The Board of Directors of THHE is pleased to announce that its wholly owned subsidiary, O & G Works Sdn Bhd (“OGW”) has been awarded an extension of scope for License by PETRONAS for mode of operation ‘Manufacturer’ (“License”). The Standardised Work and Equipment Code (“SWEC”) applied is Mechanical-Crane-Pedestal. The License is subject to terms and conditions stated therein.
0.90 should no problem.. Than when they announce financial result- will move another 4-5 cents. rm1 should be achieve if there are no 'hiccup' or 'knee jerk' by mr market..
Petronas delay of awarded new contract- so it effect skpetro performance for short period. In long term skpetro still has a bright future.. The main concern is our market coz we just got 'yellow card' from Fitch.. It will effect our market in medium and long term if Najib's administration not plan something during budgeting tabling this October..
Usry, thanks for sharing. I sold my thh already. Still hold thh wa. Was wondering ehy both mother and son shares going up! Hope tomorrow will continue to go up some more! Cheers!
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.”
walauuuu, u bought so many shares ah, its ok la. last time i also bought at highest, then drop like hell. I only have 20k unit, highest paper loss was 1.6K. feel like dying that time. I think the quarter result coming out soon, hope there will be another hike again :)
the rp 2c crane manufactured by ogw can be cheaper compare to favelle but they need to convince the PSCs that the quality is as good as favco and have better lead time as favco is loaded with orders from all over the world. otherwise, the license is only good to push the share price higher temporarily and not for revenue generation yet; in the mean time. ride the trend and realise the profit.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Erica
405 posts
Posted by Erica > 2013-08-13 18:43 | Report Abuse
Petronas license in hand.........