this also about the M&A... http://www.theborneopost.com/2014/04/28/evolving-scene-ideal-for-mas-in-og-sector/

guys,something to share... http://www.utusan.com.my/utusan/Ekonomi/20140428/ek_01/Tekanan-kos-dorong-penggabungan..

thanx joel 4 ur reaponse..based on the price target by alliance and MIDF, if im not mistaken,they do not include the FPSO job..since there is no official announcement regarding the project..so,in my point of view,if thheavy secured the FPSO job, i think thheavy target price need to be raise up..at least above the current price target..

guys,if thheavy secured the FPSO job worth rm1billion or 1.5billion,is it possible the price reach to RM1.50?

kuttyravi,letter for FPSO?i tought FPSO is on june..or is it other contract?

petronas had narrowed down the tenders for baronia to 6 from 11..THHEAVY still in the group...mean,still have CHANCE..

just to share... news related to THHEAVY...http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=283812&Itemid=79

Indirect beneficiaries of RAPID include EPCIC contractors, fabricators, and O&G equipment suppliers, including SapuraKencana, MMHE, TH Heavy Engineering, Pantech Group, KNM Group, and so forth.
These contractors, whom will be involved in PIC’s construction phase, will be first to benefit from order flows to fill their respective orderbooks. “We understand that completion of RAPID in 2019 coincides with the period where petrochemicals prices are expected to experience an upcycle. Therefore, this will provide a much needed boost to PChem’s earnings.”


Read more: http://www.theborneopost.com/2014/04/05/pic-rapid-green-light-to-boost-malaysias-og-sector/#ixzz2y3mUM7nM

Firebird2,i expect that thheavy may secured the FPSO job worth rm1-1.5 billion(estimated)..

there are a few huge/big contract offer in 2014 such as:
1)west-sepat - usd 1.5billion (refer to alliance research)
2)bergading - rm1.5-2billion(refer yo alliance also)
3)baronia - rm1-1.5 billion(refer to alliance also)
4)kasawari - also worth a few billion(latest news thheavy is invited to bid) job in 2015

my point of view,there are only 3 local company that bid for the huge project..skpetro,mmhe and thheavy..the job offer in 2014 are 3 project..so, there is still high chance for thheavy..i aware that skpetro and mmhe are top player and have capability, but they still have the limit on how much they can do the job..moreover, skpetro and mmhe already using their yard for their other huge project..so,this increase thheavy's chance to secured one of the huge contract above..

just to share: “Based on our estimates, SapuraKencana and MMHE are now running at 50%-60% capacity utilisation,” said Alliance’s research analyst Arhnue Tan.
“For THHE, it is roughly at 40% or lower as the company has recently expanded its yard space.” ( https://sg.finance.yahoo.com/news/highlight-mmhe-sapurakencana-thhe-said-085005630.html

smaller contract in 2014 such as:
1)nosong job
2)muda field

if all the huge project goes to the skpetro and mmhe,thheavy will have higher chanve to secure small contract as above..

currently,first huge contract target is the FPSO...rm1billion or above..

1)there is a positive statement from the thheavy's representative recently on the FPSO job..but will announce on the 1st half this year(if im not mistaken)..

2)nosong job..based on the research, it should be slated by the 1st quarter 2014..

Zainol added that THHE is also making moves into the Floating Production Storage and Offloading (FPSO) segment, where it is bidding for its maiden contract from an international O&G player. The contract value is at “a reasonable charter rate”, and it is close to sealing the deal, likely in the first half of the year.

“Our venture into FPSO is very important as it will allow us to have a more sustainable and persistent cash flow due to the long-term contract tenure of around 10 years,” he said. “Right now, we are focusing on this particular FPSO, but moving forward, we plan to own more FPSO units as we see this segment as a potential revenue driver for the group."... http://www.seatrade-global.com/news/asia/thhe-boosts-yard-capacity-making-moves-into-fpso-market.html...based on this statement,im look forward about thheavy's FPSO job..

currently newspaper talk about the thheavy's FPSO contract..based on the thheavy's representative,thheavy is closed to secure the contract..still have a few month unil the FPSO result come out..at that time dont know how much the price..rm1.50?1.80?or rm2?!!!lets see..

new project such the SK316(that last year THheavy was the frontrunner according to a newspaper) will be offer for bidding..looks like another opportunity for thheavy to rise..refer here... http://www.theborneopost.com/2014/03/29/kawasari-cpp-in-block-sk316-off-sarawak-in-pre-qualified-feed/

looks like THHEAVY will seal the deal shortly..lets wait for it..i estimate RM 1billion and long term contract maybe for the FPSO..

