Posted by pirate99 > 2015-09-11 18:52 | Report Abuse

Pretty aggressive for past few days.. but still not much factors that can lure me in.. heck.. who cares..as long as u guys make profit.. enjoy the rides.. good luck mate..

Posted by somchik > 2015-09-11 19:44 | Report Abuse

annmix@ did you buy 100k at 13 sen on 26 august, hope u did and had handsome profit cos today close at 21 and i suggested it could be 19.5 only. ki ki ki

Posted by abdulrahim > 2015-09-11 19:58 | Report Abuse

What project THHEAVY have now? Mind to share please...

Posted by viper88 > 2015-09-11 21:06 | Report Abuse

abdulrahim: JX Nippon Layang contract and the Petronas Carigali Kinabalu Non-Associated Gas (NAG) Phase 11 project.

Usually big players will enter and push up price 1st.. the vol increase to attract other big players to join and later roll into bigger price spike up.. ICPS-I shares will attract other fund managers to invest if THHEAVY price is higher coz the conversion is 1:1.. if THHEAVY price lower... not many ppl will buy/trade icps-i shares.

somchik: Those who bought at 0.13 @ RM40k, 300000 units.. now at 0.21 paper profit about RM24K..
More than to 50% abdulrahim: JX Nippon Layang contract and the Petronas Carigali Kinabalu Non-Associated Gas (NAG) Phase 11 project.

Usually big players will enter and push up price 1st.. the vol increase to attract other big players to join and later roll into bigger price spike up.. ICPS-I shares will attract other fund managers to invest if THHEAVY price is higher coz the conversion is 1:1.. if THHEAVY price lower... not many ppl will buy/trade icps-i shares.

somchik: Those who bought at 0.13 @ RM40k, 300000 units.. now at 0.21 paper profit about RM24K.. more than 50% profit. :D

Posted by somchik > 2015-09-11 22:05 | Report Abuse

ya loh and that was on 26 August..hardly two weeks 50% gain..should tell ooi teik bee ki ki ki

Posted by viper88 > 2015-09-11 22:47 | Report Abuse

OTB have alot stock followers.. his stock pick quite good also.

0.16 & 0.165 also good entry. I wanted to buy earlier but my emergency fund only came in late Tues so bought at 0.17 & 0.175 on Wed.

Posted by abdulrahim > 2015-09-12 06:36 | Report Abuse

Thanks viper. Anyway Q2 result making more losses. Not attractive. The award till 2023, however O&G sector in hibernate.

Posted by viper88 > 2015-09-12 12:17 | Report Abuse

abdulrahim: U r welcome.

Previously THHEAVY AVG price 0.3966, 0.3240 & 0.3209 was taken into consideration for RI ICPS-i 16:15 at 0.25.

From the RI approved proposal:
===============================================
The ICPS-i will be issued at its par value of RM0.25 per ICPS-i. The Conversion Rate of the
ICPS-i has been fixed at 1 new THHE Share for every ICPS-i held. The issue price for the
ICPS-i and the Conversion Rate were determined after taking into consideration the prevailing
market conditions, market price of THHE Shares prior to the announcement of the Proposals
on 13 February 2015, the par value of THHE Shares as well as the gross proceeds of up to
RM300,000,000 intended to be raised by our Company.

Based on the Conversion Rate and the par value of the ICPS-i, the conversion price derived
is RM0.25 for every new THHE Share (“Implied Conversion Price”). Based on the assumed
entitlement basis of 16 ICPS-i for every 15 existing THHE Shares and the 5-day VWAMP of
THHE Shares up to and including the LTD of RM0.3966, the Implied Conversion Price
represents discounts of approximately 22.84% and 22.10% to the TERP of RM0.3240 and
RM0.3209 under the Minimum Scenario and Maximum Scenario respectively. In determining
the discount to the prevailing market price, our Board has taken into consideration the level of
discount that is likely to encourage broad participation in the rights issue exercise by our
Entitled Shareholders, while at the same time enabling our Company to raise the required
funds.

================================================

THHEAVY price was way oversold recently even lower than the RI 0.25 due to weak market sentiment and poor response.

After RI completed and have raised up fund, with ICPS-i convertion to THHEAVY at 1:1, THHEAVY price expected to move up back to 0.25 and higher to its previous AVG prior to the RI which is 0.32-0.39 range to reflect its +ve share price value and profitable convertion for its shareholders.

That is why can see for the past 1 week, bigger vol and buying strength increase + price start to move up push by the big players. The big players & big shareholders holding icps shares at 0,25, if THHEAVY price low, its not profitable for them to do trading and also not attractive for other retailers to buy.


As usual, do own due dilligence work if interested with this THHEAVY stock.

