Posted by JayC > 2014-05-16 10:49 | Report Abuse

news out and price down. beh ho seh

Posted by craptree > 2014-05-16 12:01 | Report Abuse

hold on... small player exiting now....

Posted by AyamDua > 2014-05-16 12:18 | Report Abuse

SELL THHEAVY AND BUY HEXZA.

Posted by Wong > 2014-05-16 13:18 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1623577


RM1.2bil contract

Posted by gogobenalec > 2014-05-16 13:22 | Report Abuse

Time to fly

Posted by cherry tomato > 2014-05-16 13:25 | Report Abuse

now I think all of us concern is whether FGV announce M & A with THHeavy will it drive the share price down like Alma Maritim.

Wong, contract we all are know early.

Posted by Andre Kua > 2014-05-16 14:41 | Report Abuse

I think TheStar got it all wrong.

Lease of FPSO facilities upon completion of Engineering, Procurement, Construction/Fabrication/Conversion, Installation and Hook-Up and Commissioning until 17 November 2023;

Not 7.5 years, but 10 years, worth RM1.2billion. Thats translate into less than 100m per year.

Posted by Dylan1027 > 2014-05-16 14:51 | Report Abuse

http://www.theedgemalaysia.com/business-news/289868-flash-th-heavy-says-contract-win-carries-potential-additional-value-of-rm147b-if-qfull-extension-optionsq-are-exercised.html

Posted by Dylan1027 > 2014-05-16 14:52 | Report Abuse

http://www.theedgemalaysia.com/business-news/289867-flash-th-heavy-wins-fpso-contract-worth-rm12-billion.html

Posted by afifi > 2014-05-16 14:56 | Report Abuse

yahoo dah lama tunggu masuk lah sbelum keluar banyak info

Posted by Dylan1027 > 2014-05-16 15:13 | Report Abuse

seems lots of people selling on news '

Posted by TomJerry > 2014-05-16 15:27 | Report Abuse

No hope to break 1.00

Posted by Ameera > 2014-05-16 16:00 | Report Abuse

Always like that one....can't sustained the uptrend.... hold! Investlah.....

Posted by craptree > 2014-05-16 16:02 | Report Abuse

potong stim punya counter

the margin is not great... look at the amount Bumi Armada get for thier FPSO!!!

Posted by ckl4717 > 2014-05-16 16:12 | Report Abuse

cannot compare with BAB, their total contract volume so huge, of coz 1 FPSO contract wont affect much. THHE 1 contract can double their total revenue ad.

Posted by Dylan1027 > 2014-05-16 16:24 | Report Abuse

someone is holding the price..

Posted by afifi > 2014-05-16 16:32 | Report Abuse

sabo

Posted by abdulrahim > 2014-05-16 19:25 | Report Abuse

Hehehe

Posted by sheep > 2014-05-16 19:29 | Report Abuse

GOT STUCK..WILL SELL ON STRENGTH NEXT WEEK.

Posted by WY Chan > 2014-05-16 20:17 | Report Abuse

Damn... like it will be down trend again

unless there is more good news which is unlikely

Posted by JTFX > 2014-05-17 00:48 | Report Abuse

U.S. stocks fluctuated, after the Standard & Poor’s 500 Index fell the most in a month yesterday, as an unexpected drop in consumer confidence offset a rise in the pace of home construction.

Posted by breadman > 2014-05-17 09:53 | Report Abuse

Jtfx....Dow, s&p & Nasdaq were at all time high days ago...sure will have some adjustment...btw....the secured project is not as interesting as I expect....10 years for EPCIC and the FPSO leasing only start from year 2023......dun see that will be a direct and immediate impact on the company......I will say thhe need to work on more regional EPCIC tenders which is the part of scope they expertise....

Posted by kheng > 2014-05-17 11:41 | Report Abuse

They paid heavily for management n consultation fees which reduced greatly the EPS. KLSE should conduct investigation into it to curb malpractices that siphoned the company's fund.

Posted by lotusf1 > 2014-05-17 11:54 | Report Abuse

ThHeavy shres seems to go round n round frm head without signs of moving up even after a hefty priject...secured..invstrs maybe want to know or,interesyed in how much gains profits not how big project is...

Posted by almufathal > 2014-05-17 11:57 | Report Abuse

Guys...dont forget Theta Edge....Tabung Haji will never forget the other son... Target price rm1.5...

Posted by sheep > 2014-05-17 17:09 | Report Abuse

sell on news

Posted by DarrenK > 2014-05-17 19:25 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1623577
*fspo leasing until 2023 with option to renew every year up till 10years(max year 2033)

why say start leasing from 2023?

Posted by kheng > 2014-05-17 19:31 | Report Abuse

Lengchai Quek had made enough. Time to sell down 1 year after his last entry.

Posted by craptree > 2014-05-17 19:40 | Report Abuse

DarrenK: (b) Lease of FPSO facilities upon completion of Engineering, Procurement, Construction/Fabrication/Conversion, Installation and Hook-Up and Commissioning until 17 November 2023;

Please read correctly... it is to leasing until 2023 not start leasing on 2023.

