Zamsaham...Th did not joint bid with Mcdermott...however McDermott invited THHE to collaborate in this bid and to jointly execute the project upon successful award...quoted from Thursday's announcement, item no. 2, last sentence....their plan was to build CPP in batam and WHP in Port Klang (TH fab yard)...
Immediate Support 0.820, if violated go further south. strong support 0.80 I Look look see only today. Once rebound then probably re-enter tomorrow. See how my mood, hibiscus, G packet is in my radar today.
Bursa website : OTHERS TH HEAVY ENGINEERING BERHAD (“THHE” OR THE “COMPANY”) - Issuance of non-rated Sukuk by THHE based on the Islamic Principles of Murabahah of RM170.0 million in nominal value (“Sukuk Murabahah”)
TH HEAVY ENGINEERING BERHAD
Type Announcement Subject OTHERS Description TH HEAVY ENGINEERING BERHAD (“THHE” OR THE “COMPANY”) - Issuance of non-rated Sukuk by THHE based on the Islamic Principles of Murabahah of RM170.0 million in nominal value (“Sukuk Murabahah”) We refer to the earlier announcement dated 5 September 2013 in relation to the Sukuk Murabahah.
The Board of Directors of THHE is pleased to announce that the Company has today successfully completed the Sukuk Murabahah. The Sukuk Murabahah is for a period of three (3) years.
I think lay off for awhile. Dow Jones showing red again and with the new thing in US imposing " The Shutdown" something to do with Republicans against Obama Affordable Care Act. This will affect DJIA & will indirectly affect world index as pharmaceutical industries big thing in US & Europe. It might or might not affect our KLCI. See lah first tomorrow.
Both replivcans n demcrats could start talking and brings shutdown timeline to ends...they have acouple of hrs. bury their indiffrenecs and star negotiaitong within last hours...
Hhhmmm, hard to say.. until now both stood firm but of course 'Shutdown' would cause the U.S. at least $300 million a day in lost economic output at the start. That's a fraction of the country's $15.7 trillion economy and the impact is likely to grow over time.. Therefore, Republicans and Democrats need to find solutions for the Obama's healthcare law
The U.S. government began a partial shutdown at midnight for the first time in 17 years, putting as many as 800,000 federal employees out of work today, closing national parks and halting some government services after Congress failed to break a partisan deadlock.
More bad news to come as Republicans would not agree to lift the debt ceiling unless Obama's healthcare law delay by one year. So U.S. government is also heading toward a mid-Oct default on its debts and a full-blown constitutional crisis.
What I love about this Co. is that it has zero debt. Not to mention they are vying for several huge projects worth more than RM10b. With her order book size of only RM300m, any done deal of even 1 project may boost its topline that will directly impact its bottomline and hence its stockprice. From my calculation, this Co, is easily worth RM1.50 per share. Only time will tell how fast it can go that level.
Capobianco - Agree. I think I have mentioned the TP of RM1.50 in 18 months (the most) in my earlier posting here. But we are over clouded by the punters causing the price spin several times. This a new stock emerged from PN17 which turns to be fundamentally good (zero debts) so we need to keep it to grow progressively. Just give them time...
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....
eric_cheong
4 posts
Posted by eric_cheong > 2013-09-29 15:39 | Report Abuse
The project already announced??
Thought will be announce on next month...
Not only Tabung Haji but also HLB Tan Sri Quek :)