Posted by AnnH > 2015-09-12 14:00 | Report Abuse

Wow viper u really know this stock inside out. Thorough explanation, if next week the price remains above 0.2, then yr logic explains well.

Posted by viper88 > 2015-09-12 17:20 | Report Abuse

AnnH: Icps-i expiry in 5 yrs. Tabung haji can pump in rm275million for icps..small change for big players to push up price since thheavy current price is still 'low' compare to icps share price. Its just matter of time and their strategy. Next week monday is the icps listing. Thheavy price already move from low 0.13- 0.15 to above 0.20. Yesterday klci drop but thheavy still up till 0.22 and supported above 0.20 closing at 0.205.

There will be a new counter for thheavy icps trading next monday..its starting price will be based on its 0.25 subscription price unless there r seller or buyer will to sell lower or buy higher.

Thheavy price will be used as benchmark for icps share price since convertion is 1:1.

Posted by viper88 > 2015-09-13 10:49 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/09/11/TH-Heavy-to-pay-dividend-rate-for-ICPSi/?style=biz

Posted by kenen > 2015-09-13 12:43 | Report Abuse

Isn't a good news?

Posted by AnnH > 2015-09-13 13:33 | Report Abuse

Hi viper thanks for the link.
Wouldnt this b good for thheavy share price?

Posted by viper88 > 2015-09-13 13:37 | Report Abuse

More newsplay on THHEAVY: http://www.thestar.com.my/Business/Business-News/2015/09/12/Can-THHE-make-it-the-second-time-around/?style=biz

Posted by viper88 > 2015-09-13 14:26 | Report Abuse

kenen & AnnH: Big player TH give financial support for THHEAVY via ICPS, things should be more stable currently. Next is ICPS-i + THHEAVY share price play...after pump in money.. the money have 2grow instead of shrink so share price have to move up for the value to increase higher..

THHEAVY share in downtrend mode past 5 months since high 0.455 pre RI.
Its been long overdue for uptrend rebound.

With RI completed, big players already get back into THHEAVY and start buying up the shares.
If they can push back THHEAVY price to its recent high 0.40++ it will be a good show.

Eg. of share that rebound strong after RI:

Yong Tai

before RI - 0.88
RI - 0.44
after RI - push up back till 0.81.

Posted by viper88 > 2015-09-13 17:00 | Report Abuse

If see previous history of THHEAVY.. after RI completion price went up high

RM105 million raised via RI
http://www.klse.my/entitlement/111269.jsp
12 July 2012 onwards - 0.40+ up till 0.62

Same goes when issues Sukuk..

RM170million raised via SUKUK murabahah
http://www.thestar.com.my/Business/Business-News/2013/09/06/TH-move-to-issue-RM170m-sukuk/?style=biz

12 sept 2013 onwards - 0.78 up till 0.975 and later 1.05

======================================================

This time RI raised RM 275million..

Current price at 0.205 is so much lower than 2012 price 0.40.. before RI and also bfr exit PN17.

Posted by hula > 2015-09-13 17:08 | Report Abuse

Oil heading to 20, see how can they tahan

Posted by hula > 2015-09-13 17:15 | Report Abuse

Foreign investors mostly Cabut ...... Only local institutions supporting KLCI......ringgit continue down, oil price sooner 20. BNM reserves susut, political instability, see how can they tahan .......

Posted by viper88 > 2015-09-13 18:38 | Report Abuse

Hula: That's Golden Sach prediction/target future price..

Last time target abt 30, now say 20.

Oil price fluctuate every now and then.. some predict next yr oil price in the range of 55-60.
Different investment house gives different target.

http://money.cnn.com/data/premarket/?iid=H_MKT_QL

THHEAVY already get money from TH and can proceed with their FPSO projects that will generate profit next yr...oil price volatile but biz will still continues..

Posted by somchik > 2015-09-13 19:24 | Report Abuse

FPSO is profitable nothing to do with oil price ..a contract award by Nippon co . Japan. to THheavy. two more projects at stage of bidding by our new CEO.. so brace for good time ki ki ki

Posted by viper88 > 2015-09-13 21:43 | Report Abuse

somchik: Yes...FPSO profit already in hand with RI fund injected in.
Eventhough RI undersubscribed, TH mopped up an additional 740.79 million of the ICPS-i shares beside its own alloted shares. In the RI proposal, already stated TH willing to buy the remaining ICPS-i shares not taken by other shareholders. TH wont inject RM275million if theres no contract that can generate profit in hand.

Currently waiting Petronas to annouce for Refinery and Petrochemicals Integrated Development (RAPID) project winner in Pengerang, Johor.

