TH Heavy Engineering (THHE), whose stock price has more than doubled since mid-April, is close to winning a significant contract that would likely give it a re-rating of sorts, according to insiders. Market talk is that THHE is the frontrunner for the massive fabrication by Petroleum Nasional for the latter’s SK316 field. That THHE had jontly bid for USD1bn (RM3.22bn) job with McDermott International has already been announced. Petronas will announce the winner next month. The project entails the development of two gas fields in the SK316 block, sited about 200km north of Bintulu, Sarawak. (StarBiz)
bawal: hahahaha. so now u are not wearing any a? all were sold already... BTW, the official announcement on the award by petronas is just part of THH-McD deals for this quarter major activities. Heard that investment banks are proposing few plan on the expansion of THH-McD, some on takeover bid should they target to expand unorganically. these are for 2014 onwards and what we see now is just its screensaver. more to come we believe. The 2014 Budget has yet to presented and there are some goodies on O&G as mentioned earlier by the government esp incentives for expansion on that sector to cushion out oil price hike.
rm1 is quite low in my point of view..becoz if thh really win the contract,it worth about 3billion..triple of thh's mkt capital!!! for me thh may reach rm1.50-rm2..if secured the contract..
petronas procurement is a very strict process and requires previous proven track record n strong financial support. thh has a strong financial support with the recent sukuk issuance n shateholders while on track record, it is riding on McD. this petronas award is the landmark deal and proves that they are at par with other competitors within a short period of time, or even better as agreed by some analyst. if under normal /no hiccup market, TP-next 6mths is 1.15 -1.40. medium 18months 1.45-1.70. long term 18-24mths 1.8-2.00.
how about this :) Baa, baa, black sheep Have you any wool? Yes sir, yes sir, three bags full. One for the master, And one for the dame, And one for the little boy Who lives down the lane.
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....
bawal
105 posts
Posted by bawal > 2013-09-25 14:49 | Report Abuse
Wa pu sedih tengok Alam, takmau tengok lg