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.
jt5774Yesterday, THHEAVY advanced 4 sen to close at 92.5 sen. As a result of the bullish move, share price has departed from its upward sloping trend line to mark the start of another upcycle. Furthermore, the MACD has also completed a bullish crossover with the signal line, while the Stochastic and RSI indicators have both hooked upwards into the bullish territory. These factors suggest further upside and we believe that the share price is likely to retest the 96.5 sen resistance (R1) yet again. Should this level be taken out next, we would then expect THHEAVY to extend its rally towards RM1.09 (R2) further up.