With new CEO from EX-petronas senior positions as operations head at Petronas Carigali (the exploration and production arm of Petronas) and country chairman of the oil giant’s operations in Sudan... better chance to secure big projects contracts. With biz financial issues solved, THHEAVY chance to secure project contract is much more higher also.

Good newsplay usually release after RI completed.

Posted by sheep > 2015-09-13 22:59 | Report Abuse

Bad and worrying news over the weekend. starting tomorrow, stock going down with poor sentiments. still hoping to gap up?

Posted by saschl > 2015-09-13 23:11 | Report Abuse

Sheep agree with U see this
Petaling Street shops to close on Sept 16 over rally fears https://m.malaysiakini.com/news/312173#.VfVwM6_CR0w.whatsapp

Posted by viper88 > 2015-09-14 00:11 | Report Abuse

http://www.cnbc.com/2015/09/11/oil-may-be-nearing-its-final-capitulation-rr-founder.html

Posted by viper88 > 2015-09-14 09:42 | Report Abuse

ICPS-I listing today under THHEAVY-PB.
No seller at selling queue.
Buyer queue at 0.18.

TH bought at 0.25, if want to sell also at higher price for profit unlike those contra kakis that cant hold and sell at losses.

Posted by AnnH > 2015-09-14 13:09 | Report Abuse

thheavy holding quite well today

Posted by viper88 > 2015-09-14 13:25 | Report Abuse

Big players still inside.

Posted by viper88 > 2015-09-14 13:47 | Report Abuse

“Generally, we avoid O&G but we like the floating, production, storage and offloading [FPSO] segment as its revenues are contractually locked in and its business is cashflow driven,’’ said Vincent Khoo, head of research, UOB Kayhian.

http://www.thestar.com.my/Business/Business-News/2015/09/14/Time-to-buy-oil-and-gas-stocks/?style=biz

Posted by viper88 > 2015-09-14 14:16 | Report Abuse

More potential money in.. Value Cap is for high risk investment type especially .

http://www.reuters.com/article/2015/09/14/malaysia-economy-idUSL4N11K20T20150914

http://www.bangkokpost.com/news/asean/692368/najib-delivers-4-6bn-boost-for-stock-market

http://www.nst.com.my/news/2015/09/valuecap-reactivated-rm20b-pm-najib

http://www.thestar.com.my/Business/Business-News/2015/09/14/PM-says-govt-to-reactivate-ValueCap-with-RM20b-fund/?style=biz

Posted by viper88 > 2015-09-14 14:52 | Report Abuse

http://klse.i3investor.com/blogs/rhb/82898.jsp

TH Heavy Engineering rebounded to test the MYR0.21 level after crossing above the 50-day MAV line in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.25. In the meantime, the stock may drift sideways if the MYR0.21 level cannot be surpassed. Support may then be found at MYR0.175, where traders can exit upon a breach.

Posted by sheep > 2015-09-14 15:02 | Report Abuse

this one also GLC? or due to tabung haji baby?

Posted by matzi > 2015-09-14 15:03 | Report Abuse

Go Go Go!!!

Posted by maya1301 > 2015-09-14 15:26 | Report Abuse

SELL!!!
Run before its too late!!!

Posted by Kian Yap > 2015-09-14 15:48 | Report Abuse

naik naik naik!!!!!

Posted by maya1301 > 2015-09-14 16:06 | Report Abuse

SELL!!! SELL!!! SELL!!!

Posted by viper88 > 2015-09-14 16:19 | Report Abuse

0.225 uptrend continue.. Big players favourite counter.. already in MOST active counter (Vol)

Posted by AnnH > 2015-09-14 17:11 | Report Abuse

hi viper, thanks for all the valuable info. made some gain here
god bless u and family

Posted by Kian Yap > 2015-09-14 17:19 | Report Abuse

I want to thanks you too viper!!!

Posted by ECGC > 2015-09-14 17:51 | Report Abuse

Yeahhh....last night i placed order at 20c..averaging the lastweek entry at 17.5c...huat huat horray....target 25c!

Posted by ding dong > 2015-09-14 17:59 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/09/12/Can-THHE-make-it-the-second-time-around/?style=biz

Posted by somchik > 2015-09-14 20:12 | Report Abuse

Rm falling from the sky ki ki ki.. Buy low .. Buy when nobody dun wan to know about. Buy when revive financially with new ceo . Buy when got solid contract for at least 5 years

Posted by viper88 > 2015-09-14 20:16 | Report Abuse

AnnH & Kian Yap: Welcome. Hope u guys make big gains.
More to come.. uptrend stronger as the big players continue push price higher today hit 0.225 before close at 0.22.

THHEAVY-PB no transaction today, unable to trade coz no seller (TH) want to sell at 0.20 where buyer queued. Subscription 0.25, need to sell at higher price for profit.

