Posted by Alvin Hong > 2015-09-22 10:09 | Report Abuse

susah le like this

Posted by viper88 > 2015-09-22 10:54 | Report Abuse

Alvin Hong: It depends on own individual plan. entry price & exit price.
Seller queue still high and support still there.
Those short term player usually exit when the the buying pressure stop and price drop to their cut lost lvl.

THHEAVY support price 0.20, 0.215, 0.23

Those short-mid term investor might go accumulate more on price weakness/consolidation.

Posted by Alvin Hong > 2015-09-22 10:59 | Report Abuse

Thanks Viper88

Posted by decentguy > 2015-09-22 11:00 | Report Abuse

wellsaid viper

Posted by xaxo > 2015-09-22 11:37 | Report Abuse

new pullback support 0.16, break "cloud resistance" on 15/9...still at pullback position.

Posted by Sahampower > 2015-09-22 15:02 | Report Abuse

starting to move...

Posted by viper88 > 2015-09-22 15:18 | Report Abuse

Buyer strong absorb/accumulate at 0.215.

Posted by AnnH > 2015-09-22 15:21 | Report Abuse

oh mr viper hope it will soon....

Posted by Alvin Hong > 2015-09-22 15:31 | Report Abuse

hope will shot up

Posted by Kian Yap > 2015-09-22 15:36 | Report Abuse

accumulate more at 0.215 today ^^

Posted by richkid > 2015-09-22 15:37 | Report Abuse

A lot of selling going on...due to previous breakout buy ...huge volume chasing...now slowly not picking up....causing a slide in price...anyway Thheavy is a loss making company...so it was pure goreng stuff here...trade with cautious...

Posted by AnnH > 2015-09-22 15:37 | Report Abuse

u averaging kian yap?

Posted by Sahampower > 2015-09-22 16:16 | Report Abuse

no power...sigh

Posted by annmix > 2015-09-22 17:30 | Report Abuse

today t4 huge volume for 15/9 , guess many contra kaki, sentiment no good as well

Posted by viper88 > 2015-09-22 19:52 | Report Abuse

Yes, market sentiment unstable today, swing down and up, down up.. KLSE been down 3 consecutive days after Fed annoucement ..

When market is unstable, some prefer to exit and enter back at stable price.
Some new buyer will enter to replace the seller that exit.

Total transaction RM2.9 million with AVG today 0.214 with majority transaction done at 0.215, close at 0.21.
Selling pressure today also high at 72%.

If compare with last week 15/9/15 (Tuesday) high vol transaction:
Total transaction RM18.6million+,
Closing at 0.225,
AVG 0.236,
Buy 48%

Price retraced down by 0.015/0.02.
Buyer support at 0.215/0.21 still hold the price.

Sold some and bought back at lower price.

Posted by rman1 > 2015-09-22 20:14 | Report Abuse

viper88, tomorrow can go in or not ?,,,,,the selling looks scarry but i have the feeling that tomorrow Thheavy will rebounce........

Posted by viper88 > 2015-09-22 21:43 | Report Abuse

rman1: From today afternoon till closing.. THHEAVY facing selling signal. Theres some accumulation at 0.215 but selling persist. I also sold some at 0.215 when theres strong selling pressure and bought back at 0.21 when theres some rebound on klse index towards closing time around 4pm+. http://www.investing.com/indices/ftse-malaysia-klci-chart

I've sold 0.235 bought back 0.23/0.225 last week. Today sold lower 0.215 and bought back 0.21.
Eventhough i sold and bought back at lower price, i still get extra more units.

U have to set your own plan for entry price and exit price.
Based on THHEAVY vol and recent price even after some sell-off, it should still have some big players inside and new player enter to support.

THHEAVY have strong big shareholder Tabung Haji to support but the support comes on & off.. need good timing.

Market is uncertain but if u have a good plan.. theres chance to get profit.
Good luck.

Posted by rman1 > 2015-09-23 00:16 | Report Abuse

Thank's viper88, will see tomorrow.

Posted by timing > 2015-09-23 00:48 | Report Abuse

got tabung haji, should be no issue. just put for long term.

