Whatever news out already factored in with price increase lately. Resistance still at 0.95 & support @ 0.88 If you're sitting on profit - maybe take some if not all. What goes up will come down. Catch it again on pull back. Good luck.
From Bursa Website :) TH Heavy Engineering Berhad (“THHE” or “the Company”) wishes to clarify the article that appeared in “The Star” dated 25 September 2013 titled “TH Heavy Frontrunner For Job” (“the Article”) as follows :- 1. With reference to paragraph 1 of the Article, the Company denies making any statement/claims that it is close to winning a significant contract which in the Article is referred to as the SK316 project. This contradicts with the Managing Director and CEO’s view that THHE and McDermott have equal chances of winning the project.
2. With reference to paragraph 5 of the Article, the Company did not announce the joint bid of the SK316 project with McDermott. Consistent with the policies of the Company, THHE does not make any public announcements on bids for projects. The Company only makes public announcements upon award of projects. To further clarify, McDermott International lnc's unit, Berlian McDermott Sdn. Bhd. was invited by PETRONAS to bid for SK316 as part of an international tender. McDermott invited THHE to collaborate in this bid and to jointly execute the project upon successful award. 3. With reference to Paragraph 12 of the Article which states, “If we do get SK316, then we would use McDermott’s fabrication yard on Pulau Batam, Indonesia.” McDermott, if awarded, will carry out the fabrication of the Central Processing Platform (CPP) at its Pulau Batam Yard, Indonesia and the remaining will be fabricated at the Company's Pulau Indah Yard. This announcement is dated 26 September 2013.
No 2 last sentence " McDermott was invited THHE to collaborate and jointly execute the project upon successful award" meaning that THHE sure involve in this project. Just directly or joint with third party, am I right?
Still sighted RSC story goreng for thhe when no such thing possible for the time being.. 2014 maybe.. if they manage to JV with reputable operator..
Sk316 - equal oppurtunities for all bidders.. but based on track record thhe never fabricate big platform i.e CPP, neither Skpetro.. if they bagged this bid its a miracle..
Ur $$, ur call, ur risk.. either rain gold or blood here..my 2 cents.. :)
Well if they are selling maybe they want to jump boat laa for fast money...thheavy is a fundamental stock, if no good the directors also will dump. Dont listen to rumors and regret, of course they denied the rumours from the star..because it rumours....yeah so be wise and smile later ;-)
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....
adlishariman
50 posts
Posted by adlishariman > 2013-09-26 12:08 | Report Abuse
alamak...sudah red zone la....be prepared guys...