Posted by DarrenK > 2014-05-17 19:51 | Report Abuse

@craptee

yaya...i mean start till 2023 n option to renew till 2033 ....

that why i wonder how come @breadman say start from 2023....

the star update:
http://www.thestar.com.my/Business/Business-News/2014/05/17/THHE-wins-contract-worth-up-to-RM27bil-It-is-for-the-provision-of-EPCIC-and-lease-of-vessel/

Posted by Ayam_Wahaha > 2014-05-17 20:31 | Report Abuse

SELL THHEAVY @95 sen and BUY HEXZA @75 sen

Soon, HEXZA will climb to 95 sen again, then you can buy back THHEAVY @ 95 sen agin,
with 25% more shares. ngiak ngaIK

Posted by Joel > 2014-05-18 09:10 | Report Abuse

Business News

Home > Business > Business News

Published: Saturday May 17, 2014 MYT 12:00:00 AM
Updated: Saturday May 17, 2014 MYT 7:58:33 AM

It is for the provision of EPCIC and lease of vessel


PETALING JAYA: TH Heavy Engineering Bhd (THHE) has won a contract for the provision of engineering, procurement, construction, installation and commissioning (EPCIC) and leasing of its floating production storage and offloading (FPSO) vessel, a deal that could be worth up to RM2.67bil.

Confirming a StarBiz report, the company told Bursa Malaysia yesterday that it had received a letter of award (LoA) from JX Nippon Oil and Gas Exploration (M) Ltd.

The LoA entails the provision of EPCIC and subsequent leasing of its FPSO Deep Producer 1 until Nov 17, 2023 for the Layang Development Project at Block SK10, offshore Sarawak.

The award also provides for the option to extend the lease of the FPSO facilities for one year up to a maximum 10 years. It said the award was estimated to be worth about RM1.2bil for the primary period, with additional potential of up to about RM1.47bil should the full extension options be exercised.

“The award is expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending Dec 31, 2014 and thereafter over the entire lease period,” THHE said.

The job win is a first for THHE for the vessel it acquired in 2011.

The FPSO Deep Producer 1 vessel is owned by Floatech (L) Ltd, an 80% subsidiary of THHE.

It was reported the FPSO would have a storage capacity of 400,000 barrels of oil with a lifespan of about 20 years.

http://www.thestar.com.my/Business/Business-News/2014/05/17/THHE-wins-contract-worth-up-to-RM27bil-It-is-for-the-provision-of-EPCIC-and-lease-of-vessel/

Posted by Joel > 2014-05-18 09:14 | Report Abuse

My remisier told me yesterday by phone regarding
to invest and accumulate THHEAVY strongly bcos

Inside ppls fr others institution had aim Thheavy TP at RM1.50

in this recent day or recent week ( May2014-June 2014 ) !!!

Posted by Joel > 2014-05-18 09:15 | Report Abuse

Bro sis, Told tight!

Posted by Ameera > 2014-05-18 11:24 | Report Abuse

Wow...I only aimed at RM1.30...:) :)

Posted by kheng > 2014-05-18 11:26 | Report Abuse

I will be happy with 1.00 hit in view of the QLC factor.

Posted by TomJerry > 2014-05-18 13:37 | Report Abuse

1.10 enough for my target already .

Posted by Lotusf1 > 2014-05-18 13:42 | Report Abuse

Joel 1.50 tp seems a heavy duty task fr me , but big player like tbong haji could lend a hnd ..here...

Posted by TomJerry > 2014-05-18 13:42 | Report Abuse

RM1.00 , the first resistance must pass through n stand above as a closing prices .

Posted by Azli > 2014-05-18 15:45 | Report Abuse

Surely TH will go in... My sifu asks to hold for about 1-2 months the longest.

Posted by sengseng > 2014-05-19 01:05 | Report Abuse

for long term..1.50..should be no problem..those project will ontinue coming.

Posted by Bawal > 2014-05-19 02:42 | Report Abuse

Haiyoo, itu aaa mau cari MH370 USA kasi tolong banyak. Macam mana mau bayar balik?? Kasi McDermot contract laaa......

Posted by Bawal > 2014-05-19 02:46 | Report Abuse

I guess they will be more contract go to US companies than other countries.

Posted by Stockman > 2014-05-19 03:21 | Report Abuse

After Obama visits, increase foreign investments

Posted by sheep > 2014-05-19 04:11 | Report Abuse

1.2 billion.
If project not managed properly, it will be in negative and go into pn17 just like ramunia last time.

Posted by kaliaoki > 2014-05-19 07:27 | Report Abuse

Need to check did they underpriced to secure project

Posted by speakup > 2014-05-19 07:57 | Report Abuse

Tan Sri Quek got confidence in this company & ALAM

Posted by JT5774 > 2014-05-19 08:13 | Report Abuse

Good Morning, THHEAVY investors, Happy Trading!

Posted by george_poros > 2014-05-19 08:52 | Report Abuse

let's make some $$$!

Posted by breadman > 2014-05-19 12:20 | Report Abuse

my apologize @darrenK..i read the new from sinchew and it tells is from 2023 instead...see the link if you could read chinese http://biz.sinchew.com.my/node/95191?tid=6

btw...based on my exp in this industry....leasing of FPSO will not happen in recent year....they have to complete the EPCIC scope before they could lease the FPSO. that might spend a few years and that will be the major part....because as the statement told...this is the first ever FPSO project they had secured...meaning compare to FPSO "daigor" bumi armada...they are lack of experience....so...risk is still there...anw....this is still a very good news to this company...i had been holding this counter quite a while but profit taking is a good choice at this moment i will say as the positive simulant will not hold for 10years over the project period...the price today tells....cheers all