On the FPSO system, Zainol said TH Heavy is bidding for a contract by an international O&G player that, if materialised, would mark its first venture into the FPSO segment.

Describing the contract value as “a reasonable charter rate”, Zainol said TH Heavy is close to sealing the deal, likely in the first half of this year.

Read more: TH Heavy lifting load-up capacity at yard - Today's Paper - New Straits Times http://www.nst.com.my/business/todayspaper/th-heavy-lifting-load-up-capacity-at-yard-1.534103#ixzz2x7QdZbDG
..

guys,latest news that I got..refer here..http://www.nst.com.my/business/todayspaper/th-heavy-lifting-load-up-capacity-at-yard-1.534103

is there any new project awarded?Nosong?FPSO?or maybe both of it?who knows..

just be relax..so far what i can think about the price drop bcoz many people sell..what i can expect is only contra player since there is no rumours or bad news announce..so far la..

bezfen08
 we'll see...but thheavy always like this..like noraini said,'thhe style'..but im still optimist that thheavy can move higher..bcoz there r lot of project for fabrication and also epcic(big project) that thheavy bid..dont forget,b4 this in 2013 thheavy is frontrunner for the huge project worth rm3billion sumthg(but not successful in the bid don know why)..this showed that thheavy have the capability to secure the big project but they just still havent the opportunity to prove it(bcoz thheavy is basically a fabricator and just recently start to bid for epcic since JV with mcdermott)..hope 2014 will be a thheavy's starting point to become the EPCIC player like Skpetro..there r only a few top players for EPCIC in malaysia...among them is Skpetro and thheavy..n dont forget,there a few big project to offer by this year..Bergading,Sepat, and maybe Baronia and UBON CPP too..   

thheavy also has FPSO to offer..just wondering what is the status for the FPSO that attract jx nippon to use the FPSO for layang oilfield..if thheavy secure the contract,it will be a huge bonus..   

lot of fabrication job also look like to be offer by this year..just lets see what will happen to thheavy this year..for me,thheavy is for long term investment..   

just in my point of view..if you guys has other opinion,pls share..more information is better..

pls inform if my info was wrong..tq..

Alam also fall like thhe..dun know whats happening..

in my point of view, i think that contra player is play this counter..they bought in huge amount to trigger buying signal, but when people stil not enter,they just sell back at cost price..just my thought, if u guys know sumthg,pls share..

if im not mistaken,if shareholder sold their share usually the company will make an announcement to inform that company's shareholder is disposing..but so far no announcement has been made..but mayb u r correct..currently waiting the announcement for nosong project..

i just wondering,last few days,after 4pm there will be huge seller Q to sell..they dont sell it but just Q to sell..just wonder who r they that hold so much thheavy share..r they just want to scared people?

based on what i saw,lot of transaction done at 0.905..means lot of buyer enter at 0.905..is that mean people accumulate ?bcoz lot of people sell at this price but still there is buyer who willing to buy it..if sum1 who had experience to this kind of situation,please share your view..thanx..

just to share..looks like mcdermott give a positive impression to petronas..mcdermott receive recognition from petronas showing that petronas acknowledge the ability and performance by mcdermott..there are still a few big project offer by petronas and bid by mcdermott..hope from the past performance by mcdermott,it can secure another project from petronas.. http://www.offshoreenergytoday.com/mcdermott-receives-petronas-hse-award-for-kepodang-project/

maybe sum1 know sumthg and just buy in..then people who dont know anything about it desperate to sell at good price and see the opportunity just now..so price going back to 91cent..in my opinion,thheavy might closed higher today..

guys,Thhe is start going up..

based on the alliance research,Q4 result fall due to the additional headcount(130 new headcount)..also,thhe expense on the FPSO..for me this two causes means that thhe is expanding its capabilities..more workforce means thhe is ready to take bigger job..in my point of view,thhe still has a good prospect..more job will be offer this year..hope thhe will secured a few project this year..

just to share..www.thesundaily.my/news/980177..

i think thheavy will going back to rm1 soon..in my point of view..

all 400million job should be start now..so,1Q2014 should be good financial result..

https://offshorebulletin.wordpress.com/tag/malaysia/...FEED project..if im not mistaken thheavy also bid for this project right?will they announce the winner soon?based on alliance research,estimate contract award is in 1Q2014..

hope thhe will secure huge and more projects in 2014 support with the outstanding orderbook currently at rm400million..