Posted by DreamGladiator > 2015-09-23 00:49 | Report Abuse

When moving

Posted by Alvin Hong > 2015-09-23 08:55 | Report Abuse

seem today drop again

Posted by viper88 > 2015-09-23 09:35 | Report Abuse

Last week tuesday highest vol transaction with many big players AVG at 0.236, closing at 0.225.
After 1week+, after some profit taking and T+4 with avg 0.236, 0.225, 0.214 the new avg price stilll around 0.225+/-

Thheavy price still holding well at 0.21/0.215 even when KLCI drop 20 pts currently.

Posted by annmix > 2015-09-23 11:19 | Report Abuse

still hoping to sell all at 21 sen, bad decision enter at 22, 21.5, 21 sen, selling force is strong now , those high price only few units done

Posted by viper88 > 2015-09-23 12:42 | Report Abuse

With every selling theres new buyers.
Just need to wait for the selling pressure over and pick up the buying strength again.

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

compare to others o&g shares, thheavy is stable

Posted by KedahMalay > 2015-09-23 14:57 | Report Abuse

longterm

Posted by annmix > 2015-09-23 15:19 | Report Abuse

looks like gone case.. haiz

Posted by Sahampower > 2015-09-23 15:20 | Report Abuse

gone case already

Posted by richkid > 2015-09-23 16:08 | Report Abuse

Thheavy is losing money. That is the problem. The rights issue was priced 25 sen to raise funds to help this company. However, this is not guarantee that it will go up to 25 sen since its performance as a company is not good at the moment. The risk of buying it beyond 25 sen is a gamble that Thheavy will return to profitability. So who is confident that Thheavy will turnaround profitable next quarter? If it lose money next quarter, the confidence will drop and the share might dip further. So for long term players you might want to die die hold and hope for the best. For contra players sell and move on.

Posted by viper88 > 2015-09-23 16:29 | Report Abuse

Wont la.. big buyer buying back already.

Posted by decentguy > 2015-09-23 16:35 | Report Abuse

welldone viper

Posted by viper88 > 2015-09-23 16:39 | Report Abuse

Selling seems over.. buyer start buying back. 0.21/0.215.

Different investor/trader have different view on this THHEAVY... it might not suitable for low risk players especially those short term/contra kakis.

Big players or experience trader with holding power can play this counter many rounds and make money.

Its the player issue not the game. The game is there... whether know how to play, can play it well or dont want to play ..decide ownself.

Posted by decentguy > 2015-09-23 16:45 | Report Abuse

u earn my respect..viper

Posted by annmix > 2015-09-23 16:58 | Report Abuse

really dramatic day, lucky buy more at 20.5, manage to sell the existing que earlier, so still hv 200x100lot to bet on friday, hopefully can make some profit can cover losses earlier que

Posted by viper88 > 2015-09-23 17:05 | Report Abuse

decentguy: Thanks. Just sharing some info and view.
Buying strength increase back.
Might retest recent high 0.25+/- if the big players still on track.

Happy holiday.

Posted by rman1 > 2015-09-23 17:24 | Report Abuse

viper88, i'm in at 0.210 , hope it is up trend ......

Posted by viper88 > 2015-09-23 19:54 | Report Abuse

rman1: Already up closing strong at 0.215.
Abt 50% of today total transaction done at 0.21/0.215.

Posted by viper88 > 2015-09-23 23:43 | Report Abuse

TRIPLC and GOB are the latest superstar. The stock price spike up fast.
The big players enter strong and push high.

THHEAVY also have big players inside.. been MIA past 5 months and now only can be seen in action recently. From their strong entry above 0.20 supported well with estimate avg around 0.225+/- if they really want to push, they can make the price go up higher.

Posted by matzi > 2015-09-24 06:17 | Report Abuse

I'm still holding

Posted by kuttyravi > 2015-09-24 16:27 | Report Abuse

STARBIZ LATEST NEWS 24/9/2015 , Please check out news headlines : THHE starts works on FPSO topside.....US900million project will help keep company afloat.......

Posted by kenen > 2015-09-24 17:45 | Report Abuse

Sound like raising soon.....

Posted by kenen > 2015-09-24 18:56 | Report Abuse

From what news mention,the cost only usd 230million. That's mean gain 670millions.