THHEAVY price have to move higher to attract buyer to buy THHEAVY-PB shares.. big players know it..
if price low, they only holding shares. With 20% dividen option.. once price of THHEAVY moves above 0.25... it will attract more fund managers to buy.

With Valuecap money coming in soon for undervalue stocks... THHEAVY stand good chance to get stronger boost in share price.

Those who experienced with valuecap injection during 2009, it was only RM5billion..
That time alot penny stocks came back alive and get boostshot up.
This time RM20billion... 4X more money injected to stock market ..should be better to shove up those cheap stocks.

"Valuecap, a highly-secretive fund set up in 2002 to buy undervalued stocks, invests specifically in the Malaysian equity market and is jointly owned by Khazanah Nasional Bhd, Permodalan Nasional Bhd and the Retirement Fund (Inc). The government has left it up to Valuecap to decide how to distribute the fund.
Analysts generally believe it will be used to invest in solid index-linked stocks.
The funds could well be used to buy small- and medium-cap companies that present good value following the market’s recent sharp falls. Valuecap will never reveal what stocks it invests in. It is obliged to make the information public only if its investments in a company exceed the five per cent threshold."

THHEAVY chairman also from PNB.
http://www.thhe.com.my/index.php/about-us/board-of-directors/dato-hj-ghazali-bin-awang/




http://www.thestar.com.my/Business/Business-News/2015/09/12/Short-position/?style=biz

A lift for O&G firms

IT seems local institutional funds are still hungry for new shares and bonds by oil and gas companies, as they search for bargains amid the turmoil in the industry caused by a steep decline in the price of crude oil.

These cash rich buyers, including Lembaga Tabung Haji who appear to be taking a long-term view of their investment, even as most investors are shying away from the sector.

Earlier this week, the pilgrim fund bankrolled the entire RM275mil fund-raising exercise by its 30%-owned TH Heavy Engineering Bhd.

This was after other shareholders in TH Heavy declined the offer to subscribe to the rights issue.

Tabung Haji paid 25 sen a piece for the Islamic irredeemable convertible preference (ICPS-i), which came attached with a fixed 20% dividend based on the nominal value of the ICPS-i payable over five years.

The dividend promise provides some element of guaranteed returns for the fund, plus an upside potential if shares in TH Heavy goes up.

Tabung Haji’s decision to pump in more money into TH Heavy came in as much needed financial boost for the loss-making company.

TH Heavy is in the midst of building its first floating, production, storage and offloading vessel, which has already secured a contract and is expected to be ready by the third quarter of 2016.

Meanwhile, an unnamed local institutional fund is also taking a big bet on another oil and gas contractor SapuraKencana Petroleum Bhd.

The fund was said to be the sole subscriber of SapuraKencana’s US$200mil (RM846mil) sukuk that was issued during the week. Proceeds from the exercise will be used to refinance some of its existing debts totalling close to RM17bil.

The 7-year sukuk carries a yield of 4.85% and is unrated. SapuraKencana is one the world’s largest tender rig operator.

It counts the Employees Providence Fund, Retirement Fund Inc (KWAP) and Permodalan Nasional Bhd among its substantial shareholders.

The slump in crude oil prices is taking its toll on producers around the world. For companies like SapuraKencana and TH Heavy, strong backing from local institutional funds is a blessing.

But are these funds exposing themselves too much to volatile oil prices?

==========================================================

THHEAVY got support from local institutional funds.
They cant let own big players fail..the support is there and next is to boost its share market price since already invested millions of money in it.

Posted by viper88 > 2015-09-15 09:16 | Report Abuse

Nice.. 0.23. Moving up.

Posted by viper88 > 2015-09-15 10:13 | Report Abuse

0.245 cleared... soon 0.25.

Posted by yongyou > 2015-09-15 10:17 | Report Abuse

congratulation bro viper88

Posted by yongyou > 2015-09-15 10:18 | Report Abuse

hopefully can break .255

Posted by viper88 > 2015-09-15 10:20 | Report Abuse

Vol traded very high at 0.25.. Big players still inside.
Buying strength still strong.. have to move higher so ICPS-i have instant profit when convert 1:1.
Just push THHEAVY enough, no need trade icps..

Posted by Kian Yap > 2015-09-15 10:27 | Report Abuse

sold at 0.25 ~ hit my target price already... but abit regret now... i should hold it 1st

Posted by viper88 > 2015-09-15 10:32 | Report Abuse

Thheavy have to break higher than 0.25 to attract buyers and increase the share market value.
THHEAVY-PB value will also automatically increase follow THHEAVY.

Since broke 0.255/0.26 let the big players continue do the pushing towards 0.30 - 0.40.

Posted by cashflow > 2015-09-15 10:32 | Report Abuse

Tp by this month 0.32