Keep up your good job, bonescythe. God will bless you.

Tq uncle Koon.

RIP.

Agree with Victor Valdez. Have respect & compassion.

Thank you, Mr. Koon.

TH Heavy Engineering Bhd (THHE) announced that its wholly owned subsidiary O & G Works Sdn Bhd (OGW) has been awarded “an extension of scope for licence by Petronas for mode of operation ‘Manufacturer’.

TH Heavy told Bursa Malaysia in a filing:
“The award of this licence qualifies OGW to tender and participate for upcoming works, namely offshore pedestal cranes of various types and lifting capacities for Petronas and other oil operators in Malaysia.

“The participation as manufacturer of offshore pedestal cranes is expected to have a positive contribution to the earnings and net assets of OGW and the THHE Group for the current and future financial years.”

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Tq Alex & gimmy2u

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Tq Bala.

Pls send me too.
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Tq gimmy2u

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Yes Alex

Tq Alex

Pls explain . What is it about?

Thank you mcbaomc.

It is not clear. Can't read. Tq

SapuraKencana bags RM108m Vietnam offshore contract

Tue, 04 Jun 2013 09:40:54 GMT

KUALA LUMPUR (June 4): SapuraKENCANA PETROLEUM BHD [] has won a US$35 million (RM108.28 million) contract to provide oil and gas (O&G) support services off the coast of Vietnam.

In a filing with Bursa Malaysia, SapuraKencana said its wholly-owned subsidiary TL Offshore Sdn Bhd has clinchd the contract together with PTSC Offshore Services Joint Stock Co.

The contract involves the provision of installation services for offshore facilities for the Diamond development project.

“The contract comprises installation services for platform and pipeline in the Diamond field, located 18km North of Ruby field and 155km East of Vung Tau,” SapuraKencana said.

SapuraKencana said the contract is expected to contribute positively to its earnings and net assets for the duration of the contract.

It, however, did not disclose the contract’s duration

TH Heavy Engineering Bhd has indicated that the O&G support-services firm has bid for over RM2 billion worth of jobs.

Bernama reported today that TH Heavy, formerly known as RAMUNIA HOLDINGS BHD [], is cautiously optimistic of its outlook as the company waits the outcome of tenders worth more than RM2 billion.

Managing director and chief executive officer Nor Badli Mohd Alias said the company has teamed up with McDermott International Inc to bid for RM1 billion worth of engineering, procurement, CONSTRUCTION [], installation and commissioning contract.

Any comment on cscsteel?

PANTECH GROUP Holdings Bhd (80 sen) remains firmly on track to achieve double digit earnings growth for the next few years. Currently trading at well below average valuations for the broader market, at only 6.4 times our estimated earnings for 2014 financial year ending February (FY14), we believe there is good potential for handsome gains.

The company’s recently released earnings results for FY13 were right in line with our expectations. Top line sales were up 46% to RM637.2 million, with growth reported from both the trading and manufacturing arms.

Trading sales grew 24% year-on-year, spurred by the rise in spending in the local oil and gas sector. Importantly, sales for the manufacturing arm doubled over the past year, boosted by contributions from UK-based Nautic Steels (acquired in March 2012) as well as rising capacity and utilisation at its local carbon and stainless steel manufacturing plants. As a result, manufacturing now accounts for 40% of total sales, up from 29% in FY12.

In line with the higher sales and improved margins, net profit increased to RM55 million in FY13, up 59% from the RM34.5 million reported in the previous financial year. Pantech also raised its dividends for the year to 4.6 sen per share reflecting the stronger earnings.

On track for double digit growth
We are confident the company will continue to grow going forward, albeit at a more tempered pace due to the larger base effect.

Growth for the manufacturing arm is expected to continue to outpace its trading business. Export demand for the company’s pipe, fittings and flow control (PFF) products has remained robust, especially from the US and Latin America and even Europe. Order books for the stainless steel product range run up to July and for carbon steel products, August.

Nautic Steels’ sales have been gaining steam since Pantech’s takeover. The company is finalising the purchase of a second plot of land near the existing factory, which would give it extra space for additional equipment and warehouse storage.

Pantech has been re-jigging the production process and building up inventory to improve efficiency and support rising demand.

Meanwhile, demand for PFF in the domestic market (for the trading arm) is also expected to expand on the back of strong spending in the oil and gas sector, led by Petroliam Nasional Bhd.

Sales weakened in April/May, due mainly to uncertainties related to the general election. With the government returned to power, activities will regain traction — the sector is the biggest beneficiary under the Economic Transformation Programme.

In all, we forecast sales and net profit to grow by some 15% to 16% in FY14/FY15.





6.4 times PER with 6.9% net yield
The stainless steel plant broke even in the fourth quarter (4Q) of FY13, although it remained in the red for the whole of FY13. Pantech is upbeat this plant will turn around and contribute positively in the current financial year and in the future. Utilisation at the stainless steel plant is now reaching full capacity on a single shift.

At the current price of 80 sen, Pantech’s shares are very attractively valued at only 6.4 our forecast earnings for FY14 and 5.6 times for FY15, relative to both its projected growth and the average valuation for the broader market. As such, we are upbeat on handsome returns for investors.

In addition to strong double digit earnings growth, Pantech also gives higher than market average yields. As mentioned above, dividends totaled 4.6 sen per share in FY13. Assuming a similar payout level of about 43%, dividends will increase to 5.5 sen to 6 sen per share in FY14/FY15. This will earn shareholders very attractive net yields of 6.9% to 7.5% for the two years.

Still on the lookout for expansion opportunities
Having already spent the majority of planned capital expenditure (capex) for the acquisition of Nautic Steels and construction of the stainless steel plant, capex will drop sharply this year to an estimated RM15 million. Hence, gearing will lower on the back of improved cash flow from operations, from the current 47% to about 39% by end-FY14.

That said, Pantech is still exploring opportunities for future expansion, including potential acquisitions along the same lines as Nautic Steels — established manufacturers of complementary products focused on the oil and gas sector. Over the longer term, the company targets a 60:40 ratio for the manufacturing and trading businesses.


Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

PETALING JAYA: Kulim (M) Bhd is proposing to acquire a 60% equity interest in Danamin Sdn Bhd and subscribing 2.4 million new shares in the latter for RM12.89mil cash.

Kulim told Bursa Malaysia yesterday that the proposals would provide it with the opportunity to add to its stable of companies a new business entity with established involvement in the oil and gas sector with a potential to be developed into a new core business.

SapuraKencana Petroleum Bhd, Malaysia's biggest oil and gas services company, has emerged as the odds-on-favourite to be included in the FTSE Bursa Malaysia KLCI (FBM KLCI) index. SapuraKencana has a market capitalisation of more than RM24bn, making it the 15th largest public-listed company in Malaysia. (Btimes)

Source: CIMB Daybreak - 31 May 2013

Malaysia Boleh:) MAS pun Boleh:)

Hi Malaysian kerbau, tq for the info. Is it good for the company? Will the share go up? Ta

Dayang & Sk petro, which is better? Pls

#Flash* MAS 1Q loss widens to RM279m vs RM172m a yr ago

Tq, what does it mean?

What is cf & CE ? Pls explain. Ta