i read in the report, indeed it was a dissapointing result,but thhe stil in profit..based on the report,capital commitments almost 50million to upgrade the pulau indah..in addition,decreased in revenue for Q4 is bcoz of the completion of major fabrication job in Q3 and slower activities due to additional mobilization time arising from the commencement of new jobs secured in Q4.Item to be noted for decreasing in the net profit - (1)cost to complete project is higher than expected (2)new provisions made arising from the realisation of some disputed claims and damages (3)slower fabrication activities in the current year (4)higher operating cost to support to support future projects under bidding.

currently most O&G company is down..for example alam,scomies,perisai,perdana,barakah,daya,knm ,dayang, n more..i don know why,but if u guys know sumthg,just share..

perisai and scomies also drop..

its okay,report from alliance research already came out..it give a better view and idea to other people and investor to start looking into thheavy..maybe drop today bcoz of profit taking..thheavy sharply increased from price below 90c until rm1.05 in a few days..so it is normal if people sell for taking profit..dropped with low volume..even today other O&G like perdana also drop..

klci fall,i think its normal if thhe fall too..other O&G company also drop..

not sure..refer this -( http://www.thestar.com.my/Business/Investing/2014/02/24/AmResearch-Overweight-on-oil-and-gas-sector/)...but do thheavy bid for pengerang project?

fifijalal,refer to this..( http://www.upstreamonline.com/hardcopy/news/article1349983.ece)..i think nippon who is eyeing for the fpso..

mayleow,i dont know,but what i know is thhe is gonna secured the fpso job worth rm1.5billion but still not finalised yet..and recently talk about the business link between thhe and scomies since mr quek enter into this two company( http://www.theedgemalaysia.com/highlights/276152-hot-stock-th-heavy-actively-up-seen-having-synergy-with-scomi-after-queks-entry.html)..in addition in year 2014,there are a lot of job to be offer from petronas and this is a good opportunity to grab...thheavy also shorlisted to bid for the bardegg and baronia project worth about BILLION OF RINGGIT..thheavy JV partner Mcdermott have bid for sepat project and if secured maybe extra opportunity for thheavy..there is also news about thhe maybe benifited for feed project that recently awarded by petronas(refer here- http://klse.i3investor.com/blogs/amresearch/44565.jsp)...in my conclusion,thheavy has a very good prospect..just in my point of view...

wowwww..today closed at HIGHEST...

barakah won the T&I job worth about rm1.5billion and barakah now RM1.80+..thhe have chance to win the fpso job worth RM1.5billion and maybe other huge project such as bergading and more fabrication job in 2014..i think thhe has a good prospect..if thhe won the fpso job(1.5billion), how high thhe can go?rm1.80?if thhe secured the bergading job(billion project) could it be like mmhe or skpetro?for me,it is not impossible..

kuttyravi,if you go to the thhe's website and look at the news,mayb you can picture sumthg..there are a few huge contract around d corner..waiting for anouncement..dont know whether thheavy could win or not,but if thhe manage to secured one,rm1 above is easy for yhhe..in my point of view...

"based on our estimates,sapurakencana and MMHE are now running at 50%-60% capacity utilisation..for thhe,it is roughly at 40% or lower as the company has recently expanded its yard space..( http://www.theedgemalaysia.com/highlights/274590-highlight-mmhe-sapurakencana-thhe-said-shortlisted-for-rm15b-baronia-gas-project-tender.html)...

moreover,it is a jointly bid..mcdermott is not a small kids and dont forget,mcdermott is american based company same with HESS..i think thhe still have chance..

1)Hess has extended the bid deadline until 6 Jan for an EPCIC tender for Bergading project, offshore Peninsular Malaysia. A CPP with deck of between 10,000 and 15,000 tonnes and eight-legged steel jacket of about 10,000 tonnes is allowed to be fabricated outside Malaysia. McDermott-THHE, Samsung-SapuraKencana consortium and HHI are the prequalified bidders. Commercial proposal will be submitted in mid-February.

2)Hess has issued a tender for three wellhead platforms under the first phase of the North Malay basin gas development off Peninsular Malaysia. Four bid consortia including MMHE-Technip, THHE-McDermott, SapuraKencana-Petrofac and Brooke Dockyards with Ranhill WorleyParsons.
3)FPSO project
4)increase in fabrication job orders

and more..above is can be considered as huge project to be secured..if thheavy manage to secured the project,RM5 in 2 years is not impossible..

0.925...looks like thh going up further today..

fifijalal,i understand that..i read the news..it was about the contract from petronas carigali worth about rm250million..correct me if im wrong..

fifijalal,that one is already announced..

revenue for the charter of FPSO is estimated at RM70-100million annually.. http://www.theedgemalaysia.com/business-news/272779-alliance-overweight-on-oag-sector-as-news-on-contracts-turn-active.html