before the Lundin project,THHE has secured a few project worth estimated RM300million.Currently,new project Lundin and Sabah project increase the number of THHE's job.Based on the headlines,the Sabah project worth about RM250mil.so,at least THHE has about RM550million project + Lundin project(but the value not stated)..In my point of view,THHE has a very good prospect becoz in 2014 there will be increasing fabrication job orders(based on the headlines)… In addition, the turnkey project worth USD1billion is expected to be awarded by May 2014..the project is under US Based HESS, which is the 3 bidders are Hyundai Heavy Industries-Aker Solutions, Samsung Heavy Industries-Ranhill Worley-SapuraKencana Petroleum, and McDermott-TH Heavy Engineering (THHE)..
As usual sell after news out but theres good support at 0.91 shows the big player still game on for bigger gain. Financial quarter coming out end of Feb... chances to rise up again for active play. Other O&G stock like TGOFFS, SONA-WA, KNM also heavy trading and rise up.. THHEAVY under big players name like Quek Leng Chan sure will give more CNY ang pow also. :D
- Petronas has shortlisted 8 major yard operators as well as the three key Malaysian players - Malaysia Marine Heavy Engineering, SapuraKencana Petroleum and TH Heavy Engineering - for the Baronia CPP contract. The shortlist also includes Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries, Singapore-based SMOE, Italy’s Saipem, McDermott and China’s Offshore Oil Engineering Company (COOEC).The eleventh bidder invited to the Baronia CPP race - Abu Dhabi-based National Petroleum Construction Company - is making its first entry into the Malaysian bid circuit. Bids are due in April 2014, with the award likely to be announced in mid-2014.
JX Nippon and Petronas are now in discussion with TH Heavy Engineering (THHE) for this charter agreement but no decision are made yet so that the converted Layang FPSO should not be in operations in the Block SK10 before 2016.
Petronas has shortlisted 8 major yard operators as well as the three key Malaysian players - Malaysia Marine Heavy Engineering, SapuraKencana Petroleum and TH Heavy Engineering - for the Baronia CPP contract. The shortlist also includes Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries, Singapore-based SMOE, Italy’s Saipem, McDermott and China’s Offshore Oil Engineering Company (COOEC).The eleventh bidder invited to the Baronia CPP race - Abu Dhabi-based National Petroleum Construction Company - is making its first entry into the Malaysian bid circuit. Bids are due in April 2014, with the award likely to be announced in mid-2014.
Besides the Baronia CPP, the other CPPs in the pipeline are for the Sepat, Bergading, Bokor and Dulang fields. While 1Q2014 orders are likely to slow down QoQ, these project rollouts underpin the overall upward momentum trend and reaffirm our positive view on the sector. Hence, we maintain our OVERWEIGHT call on the sector
Beside central processing platform (CPP) projects, theres a separate tender ongoing for the three satellite wellhead platforms- the Zetung, Anggerik and Kesumba fields - has attracted bids from Malaysia Marine Heavy Engineering (MMHE)-Technip, McDermott-THHE, SapuraKencana-Petrofac, and Brooke Dockyards-Ranhill WorleyParsons
Still not too late to buy..a very big announcement on a new project will come out soon..the biggest awarded ever for thheavy....even bigger than the Ramunia (old name for thheavy)time.....
The Company has to show improvement in its profitability first. Then the investors woud believe that the Company can more generate profits from its future projects. More projects without growth in its profitability or margins expansion are meaningless... Anyone knows when is the Company going to announce its results!???
breadman, i read the hardcopy. TH seems to be the sole bidder for that 1.5b fpso project. so it is almost a done deal man. if u happen to buy theedge, the news is on the front page. it is still not on the star yet, so better hurry traders.
Just a recap what happened to the "news" posted on The Star about THHEAVY awards last year which turned out the opposite. Trade on your own gut and risk. Hope everyone make good return on your investment. Good luck.
For experience traders/investors.. this the strategy use by the big players buy/sell in big vols to make the stock counter to appear in Top 10 active stocks to get more attention for other big players to join in the active trades.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Manufacturer of fortified F&B and dietary supplements, OB Holdings Berhad aims to list on the Ace Market!
MQ Trader 124 views | 19 h ago
0:17
New IPO: Precision engineering components manufacturer, Northeast Group Berhad aims to list on the Ace Market!
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....
kerengga
345 posts
Posted by kerengga > 2014-02-06 08:22 | Report Abuse
i've told you....=)..but this is not the point to fly..=(