Posted by viper88 > 2015-09-24 19:10 | Report Abuse

THHEAVY 20 sen+ stock
with abt rm2.9billion project dalam pocket
with fresh fund in RM275million
with ICPS share worth RM275milion (untraded yet)
with TH as main shareholder..

very undervalue..

http://www.thestar.com.my/Business/Business-News/2015/09/24/THHE-starts-work-on-FPSO-topside/?style=biz

PETALING JAYA: TH Heavy Engineering Bhd (THHE) has officially started work on its floating production, storage and offloading (FPSO) topside for client JX Nippon Oil & Gas Exploration of Japan in Pulau Indah, a project that should help its ailing fortunes.

Recall that THHE had won the FPSO project, worth US$900mil, from JX Nippon in May 2014. This is the company’s first FPSO project.

The contract entails THHE providing its FPSO facility to JX Nippon for the Layang oil and gas field, located in Block SK10 offshore Sarawak.

In a statement yesterday, THHE said it had held a steel cutting ceremony in Pulau Indah last week to mark the start of its Layang topside FPSO.

THHE’s chief executive officer Nusral Danir said the company was fabricating its Layang FPSO topside at its Pulau Indah yard instead of constructing it in Dubai.

“The FPSO, which is undergoing conversion works in Dubai, is expected to set sail to Malaysia and be ready for integration in the second quarter of next year,” said Nusral.

The project is expected to be completed by the third quarter of next year and be leased to JX Nippon until November 2023, with an option to extend the lease for an annual one-year lease up to October 2033.

“The contract is a long-term contract that will bring in a steady stream of revenue for THHE by the third quarter of 2016,” said Nusral.

Nusral replaced the long-serving CEO of THHE, Datuk Nor Badli Mohd Alias, in June.

THHE has been posting losses since the second quarter ended June 30 last year.

It has been estimated that the total cost of the FPSO conversion is US$230mil or RM875mil.

THHE’s gearing level stands at 1.4 times.

It has been reported that most of THHE’s current borrowings are related to its JX Nippon FPSO Layang project to part-finance the acquisition and conversion of the FPSO asset.

THHE said its long-term FPSO-related borrowings would ultimately be self-funded once the FPSO Layang project is fully operational.

THHE has total outstanding borrowings of about RM527mil, out of which RM281mil are short-term in nature. The company has cash and cash equivalents of RM106.4mil.

THHE will be receiving fresh funds of RM275mil from its parent company Lembaga Tabung Haji (LTH) through a rights issue of Islamic irredeemable convertible preference shares.

Part of the funds would be used for the FPSO vessel.

Earlier this month, LTH was the sole subscriber of THHE’s rights issue exercise that had been undersubscribed at 69.96% by other investors in the company.

LTH has a 29.81% stake in the company. The pilgrim fund first bought into the company in 2008.

Shares in THHE closed 2.38% higher to 21.5 sen, with 8.5 million shares being traded yesterday.

Posted by rman1 > 2015-09-24 19:37 | Report Abuse

Thank's viper88, very good posting and info.......i hope tomorrow is good for Thheavy to start flying

Posted by Alvin Hong > 2015-09-24 20:01 | Report Abuse

yeah hope tomorrow start flying. Malaysia currency drop like hell

Posted by annmix > 2015-09-24 20:09 | Report Abuse

oil price crashing hopefully it will not affect sentiments of oil n gas counter

Posted by viper88 > 2015-09-24 20:18 | Report Abuse

If tomorrow open at spike up price will be a good indicator.

My own personal view ...with their operation financial issues solve, this share should be traded above 0.30+ at least + with secure Rm billion project in hand and confirm stable profit next year, the price should be easily trading around 0.40 - 0.50+. Oil price fluctuate shouldn't impact much as FPSO profit is stable and secured. Any new project secure in near future will definitely boost THHEAVY share price higher.

As usual, pls set own trading/investment plan.

Posted by mirilang > 2015-09-25 06:31 | Report Abuse

hopefully today is flyday..

Posted by somchik > 2015-09-25 08:23 | Report Abuse

Just buy and keep at least for a year and will see the turn around after a few qter . .. If you wanna 300% profit ki ki ko

Posted by supernova > 2015-09-25 09:21 | Report Abuse

drop again, many lots stuck here