojet bankrupt company
25/06/2017 20:07
Sanofi my purchase price a bit high, need buy a bit to leverage it . just a very small portion. no worry
26/06/2017 18:49
ktlum84 Dunno this counter still can go up or not? I think have to wait 1 year or more to see the result!
27/06/2017 00:01
Ameera now its become penny stock...damn!!
27/06/2017 09:34
ktlum84 Only can said 'Got eye no Ball'!
27/06/2017 22:52

Type Announcement
Subject OTHERS

- Article entitled "TH Heavy's money woes get worse"

We refer to Bursa's query on the Focus Malaysia weekly issue 238 article entitled “TH Heavy's money woes get worse” and are pleased to respond as follows:

1. The Company was not contacted at any time for this news story either through email or phone call.

2. The views expressed by the writer are merely speculative.

3. The Company is still in negotiation with JX Nippon Oil & Gas Exploration (Malaysia) Limited and nothing is finalised yet. The Company is exploring various options to complete the FPSO Layang project including partnering with party/parties with a stronger Balance Sheet to finance the completion of the project.

4. Although upgrading works have been suspended the Company is in advanced stage of negotiations for the deferment of delivery of the FPSO.

5. Despite the delayed delivery of the FPSO, to date there are no liquidated ascertained damages charges.

6. In addition to diversification strategies, the Company is also exploring ways to unlock value from various projects/assets to finance the proposed yard upgrades.

This announcement is dated 28 June 2017.
28/06/2017 22:33
ktlum84 Getting worst!
28/06/2017 22:33
Sanofi heavy selling today!dunno will drop below 6cent or not ?
30/06/2017 16:27
Sanofi still can't drop below 6cent
05/07/2017 15:40
ktlum84 Hi everyone! Can I know any senior who have experienced this kind of situation before? I need some advice from him/ her. My question is when a counter has no demand and everyone is panic selling the stock. Then what will happen? Does the price go down to Rm0.00 and if what will happen to the counter?
05/07/2017 23:49
Kris Wong Panic due to adverse rumors or fact ? If fact eg. company to be suspended and worse still delisted due to whatever adverse reason, likely to be down to almost worthless !!! If adverse rumors, it still drop but unlikely to be down to zero unless it became fact as above due to eg. delisting !!!
08/07/2017 11:53
ktlum84 Thank Kris, just wonder only, because haven't seen any counter dropped below 0cent.
08/07/2017 20:29
maya1301 BUY!!! BUY!!! BUY!!
Scare what???
12/07/2017 23:01
ktlum84 Going to test 0.06, 0.05 is on the way!
14/07/2017 00:24
Sanofi strong selling happened, seen like bad news is coming! embraces yourself for it!
17/07/2017 18:03
derrickinvestor alread out from pn17?
20/07/2017 18:41
ktlum84 still in the hole!
21/07/2017 00:15
Sanofi not so soon!Thia counter has stagnated..
21/07/2017 10:18
CrapTree gone liao..... kikikiki
21/07/2017 16:01
ktlum84 Dunno what happen to this company, no news at all from the management,every month also said formulating new business strategy! Any outcome from the negotiation! Next time i wont invest in GLC company,government useless! company also useless!
22/07/2017 00:04
Sanofi if the government falled in this comimg election, this company would fall as well!
22/07/2017 13:42


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